Loan options disclosure
You can create up to six loan scenarios from the Anti-Steering Disclosure screen for comparison. The Borrower Information loan options disclosure for that scenario is displayed. Make any changes for loan options disclosure loan scenario. Yo can access any screen and form to make the required adjustments to the loan loan options disclosure as adjusting the down payment, interest rate, loan options disclosure closing costs. Use the dropdown list on the right to switch between loan scenario files.
When you are finished entering the scenario criteria, select Anti-Steering Screen from the dropdown list to return to the primary loan file. Complete the Anti-Steering Disclosure Selection section to specify which scenarios will print on the disclosure.
Select the checkbox to indicate that you do not broker loans with risky features, if applicable. When the Swap button is enabled, you can use it to replace your loan data with the loan options disclosure in the associated scenario. Two Anti-Steering Disclosure print forms are available.
Loan options disclosure for fixed rate loanes and one for adjustable rate mortgage ARM loans. Be sure to select the appropriate disclosure for your loan. Separate disclosures, loan applications, and loan data are generated for each loan scenario created on the Anti-Steering Disclosure screen.
Loan options disclosure sure to switch back to the primary application before printing your disclosures by using the dropdown list at the top of the screen.
The remaining scenario columns are used to create and compare alternate loan scenarios without changing the actual loan data. Click Create in any of the Scenario columns to a new loan scenario.
The Scenario column is populated with the current loan data and the Create button changes to Edit. Click the Edit button for the Scenario that you want to update. Use the Fixed dropdown losts to show fixed rate scenarios. Use the ARM dropdown lists to show adjustable rate scenarios. Also In This Category. Did this article help answer your questions or resolve your problem? Optionally provide private feedback to help us improve this article Thank you for your feedback!
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