182 Calyx Software
FHA and VA loans
5 Complete the Loan Application and the Good Faith Estimate.
Completing the Good Faith Estimate
After you have completed the Borrower (or Prospect) Information screen and the
Loan Application, complete the Good Faith Estimate.
1 Select Forms > Good Faith Estimate.
2 Enter the applicable closing costs.
3 Indicate the FHA-allowable closing costs by selecting
F next to the fee.
4 Click the CC Adjustments for FHA button.
5 Enter or change any values and click Close to close.
Completing the FHA Statutory Requirements Worksheet
Use the FHA Statutory Requirements Worksheet to maintain compliance with FHA
guidelines that require the statutory required calculations be documented in the FHA loan
file.
Most of the fields in the
FHA Statutory Requirements Worksheet are pre-populated
with data that was previously entered in the
Borrower Information screen, the Loan
Application
, and the Good Faith Estimate.
The following buttons, located at the bottom of the workspace, provide additional
functionality:
FHA Trans Sum
Opens the
FHA Loan Underwriting and Transmittal Summary which
contains detailed information about the loan and simplifies the disclosure of loan-
level information.
Mtg Insurance
The Mtg Insurance button opens the
Mortgage Insurance Premium/
Funding Fee
dialog box which is used to calculate mortgage insurance fees for
conventional and government loans.
Related information
• For more information about the Information screens, refer to
Borrower and prospect information screens, on page151.
• Refer to Completing the Borrower and Prospect Information screens,
on page173, for information about how to complete the
Mortgage
Insurance Premium/Funding Fee
dialog box for an FHA loan.
Related information
For more information about completing the Good Faith Estimate, refer
to Good Faith Estimate, on page119.
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