SoftPro Essential User Guide

Transcription

1 SftPr Essential User Guide SftPr Essential January 27, Falls f Neuse Rad, Suite 400 Raleigh, NC p (800) f (919)

2 Cpyright and Licensing Infrmatin Cpyright by SftPr, Raleigh, Nrth Carlina. N part f this publicatin may be reprduced in any frm withut prir written permissin f SftPr. Fr additinal infrmatin, cntact SftPr, 4800 Falls f Neuse Rad, Raleigh, NC 27609, r cntact yur authrized dealer. Micrsft, Windws, and MS-DOS are registered trademarks f Micrsft Crpratin in the United States and/r ther cuntries. WrdPerfect is a registered trademark f Crel Crpratin. Crystal Reprts is a registered trademark f SAP AG. HP LaserJet is a registered trademark f Hewlett Packard Develpment Cmpany, L.P. GreatDcs is a registered trademark f Harland Financial Slutins Incrprated. RealEC Technlgies, Inc. is majrity wned by Lender Prcessing Services. All ther brand and prduct names are trademarks r registered trademarks f their respective cmpanies. IMPORTANT NOTICE READ CAREFULLY Use f this sftware and related materials is prvided under the terms f the SftPr Sftware License Agreement. By accepting the License, yu acknwledge that the materials and prgrams furnished are the exclusive prperty f SftPr. Yu d nt becme the wner f the prgram, but have the right t use it nly as utlined in the SftPr Sftware License Agreement. All SftPr sftware prducts are designed t ASSIST in maintaining data and/r prducing dcuments and reprts based upn infrmatin prvided by the user and lgic, rules, and principles that are incrprated within the prgram(s). Accrdingly, the dcuments and/r reprts prduced may r may nt be valid, adequate, r sufficient under varius circumstances at the time f prductin. UNDER NO CIRCUMSTANCES SHOULD ANY DOCUMENTS AND/OR REPORTS PRODUCED BE USED FOR ANY PURPOSE UNTIL THEY HAVE BEEN REVIEWED FOR VALIDITY, ADEQUACY AND SUFFICIENCY, AND REVISED WHERE APPROPRIATE, BY A COMPETENT PROFESSIONAL.

3 Table f Cntents Cpyright and Licensing Infrmatin... 2 Chapter 1: PrFrm Basics... 4 Chapter 2: Starting a New Order Chapter 3: PrFrm A t Z Chapter 4: PrFrm HUD A t Z Chapter 5: Requirements and Exceptins - Standard Chapter 6: PrFrm Data Entry Tls Chapter 7: Printing Dcuments Chapter 8: DcChek Chapter 9: Micrsft Wrd Merge Getting Help

4 Chapter 1: PrFrm Basics Overview... 5 Getting Arund A PrFrm File... 5 Tabs... 5 ReadyDcs... 6 Data Entry Basics... 6 Accessing A Screen... 6 Mving The Cursr... 7 <F1> Help... 7 <F2> Erase... 7 Mving Frm Screen T Screen... 8 User-Entered Data And Typelite... 8 Changing The Typelite Clr... 8 Data Entry Keys... 8 PrFrm Menus... 9 Using Keybard Shrtcuts Tlbar Saving Yur PrFrm File Searching Fr A File Using Wildcards PrFrm: Search On Plicy Number Help... Errr! Bkmark nt defined. Buttns On The Help Tlbar... Errr! Bkmark nt defined. Hw T Use PrFrm Help... Errr! Bkmark nt defined. Cntents Tab... Errr! Bkmark nt defined. Index Tab... Errr! Bkmark nt defined. Search Tab... Errr! Bkmark nt defined. Finding And Printing Help... Errr! Bkmark nt defined. File Balance Status Bar File Balance Buttn File Balance Infrmatin Screen

5 Overview This chapter will intrduce the PrFrm desktp, and describe the basics f hw t get arund a file. Imprtant infrmatin abut saving yur wrk, getting n-line help, and ther unique PrFrm features like File Balance feedback are als explained. Getting Arund A PrFrm File PrFrm files are designed like tabbed file flders. Yu can have multiple files pen at the same time. Yu can minimize, maximize, r clse a file using the buttns n the file s title bar. Tabs The General tab cntains screens fr: Up-frnt rder infrmatin Settlement date Settlement agent Underwriter Buyer and seller data Lender, Attrneys, Brkers Lan infrmatin Prperty data The HUD-1 & Clsing tab has all f the screens yu need t cmplete the HUD-1 Settlement Statement and many ther clsing dcuments. Taxes Cmmissins Lan Charges 5

