If a payment is received that is less than the total amount due DMI will apply your payment as described below.

• If your mortgage payments are current or paid ahead and a payment less than the scheduled mortgage payment is received:
  • If the payment amount received is within $25 of the total amount due, the escrow on the loan can be shorted in order to make the full payment. Please note that escrow shortages may impact the amount of required escrow payments in the future. 
  • If the payment amount received is not within $25 of the total amount due and there is no indication as to how the payment is to be applied, the payment will be applied first to any outstanding fees or escrow advances, and then to principal.