If a loan customer wants to establish an escrow account on a mortgage loan that was closed originally without a provision for escrow in the monthly payment, what do we need to do?
I am guessing that this is an atypical occurrence, but not entirely unheard of? Thank you for your input.

You will have to provide the initial escrow analysis (see 1024.17) based on the new computation year which begins with the first payment the escrow is scheduled to be made.

You will then modify your system to adjust the payment schedule and add any necessary codes to include the account in the annual analysis schedule.

Thank you very much for your timely and helpful response.