Why doesn't the down payment or deposit amount print in the Cash to Close table on the Loan Estimate?

10/02/2015

The “Integrated Disclosure Purpose” drop-down, the Loan Definition page, is used to indicate the type of TILA-RESPA Integrated Disclosure (TRID) wanted for the transaction being created.

The available values are:

• Construction
• Home Equity Loan
• Purchase
• Refinance

If a user creates a transaction and later recalls it, they need to verify the correct selection is chosen in the “Integrated Disclosure Purpose” drop-down or the Cash to Close table may not display the values as expected.

For example: On a Purchase money transaction, if Refinance is selected from the Integrated Disclosure Purpose drop-down, the down payment value will not populate in the Cash to Close table. Also if an amount is entered in the Deposit field on Calculations, that value is not populating in the Cash to Close table. However, the amount entered will affect the Estimated Cash to Close total.

Select the appropriate value from this drop-down (Purchase for this example) and the Calculating Cash to Close table will update and display the values as expected.