Closing Disclosure (3)

Screen ID: 

Screen Title: 

Panel Number:

images\kb_closed_shg.gif

UMTCLDSC-03

Closing Disclosure

5700


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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 Overview

This is the third 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 Loan Costs section on page 2 of the Closing Disclosure.  All loan costs entered will be alphabetized by section prior to printing the form.

Amounts are entered according to who and when they are paid.  There are fields for costs paid by the borrower both at closing and before closing and costs that are paid by others.  Enter the amount paid in the appropriate column for each line item.

Use the Continue button to proceed to the next screen.

Field Descriptions

Field Name

Description

A. Origination Charges (This section contains an itemization of each amount that the consumer will pay to the creditor or loan originator for originating and extending credit.)

% of Loan Amount (points)

If the applicant will be paying points to reduce the interest rate on this loan request, enter the appropriate percentage of the loan amount.  Use three decimal places.

Description

Enter a description of all additional origination charges to be paid to the creditor or loan originator for this loan request.

Amount

Enter the amount of each additional origination charge. 

Additional Video Resources

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 Link to ID: https://help.cubase.org/cubase/cubase.htm#UMTCLDSC-03.htm