Calyx Point 7 User Manual page 141

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f
g
h
Complete the
6
This section contains an itemized list of reserves that the lender requires to be paid in
advance to the impound account, who they are paid to, who pays them, and whether
they are a prepaid finance charge, FHA-allowable, or paid outside of closing. Blank
fields are provided to add user-defined fees.
Use the Table buttons to open the table of fees that were defined in the dropdown list
utility for the
information manually.
Use the
Setup
into an escrow (impound) account.
Point User Guide
Select who is to make the payment (Borrower, Seller, Broker, Lender, Third Party, or
Correspondent) from the Paid By dropdown list.
Borrower is assumed when no option is selected.
Specify whether the payment is a prepaid finance charge (PFC), FHA-allowable
(F), or paid outside of closing (POC).
For user-defined fees, type the line number or select it from the dropdown list,
enter a description or select a description of the fee from the dropdown list, and
complete the remaining fields.
Reserves Deposited with Lender
Mtg Insurance Reserves
Aggregate Adjustment
dialog box. This dialog box is used to specify funds that are to be deposited
section as described in
and
Taxes Reserves
Table button to open the
Disclosures
Step
5.
fields, or enter the
Initial Escrow Account
123

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