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