Final answer:
A mortgage lender escrows funds to ensure that the borrower can pay for expenses such as home insurance and property taxes.
Step-by-step explanation:
A mortgage lender escrows funds to ensure that the borrower can pay for expenses such as home insurance and property taxes. When a lender escrows funds, they collect a portion of the borrower's monthly mortgage payment to cover these costs. The lender then holds these funds in a separate account and uses them to make the necessary payments on behalf of the borrower.