| Hi Shaun, Why can't the existing mtg company send the money we've paid in for our property taxes to the new mtg company and then *they* can pay them when they are due? I just dont understand this. Can someone explain it to me? I can explain... but unfortunately, the answer's not going to be very satisfying. The reason is beacuse the servicing company (the place you send your loan payments to, who manages the distribution of the cash, and subsequent bookkeeping of where it all goes, and when) is not your mortgage company. It may be a subsidiary of them, or a 3rd party contractor... but its not the actual mortgage company (even if it has a very similar name.) The servicing companies business model is to have as many loans managed per month, by the least number of clerical administrative staff, at the lowest possible hourly rate. In order to accomplish this, their processes are *EXTREMELY* dumbed-down and stretched out. *NOTHING* happens quickly on any out-of-the-ordinary request, and all standard changes (like the turnover of escrowed funds for taxes & insurance when a refinance occurs) is handled in a batched-out manner once a month during a special shift. In short; It COULD be done the way you logically just described... but the rate/fee driven public doesn't want to pay the higher servicing costs for that kind of service. Hope that clarifies (if not exactly creating the warm & fuzzies.) Cheers,
Dave Donhoff
Leverage Planner | 
