Escrow Disbursements Screen

Use the Disbursements screen to record payments toward escrow obligations from the homeowner's escrow fund. To open the escrow Disbursements screen, click the Disbursements button on the Mortgage/Payment Information screen. The selected homeowner is displayed at top left.

Generally, when your affiliate writes a check to someone, you should enter this as a disbursement on the Escrow Disbursements screen; and when you move money between accounts and no check is involved, make a non-standard payment entry on the Payments screen.

However, there are occasions when a positive entry should be made on the Disbursements screen. These are almost always related to a check your affiliate has received because of an escrow activity.

For example, the homeowner changes insurance companies in the middle of a policy period. They will receive a refund for the unused portion of the policy. Some tax authorities have a rebate program for some groups of homeowners. This will come to the affiliate for those homeowners who qualify.

Enter transactions that decrease the homeowner’s escrow account with negative amounts. Enter transactions that increase the homeowner’s escrow account with positive amounts.

Field Name	Type	Description
NS	Check box	Check for non-standard payments. However, it does not affect any calculations in Keystone and is for your informational purposes only.
Payment Date	Entry	The date on which you made the payment.
Payee	Entry, drop-down	The person or organization to whom you made the payment. You may select a name from the list, which contains the escrow payees defined as Escrow Payee Defaults in Affiliate Setup. You may also enter a name directly, at which point Keystone asks you whether you wish to add the payee to the Escrow Payees Default list.
Category	Entry, drop-down	The category of the escrow payee. For example, insurance companies would have the category of Insurance. Keystone inserts the category used in the payee’s record automatically. You should change the category on the recurrent payee's record rather than change it here. For more information, refer to the Managing Recurring Escrow Payees section.
Check No.	Entry	Used to record the number of your affiliate's check that was issued for payment.
Amount	Entry	The amount of the payment. The amount should be negative for disbursements.
Notes	Memo Entry	Used to record any comments related to the disbursement.