Closing Disclosure (11)
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Screen ID: Screen Title: Panel Number: |
UMTCLDSC-11 Closing Disclosure 5708 |
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This screen appears when you continue from the previous screen.
Screen Overview
This is the eleventh 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 Disclosure section on page 4 of the Closing Disclosure.
Use the Continue button to proceed to the next screen.
Field Descriptions
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Field Name |
Description |
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Loan Disclosures |
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Escrow account |
Check the appropriate box for whether your loan will or will not have an escrow account ** If no escrow is selected, select the reason why there will not be an escrow. |
| Property costs over year 1 |
Enter the amount of property costs for year 1. Enter in the appropriate column. Enter a descriptive name of each charge. |
| Escrow waiver fee |
Enter the applicable fee if the escrow account is waived |
| Non-escrowed property costs over year 1 |
Enter the costs the consumer is likely to pay during the first year for charges that are not paid using the escrow account. Enter a description name of each charge. |
| Initial escrow payment | Enter the amount of the initial escrow payment required |
| Monthly escrow payment | Enter the amount that will be required to be paid into the escrow account with each periodic payment |
Additional Video Resources
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