The NEW RETAIL CLOSING COST TEMPLATE

 

Starting today you will be seeing a change to our loan template sets.  We have updated our closing cost template to reflect the following changes.  The 1495.00 has been itemized between Processing and Underwriting.

This will still total your 1495.00 but now makes it an easier sell!

The exception to the above changes is in the state of North Carolina.  For loans with a property state of NC we have added a following business rule trigger.  When you finish the application started milestone the Processing and Underwriting Fees will go to 0.00 and the Origination Fee will default to 1495.00 (this is currently the format we have now)

 

Additionally, we have added the following changes to other fees.  The Credit Report default has moved to 100 from 75, and we have added a final inspection of 175.00 -  These fees will remain editable by you.

 

Please review the following and let us know if you have any questions!