Where your mortgage goes after closing, and why it gets sold
Escrow after a transfer
How it flows
When servicing transfers, your escrow balance moves to the new servicer, which takes over paying taxes and insurance. Check your first statement from the new servicer to confirm the balance matches and that upcoming tax and insurance bills are on its list.
Last reviewed against the primary sources listed below.
Confirm
- Escrow balance matches.
- Insurance company has the new mortgagee clause.
- Tax bills are scheduled.
Questions about loan sales
Does my escrow transfer with my mortgage?
Yes, the balance moves to the new servicer.
Who pays my insurance after a transfer?
The new servicer, from escrow.