Closing Disclosure

The steps that follow outline how to add an entry in section L. Paid Already by or on Behalf of Borrower at Closing of the Summaries of Transaction table of the Closing Disclosure. And a credit in the Adjustments and Other Credits line of the Cash to Close table, reducing the cash from borrower or increasing the cash to borrower.

On the Closing Disclosure page:

1. Add a Closing Adjustments record.

2. In the Closing Adjustment Item drop-down list, select Other.

3. Enter a Description for the adjustment.

4. In the Integrated Disclosure Section, select Paid Already by or on Behalf of Borrower at Closing.

5. In the Integrated Disclosure Subsection, select either Adjustments or Other Credits.

6. Enter the desired Amount being added by the borrower.

7. In the When Paid drop-down list, select At Closing.

Please review the Loan Estimate and Closing Disclosure documents for accuracy and compliance, including the Seller section and/or Seller Only copy if applicable.