Answers To Frequently Asked Questions
What is a SmartEscrow™ Report?
SmartEscrow™ is a new easy tool for use by Lenders and Closing Agents in Florida to accurately handle property tax escrow account setup. Your SmartEscrow™ report will show how much money to collect up-front at closing towards the property tax escrow, the correct amount for the property tax escrow payment each month, and even the correct pro-ration for current-year property taxes on the settlement statement
How much does a SmartEscrow™ Report cost?
SmartEscrow™ reports are only $25.00! You can include the cost on the settlement statement and mail us a check after closing like you do for all other payees, or pay right away using a credit card.
What if the Lender or Servicer ignores the SmartEscrow™ Report?
Lenders often request assistance from Title/Closing Agents in setting up the property tax escrow account. They’ll often request the prior year’s tax bill (which couldn’t be any worse of an idea in Florida), or request that you use the county tax assessor’s “Tax Estimator” or similar product to provide them with estimates. If you’ve used a SmartEscrow™ report, then none of that is necessary and the escrow account setup will be accurate IF the Lender or Servicer chooses to follow it. If they don’t, then the customer can’t blame you!
How long will it take to get my results report back?
You can expect to get your SmartEscrow™ Report results back within a few minutes of placing your order. Some reports take more work than others to generate (such as if a property record is redacted). If you do not see any results within 24 hours please contact us at
Why should I get a SmartEscrow™ Report?
Big escrow adjustments are very upsetting to customers! Ask any loan officer or closing agent how many angry calls they get at the end of every year. Some homeowners find that their property tax payment is going to be far higher than they anticipated- leading to stress and negative consequences. Others find that their property tax payment will actually go down from what was estimated, and that means that they could have perhaps qualified for a higher loan amount. Either way, it’s not a desirable result and homebuyers don’t like it!