Loan Estimate (2)

Screen ID: 

Screen Title: 

Panel Number:

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UMTLNEST-02

Loan Estimate

5711


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This screen appears when you continue from the previous screen.

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

Screen Overview

This is the second in a series of screens used to “capture” the data required to print on the Loan Estimate.  The data entered on this screen is printed in the Projected Payments section on page 1 of the Loan Estimate.  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.

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

Select 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.

Homeowners Insurance

Select 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

Select 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

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#UMTLNEST-02.htm