Impounds/Escrows

Charlie simplifies impound setup by combining intelligent defaults with flexible controls, helping lenders move faster while maintaining accurate disclosures.

Smart Escrow Defaults

Loans with an LTV greater than 80% automatically default to escrows, ensuring compliance with common investor and regulatory requirements.

This reduces manual decisioning and helps lenders confidently set up loans correctly from the start.

Escrow amounts flow directly into prepaid items and cash-to-close calculations, supporting accurate Loan Estimates (LE) and Closing Disclosures (CD).

Lodestar Integration for Property Taxes

Charlie integrates with Lodestar to automatically pull in property tax amounts, improving accuracy and reducing manual data entry.

This ensures lenders are working with reliable tax data early in the process, minimizing downstream corrections.

Manual Entry for Other Impounds

Currently, insurance, HOA, and other impound amounts are not automatically populated.  Lenders can manually input or update these values to reflect the specific loan scenario.

Override & Waive Flexibility

Users can override prepaid and escrow calculations while maintaining visibility into system-generated values.

Escrows can be waived for eligible loans (e.g., certain conventional scenarios), giving lenders flexibility based on borrower preferences and loan structure.