Point User Guide 355
Closing cost scenario templates
5 When finished with the template, save the file.
Closing cost scenario templates
Closing costs are calculated in the Good Faith Estimate. Use a closing cost scenario
template to avoid repeat data entry for regular loan costs. Closing cost scenario templates
are also useful for marketing loans to prospects.
After you have set up your closing cost scenario templates, access them by clicking the
CC Scen or CC Scenario buttons.
Closing cost scenarios are available in prospect and borrower files in the following
screens:
• Prospect Information/Borrower Information
• Prequalification
• Loan Comparison
• Debt Consolidation
• Good Faith Estimate/MLDS
Any changes you make in one screen also populate in the others. Point re-calculates all
figures and ratios automatically.
Creating closing cost scenario templates
To create a closing cost scenario template:
1 Select the Templates tab from the navigation panel.
2 In the
Select a Template Category section, select Closing Cost Scenario, and click the
New button.
Important
Do not change the file extension or Point will not recognize the template.
Related information
For information about how to complete the fields in the loan program
template, refer to Truth-In-Lending Disclosure Statement, on page132.
Tip
You can display the Ratios dialog box for the current loan file at any
time by selecting Utilities > Display Ratios, by clicking the Ratios icon
on the toolbar, or by typing <Ctrl> + <T>. The
Ratios dialog box
contains the top, bottom, LTV, and CLTV ratios.
Attention
The closing cost scenario template is similar to the Good Faith
Estimate
screen. When you save the closing cost scenario template, you
can apply it to all Point files and populate the GFE or the MLDS.
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