On a modification transaction, why is the Current Balance defaulted to the field(s) in the Calculating Cash to Close section on the Calculations page?

This reduces duplicate data entry that would otherwise be required for Calculating Cash to Close. Once you change the value in the field(s) it will no longer default from the Current Balance. You will be responsible for entering and maintaining desired values.

An example of when a change may be necessary could include, but is not limited to, circumstances where there is an additional disbursement beyond the current outstanding balance of the loan being modified such as a loan or credit card payoff. The field(s) that are defaulted with this amount will vary based on your chosen calculation policy and whether you are using seller or non-seller disclosures.