Will the Details of Transaction on the Uniform Residential Loan Application and Transaction Worksheet on the Universal Credit Application Real Estate be updated if values are modified on the Calculations page?

Yes. Anytime a change is made to the fees on the Calculations page, the amounts that are defaulted to the credit applications will be updated. Once you modify the Details of Transaction or Transaction Worksheet amounts on the Document Data page, they will no longer default from the Fees section on the Calculations page. Changing the description associated to the amount will not impact the defaulting of the amount. Only if the amount is changed on the Document Data page will it stop defaulting from the Calculations page.
  • e. Estimated prepaid items
  • f. Estimated closing costs
  • g. PMI, MIP, Funding Fee
  • h. Discount (if Borrower/Applicant will pay)
  • k. Borrower's/Applicant's closing costs paid by Seller
  • n. PMI, MIP, Funding Fee financed