FAQs

Will Pennymac perform an escrow analysis when completing a loan modification?

Yes, we will. Before establishing your Trial Period Plan, we will perform a complete escrow analysis on your account.

Why do we do this up front?

We need to accurately calculate what your new monthly escrow payment needs to be. To do this, we look ahead and factor in any property tax or homeowner's insurance bills that are scheduled to come due while you are in your trial period.

Performing this analysis before your trial begins ensures your estimated payments are calculated correctly and your home remains fully protected while we work toward finalizing your permanent modification.