What is Disbursements Not Disclosed in Total Closing Costs?

If Use one field to determine Down Payment/Funds from Borrower, Funds for Borrower, and Closing Costs Financed (Paid from your Loan Amount) was selected when setting up a calculation policy in Administration, the following occurs:

• On the Calculations page during the application phase, Disbursements Not Disclosed in Total Closing Costs will replace both the Total Existing Debt Being Satisfied and Payments to 3rd Parties Not Disclosed in Total Closing Costs fields. Disbursements Not Disclosed in Total Closing Costs may represent the sum of multiple items such as the sales price in a purchase transaction and any other third party charges that are not disclosed as costs on the Loan Estimate. Disbursements Not Disclosed in Total Closing Costs is used to determine the Down Payment/Funds from Borrower and Funds for Borrower, and Closing Costs Financed (Paid from your Loan Amount) as applicable.