What is Original Loan Amount?

For modification transactions, the original amount of the existing loan being modified would be entered as the Original Loan Amount in the At Origination section of the Calculations page. This amount will print to or be used in the following documents when applicable: Loan Modification Agreement, Release-Party, and Release of Real Estate Security Instrument.

In addition, this amount is used to determine whether the modification involves an increase or decrease in the Maximum Obligation Limit. If applicable, this amount of increase/decrease will print to the Modification Agreement – Mortgage and Modification Agreement – Deed of Trust but can be changed if necessary on the Document Data page.