I heard back from Wells Fargo today. I did have to email customer service as Petunia 100 suggested. Our lending consultant never returned my email, which is fine. It probably isn't her job to handle those adjustments.
I indicated to them that our escrow account and payment was much too high considering taxes for the next year are very low.
Our payment will change from $1313.61 to $1083.56. A savings of $230.05 per month. There is an excess of funds in our escrow account in the amount of $1,840.33. I have requested they mail this money back to us. I know that the taxes will increase next year. I will likely hold the escrow money for when the taxes are increased.
However, it's our money! We should earn the interest on it, even if it is a small amount.
I do like how prompt they were in reviewing the account. I'm glad I can make the request and adjustments when necessary! It's almost like handling own escrow. Almost.
Now what to do with the payment savings? I'm thinking the truck loan might just need to benefit! 
Fat Escrow Account Addressed
September 5th, 2012 at 12:44 pm
September 5th, 2012 at 01:36 pm 1346852185
September 8th, 2012 at 03:06 am 1347073605