Calyx Point 7 User Manual page 254

Loan tracking
Enter the broker fees that were paid by the lender and borrower. Enter any additional
3
fees in the empty fields.
In the
4
amount.
In the
5
as a percentage or dollar amount. If compensation from the lender is expected, enter
the amount as a negative number by using a minus sign (–).
In the
6
a
b
c
The
entered in the
236
field, enter the charge to the borrower as a percentage or dollar
Borrower Points
field, enter the amount that was paid by the broker to the lender
Lender Charge
Rep Commission section enter the following information:
Enter the percentage of the loan amount that the loan representative receives in
the field, if applicable.
Loan Amount
Enter the percentage of the gross profit that the loan representative receives in
the field, if applicable.
Gross Profit
Enter any additional applicable fees to be paid to the loan representative in the
empty field below
Gross Profit
(or loss) is automatically calculated based on the amounts that were
Net Profit
Broker Fee and
.
Profit sections.
Calyx Software