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2208 Comparing Tolerance for the Loan Estimate and Closing Disclosure


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Closing Disclosure

With the release of Point version 10.0 and TRID 2.0 you can now compare any fees that may have changed after the initial Closing Disclosure from a tolerance screen.

  1. Open the Closing Cost Worksheet.
  2. Click the Copy from Fees Worksheet button to copy over current fees.


  3. Click the Closing Disclosure button at the bottom of the screen to open the Closing Disclosure.


  4. Locate and click the Tolerance button at the bottom on the screen.


The “Exceeds legal limit by” field will populate the cure for fees beyond the tolerance threshold.



The Tolerance section houses two comparison tables:

Fees that cannot change (Zero Tolerance)

This table will list the description of any fee(s) that have a zero tolerance, the current fee amount, the baseline the fee is being compared to, and any tolerance overage for each fee. The Total field at the bottom of the table will total all overages for this fee type.

Aggregate of fees that cannot change more than 10%

This table will list the description of any fee(s) that have a 10% tolerance, the current fee amount, the baseline the fee is being compared to, and any tolerance overage. The Total fields at the bottom of the table will total the overages for the current fees, their baseline, and the amount exceeding the 10% cap.

You can click the below button to see what fees fall under which category for the comparison tables.



The fees in the Baseline column are listed in either table and are based on the fees from the Loan Estimate or the last saved fees from the Loan Estimate or Closing Disclosure once the baseline has been reset.

You can reset your baseline to match the current fees and recalculate tolerance, but, resetting baseline will overwrite the fees in the baseline column with the current fees from the Loan Estimate or Closing Disclosure.

Resetting your Baseline

  1. Open the Closing Disclosure.
  2. Click the Tolerance button at the bottom of the screen.
  3. Select either the Loan Estimate or Closing Disclosure from the Reset Tolerance dropdown list.


  4. Click the Reset Baseline button.


The Baseline link in the Tolerance section is now active so you can view the new baseline amount view and store the fees that were disclosed from the Loan Estimate or Closing Disclosure at the time the baseline was reset.



The fields next to the link will show which form the tolerance was reset on, along with the date and time.



Note: If the fee has been changed multiple times, but the baseline was not reset, the totals will be comparing the original amount to the most current fee amount changed in the file.



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Last Modified: 2 Months Ago
Last Modified By: cswms
Type: Point
Rated 4 stars based on 4 votes.
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