Menu

Search

Calyx Software Knowledgebase


2103 Entering Payoffs and Adjustments on the Loan Estimate


cswms
Loan Estimate

The Loan Estimate - Payoffs and Adjustments screen is used to calculate adjustments and other credits to populate the cash-to-close on the Loan Estimate.


To complete the Loan Estimate - Payoffs and Adjustments screen:

  1. Open the Loan Estimate and click the Payoffs & Adjustments button.


  2. Enter the Cash Deposit amount.
  3. Enter the Lender Credits.
  4. Enter the Seller Credits.
  5. Enter the Closing Costs paid by the Seller in the CC paid by Seller field.
  6. Enter each liability and the amount to pay off in the To column in the Payoffs and Payments section.
  7. Click the Copy From Liabilities button to populate the fields with liabilities that are marked for payoff from the Loan Application for all borrower sets.
  8. Enter each adjustment and credit and the amount in the Adjustments and Other Credits section.



Also In This Category


Did this article help answer your questions or resolve your problem?

Optionally provide private feedback to help us improve this article...

Thank you for your feedback!


Details
Last Modified: Last Month
Last Modified By: cswms
Type: Loans
Rated 1 star based on 10 votes.
Article has been viewed 2.9K times.
Options
Find Similar