Knowledge Base .: 0640 How To: Use the Anti-Steering Disclosure

0640 How To: Use the Anti-Steering Disclosure

To access to Anti-Steering Disclosure, go to Forms > Anti-Steering Disclosure. The first column in the Anti-Steering Disclosure shows the current loan information in the borrower file. The Scenario columns are place holders for other loan scenario files.

Although the disclosure requirements are to compare 3 loan scenarios, you can create up to 6 to choose from.  The borrower loan file data will be used when you create a scenario until you click Edit to edit the loan scenario with different closing costs, interest rate, etc...

  1. Click Create from any of the Scenario columns to add a loan scenario.
    The data in the Scenario column is populated with the current borrower data and the Create button changes to Edit.


  2. Click Edit from the Scenario that you need to update.
    The Borrower Information screen for that scenario is displayed.


  3. Make any changes that should reflect for this loan scenario. You can access any form and make the required scenario adjustments, such as adjusting the interest rate or closing costs. 

    Use the toggle dropdown list on the right to switch from any loan scenario file and the primary file.


  4. When you are finished entering the scenario criteria, select Anti-Steering Screen from the toggle dropdown to switch to the primary loan file.
  5. Complete the Anti-Steering Disclosure Selection section to specify which scenarios will print on the disclosure.

    • Use the Fixed: dropdown lists if the loan is a fixed rate loan.
      select the scenarios with the Lowest Interest Rate, the Lowest Origination Costs, and the Lowest Interest Rate without Risky Features.

    • Use the ARM: dropdown lists if the loan is an adjustable rate mortgage loan.
      In the ARM row, select the scenarios with the  Lowest Interest Rate, the Lowest Origination Costs, and the Lowest Interest Rate without Risky Features.

When printing the form, there are two Anti-Steering Disclosure forms. One is for Fixed Rate Loans and the other for ARM Loans.  Be sure to select the appropriate disclosure depending upon whether your loan is a fixed rate or adjustable rate

*Note
Each loan scenario on the Anti-Steering Disclosure screen contains separate disclosures, loan application, and loan data.  Remember to always toggle back to the Primary application by using the Toggle button on the upper right, before printing your disclosures.


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