 Prime Lending here with Mortgage 101. What is an escrow account? An escrow account stores a portion of your monthly mortgage payment to pay your property taxes and homeowner's insurance when they are due. Escrow accounts are required for some loans. For more information about escrow accounts, contact your Kenai Peninsula Prime Lending team at 907-205-3402. Diane Durfee, Production Manager, NMLS 759439. All loans subject to credit approval. Rates and fees subject to change. Prime Lending, a Plains Capital Company. NMLS 13649. Equal Housing Lender.