Closing Statements Module GFE HUD Page 1
03/01/2015 Runtime: 18:10
The Closing Statements module automates and speeds the preparation of the GFE HUD and other settlement statements, including the former two-page HUD-1. Data entry is minimized because much of the information necessary for completion has already been entered into other modules. Calculations are automatically performed and repetitive typing of numbers is eliminated. The Closing Statements module is divided in three separate video presentations. This presentation will cover preparation of Page 1 of the GFE HUD.
Learn how to review amounts due to seller and due from buyer on the Seller Credits tab.
Learn how to calculate a proration for an item paid for by the seller in advance of the closing.
Learn how to view buyer credits and calculate the seller’s loan payoff using the payoff calculator.
Learn how to calculate a proration for an item unpaid by the seller at the time of the closing.