Calyx Software Knowledgebase

2103 Entering Payoffs and Adjustments on the Loan Estimate

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.

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Last Modified: 7 Months Ago
Last Modified By: cswms
Type: Loans
Rated 1 star based on 10 votes.
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