The Closing Disclosure training presentation consists of six training videos. The second training video in this series will cover the preparation of page 2 of the Closing Disclosure.
Learn how to add creditor and third party fees to be paid by borrower at closing, before closing, or paid by others and learn how to add an additional line using the DoubleTime line administrator.
Learn how to add creditor fees associated with the origination of the loan and how to withhold creditor fees from the loan proceeds.
Learn how to customize line descriptions to eliminate unnecessary key strokes and save valuable time.
Learn how to add third party fees which the borrower did not shop for and how the paid by others column is completed when the fee is paid by the creditor.
Learn how to add third party fees which the borrower did shop for.
Learn how to calculate title insurance charges per CFPB guidelines and revise title insurance fees.
Learn how to review the borrower paid total loan costs and loan costs subtotals for sections A, B, and C.
Learn how to complete the four remaining sections of page 2 of the Closing Disclosure.
Learn how to use the recording calculator to calculate recording fees.
Learn how to view and edit calculated per diem interest and add prepaid insurance items.
Learn how to enter monthly reserve information and aggregate adjustment figures.
Learn how to add other closing costs including real estate commission and owner’s title insurance policy fees.
Learn how to review borrower paid total other costs that include totals for sections E, F, G, and H. Learn how to review total borrower paid closing costs for sections D and I and seller total figures.