14.07 How do I make the Lender name and Payoff amount show on the HUD?
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Open the Closing File module and select the Loans tab.
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Click the Insert icon. Select the Lender from the Search Contact list and click OK, or enter the name of the new lender and click Add Contact.
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Select Payoff as the Status, then select the Priority.
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Exit the Closing File module and save changes.
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Open the Settlement Statements module and select the Buyer Credits tab.
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To add a payoff amount, double-click Line 504 or 505 in the HUD-1 to access the Payoff Calculator. Note: The Payoff Calculator is also available on Lines 1501 and 1502 of the HUD-1A.
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Enter the mortgage balance, late fees, per diem interest, and other miscellaneous fees associated with the payoff.
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You can click the Print button to print the details of the Total Payoff Amount.
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Close the Payoff Calculator by selecting OK, and the payoff amount will be displayed on Line 504 or 505.
-
Open the Closing File module and select the Loans tab.
-
Click the Insert icon. Select the Lender from the Search Contact list and click OK, or enter the name of the new lender and click Add Contact.
-
Select Payoff as the Status, then select the Priority.
-
Exit the Closing File module and save changes.
-
Open the Settlement Statements module and select the Buyer Credits tab.
-
To add a payoff amount, double-click Line 504 or 505 in the HUD-1 to access the Payoff Calculator. Note: The Payoff Calculator is also available on Lines 1501 and 1502 of the HUD-1A.
-
Enter the mortgage balance, late fees, per diem interest, and other miscellaneous fees associated with the payoff.
-
You can click the Print button to print the details of the Total Payoff Amount.
-
Close the Payoff Calculator by selecting OK, and the payoff amount will be displayed on Line 504 or 505.