Table of Contents
Advertisement
Disclosures and other forms
If you have already completed the
Application
populated.
To populate this screen from a loan program template, click the Loan Prog button and
3
select the loan program that you want to use.
Complete the
4
If the loan is an adjustable rate loan, complete the
5
If you have entered the note rate, check the
6
Payment
interest and principal amount of the note rate.
If you have entered the qual rate, check the
Payment
the qual rate (not the note rate).
If you have entered the qual rate and do not check the
Only Payment
principal amount of the qual rate (not the note rate).
Select the
7
Enter the amount that the rate is to be rounded to in the
8
applicable check box to specify if the rate is to round up to the nearest point, or down.
If this information was entered in the
automatically populated. If this information is entered or changed in the
Lending
Complete the
9
The
scheduled to change over the course of the loan.
The
dialog boxes that contain detailed information related to the loan.
a
b
10 Complete the
134
, and
Good Faith Estimate
Loan Information
check box if you do not want the top and bottom ratios to be based on the
Qual Rate
The
supersedes the
check box to base the top and bottom ratios on the interest-only amount of
check box, the top and bottom ratios are based on the interest and
Bi-Weekly Pmt Schedule
screen, the
ARM Disclosure (Initial)
Payment Schedule
Payment Schedule
section provides details for each time the payment is
,
Prepaid Fin Chg
Amount Finances
To manually add or edit payments in the payment schedule, select the
Payment Schedule
check box to enable the fields.
To add a regularly scheduled principal payment to the amortization schedule,
enter the amount and the frequency in the
Rate Adjustments
For negative amortization loans, leave the
blank.
Floor
The
field is optional.
Borrower Information
, most of the information is already
section.
Interest Only __mths
Qualify Ratios at the Interest Only
Attention
Note Rate
when both values are entered.
Qualify Ratios at the Interest Only
Qualify Ratios at the Interest
check box to indicate bi-weekly payments.
Rate
ARM Disclosure (Initial)
screen is automatically populated.
section.
,
, and
APR
Extra Payment
Extra Payment
section.
Attention
1st Adj Cap
and
screen,
Loan
field.
field. Select the
screen, it is
Truth-in-
field links open
Customize
fields.
Adj Cap
fields
Calyx Software
Advertisement
Table of Contents
