How does my mortgage lender know my tax bill has changed?
Most lenders have a department dedicated to checking certified tax values many times per year. When we achieve a reduction, our values are certified and then publicly available on your local appraisal district website. Most lenders automatically collect this information, and adjust your monthly escrow amount.
If your lender is slow to adjust or if you need assistance, please contact our team and we can easily provide you with certified documents to share with your lender to expedite the process.
For property owners who pay a lump sum property tax payment at the end of each tax year, the monthly escrow does not apply to you!