Closing Disclosure (2)

Screen ID: 

Screen Title: 

Panel Number:

images\kb_closed_shg.gif

UMTCLDSC-02

Closing Disclosure

5699


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This screen appears when you continue from the previous screen.

Check out the video related to this topic: Completing the Closing Disclosure (More videos below!)

Screen Details

This is the second in a series of screens used to “capture” the data required to print on the Closing Disclosure. The data entered on this screen is printed in the Projected Payments section on page 1 of the Closing Disclosure.  If the loan request is for an Adjustable Rate loan, you will need information from the Loan Quoter to complete these columns.  You will need to view/print the amortization inquiry.

 

Use the Continue button to proceed to the next screen.

Field Descriptions

Field Name

Description

Payment Calculation

Enter column heading(s) to print in the Projected Payments section. Up to 4 columns can be used.

Principal & Interest

Enter the monthly principal and interest payment for each column.  This amount includes cents. For columns 2 – 4, if there is a range for the principal and interest amount enter the minimum amount in the min field and the maximum amount in the max field.  If the payment does not have a range, enter the payment amount in the min field. 

Mortgage Insurance

Enter the maximum amount of mortgage insurance premiums for each column.  This amount is rounded to the nearest dollar.

Estimated Escrow

Enter the amount to be paid into escrow for each column.  This amount is rounded to the nearest dollar.

Estimated Taxes, Insurance & Assessments

Enter the estimated total monthly amount of taxes, insurance and assessments.  This amount is rounded to the nearest dollar.

This Estimate Includes

Property Taxes

Check this if the above estimate includes property taxes.

In Escrow?

Select Yes, No, or Some if property taxes will be included in an escrow payment.  This will print on the printed form.

Homeowner's Insurance

Check this if the above estimate includes homeowner’s insurance.

In Escrow?

Select Yes, No, or Some if homeowner’s insurance will be included in an escrow payment.  This will print on the printed form.

Other

Check this if the above estimate includes other charges.  Enter a brief description of the charge.

In Escrow?

Select Yes, No, or Some if other charges will be included in an escrow payment.  This will print on the printed form.

Additional Video Resources

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Visit the Show Me the Steps video library to view more videos!

 

 Link to ID: https://help.cubase.org/cubase/cubase.htm#UMTCLDSC-02.htm