Closing Disclosure (8)

Screen ID: 

Screen Title: 

Panel Number:

images\kb_closed_shg.gif

UMTCLDSC-08

Closing Disclosure

5705


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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 eighth 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 Other Costs section on page 2 of the Closing Disclosure.

Use the Continue button to proceed to the next screen.

Field Descriptions

Field Name

Description

H. Other

Description

Enter a description of additional costs required for this loan request. Depending upon your forms provider’s exact layout up to 4 additional items can be disclosed

Amount

Enter the amount of each additional cost  

I. Total Other Costs (Borrower-Paid)

Estimated Total Payoffs and Payments

Enter the estimated amount that will be used to payoff others with the proceeds from this loan.  This amount is rounded to the nearest dollar.

J. Total Closing Costs (Borrower-Paid)

Lender Credits

Enter the amount of credit that was received from the Lender. 

Estimated Closing Cost Financed

Enter the amount of closing costs that will be financed as part of this loan request.  This amount is rounded to the nearest dollar.

Closing Costs Above Legal Limit

Enter the amount of closing costs that are above the legal limit. Credit Unions are responsible for the calculation of this item.

 

Buttons

Button

Description

Calculate Totals (F5)

Use this button to calculate total other costs and total closing costs

Additional Video Resources

View more lending videos.

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

 

 Link to ID: https://help.cubase.org/cubase/cubase.htm#UMTCLDSC-08.htm