The system provides an easy-to-use, yet powerful voucher
system to manage and schedule disbursements to be made from the escrow account.
The process of disbursing funds can be further automated by having the funds
electronically transferred from the escrow account and directly deposited into
the vendor's account.
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Individual vouchers can be designated as "discretionary
payments". RESPA definition of discretionary payments is "any payment such as
credit life or disability insurance made as part of a mortgage payment but not
required by the lender".
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