A surplus (or overage) occurs when your projected escrow balance is greater than the required escrow balance. We make these projections during your escrow analysis, which is influenced by your taxes and insurance. If there's a surplus, your escrow statement will explain how the surplus will be processed.
Typically, if the surplus is $50 or more, we will send you a refund check for the surplus amount. If the surplus is less than $50, we will credit the surplus amount to your next monthly payment.