How to properly input Impounds into DocMagic

Entering Property Taxes properly:

1. If the state that you are drawing documents in is collecting Property Taxes
more than once a year, change the 'Payments/Year' field from '1', '2', '3',
or '4'. This simply means that the state in question is required to collect 2 or
more tax payments a year.
2. In the 'Payment Amount' field, input the semi-annually, tri-annually, or
quarterly dollar amount to be collected every month.
3. In the 'Due Date' field, click on the word 'Due Date'. You will receive a pop-
up window that will state 'Impound Due Dates'. On this screen, you must input
all of the dates in which tax payments are to be disburse. Line 1 being the date
of the next disbursement after the 1st payment date of the loan. Then, hit enter
to input the second disbursement date, etc.
4. After all due dates have been entered, click 'Ok'. Hit your 'Enter' or 'Tab'
key to automatically calculate the number of months to be collected at closing.

If you have any questions about Impounds, please contact the Customer
Service manager @ (800) 649-1362