Calyx Point 7 - Page 139

Point User Guide 121
Disclosures
4 Complete the Items Payable in Connection with Loan section.
This section contains an itemized list of loan fees, who they are paid to, who pays
them, and whether they are a prepaid finance charge, FHA-allowable, or paid outside
of closing. Blank fields are provided to add user-defined fees.
a Select who is to receive payment (Broker, Lender, Investor, or Other) for the item
from the Paid To dropdown list.
b If not prepopulated, enter the company name of the payment recipient in the
CompanyName field.
c Enter the fee in the
Amount field.
For the
LoanOriginationFee, LoanDiscount, andMortgageBrokerFee fields,
enter the fee as a percentage, a flat fee, or a combination of the two. The
Amount
field is automatically populated.
d Select who is to make the payment (Borrower, Seller, Broker, Lender, Third Party, or
Correspondent) from the Paid By dropdown list.
Borrower is assumed when no option is selected.
e Specify whether the payment is a prepaid finance charge (PFC), FHA-allowable
(F), or paid outside of closing (POC).