6 Title Charges Recrding Fees Payffs Escrws File Balance The Title Insurance tab cntains screens fr preparing cmmitments, plicies, and ther types f title dcuments. The ptinal Order Tracking Add-On includes the Order Tracking tab. It cntains tracking tls and management reprts t stay ahead f deadlines and mnitr prgress. See Chapter 15 Tracking Yur Business fr mre infrmatin. ReadyDcs SEE ALSO: 1. Chapter 10, DcChek t learn hw t view and edit dcuments n screen. 2. Chapter 9, Printing Dcuments t learn hw t print dcuments frm PrFrm. Data Entry Basics Accessing A Screen 1. Click the tab that cntains the screen yu want. (When yu first pen a file, the General tab is selected by default.) 2. Duble-click the name f the screen yu want t pen. Instead f duble-clicking a screen name; pen a screen by clicking it nce and pressing <Enter>. 6

7 Mving The Cursr Press <Tab> t advance the cursr t the next field. Press <Shift+Tab> t mve back ne field. Yu can mve t a field using the muse. Click inside the field yu want and the cursr will appear inside f it. <F1> Help Press <F1> in any field t display a handy help windw that will explain mre abut the field. <F2> Erase Press <F2> t clear the cntents f a field. 7

8 Mving Frm Screen T Screen T jump t the next screen in a tab press <Page Dwn>. Press <Page Up> t jump t the previus screen. T pen a screen n anther tab, yu must clse the current screen first (press <Esc> r click the Clse buttn in the upper right-hand crner). Then select the tab yu want t g t n the main flder and duble-click the screen yu want t pen. User-Entered Data And Typelite User-entered data appears in the TypeLite clr. The default TypeLite clr is red. Yu can change the clr by selecting Tls/Preferences in PrFrm. (See Changing the TypeLite Clr belw) Data that is entered fr yu autmatically by PrFrm will appear black. Yu can edit any infrmatin that PrFrm enters fr yu. Hwever, be aware that by editing autmatic calculatins, yu can alter the file balance. Changing The Typelite Clr 1. Chse Tls/Preferences. 2. Select the TypeLite Clr buttn. 3. Select a clr frm the Windws Clr palette that appears. 4. Click OK. Tips: Pastel clrs d nt shw well n screen. D nt use white as the TypeLite clr. If yu select black as the TypeLite clr, yu will nt be able t distinguish between manual data and data that is entered autmatically by PrFrm. Data Entry Keys On any PrFrm screen, use the fllwing keys t access SftPr features, enter data, r mve arund: <F1> <F2> <F8> <F6> OR <CTRL+G> Displays cntext-sensitive help fr the current field r dialg. Erases cntents f a field. Displays the SftPr Calculatr. Displays the GT dialg. 8

9 <F7> <F9> OR <CTRL+L> <CTRL+S> <CTRL+A> <SHIFT+F6> OR <CTRL+T> <SHIFT+F8> OR <CTRL+U> <SHIFT+F5> OR <CTRL+D> <CTRL+C> <CTRL+V> <CTRL+X> <BACKSPACE> <DELETE> <SPACE> Spell check the current field. Displays the Lk-up Table dialg. Saves the current file. In scrllable fields, inserts the current date, time, and user name n a single line. Inserts current system time int time, alphanumeric, and scrllable fields. Inserts current user's initials int alphanumeric and scrllable fields at the cursr's current psitin. Inserts current system date int date, alphanumeric, and scrllable fields. Cpies selectin t the Windws Clipbard. Pastes selectin frm the Windws Clipbard t the cursr's current psitin. Cuts selectin frm current psitin t Windws Clipbard. Deletes previus character and mves cursr ne space t the left. Deletes current character r highlighted text. Inserts space r deletes highlighted text. <TAB> OR <ENTER> Mves cursr t beginning f next field. <SHIFT+TAB> <ESC> OR <ALT+F4> <HOME> <END> <UP ARROW> <DOWN ARROW> <LEFT ARROW> <RIGHT ARROW> <PGUP> <PGDN> <ALT+3-DIGIT CODE> Mves cursr t beginning f previus field. Clses current dialg. Mves cursr t beginning f current field. Mves cursr t end f current field. Mves cursr t previus character, r previus item in a cmb bx r radi buttn field. Mves cursr t next character, r next item in a cmb bx r radi buttn field. Mves cursr left ne psitin, r previus item in a cmb bx r radi buttn field. <Ctrl+Left Arrw> mves cursr left ne wrd. Mves cursr right ne psitin, r next item in a cmb bx r radi buttn field. <Ctrl+Right Arrw> mves cursr right ne wrd. Mves t previus data entry screen. Mves t next data entry screen. Inserts an ASCII character. PrFrm Menus FILE Create, pen, clse, r save a PrFrm file. Edit a Firm File Number. Overlay a file r template. Search fr a file t pen. Print a ReadyDc t an Adbe.PDF file. MS Wrd Merge features. 9

10 Exit PrFrm fr Windws. Keybard shrtcuts: Start a new file (Ctrl+N) Open a file (Ctrl+O) Search fr a file (Alt+S) Save yur wrk in the current file (Ctrl+S) Print ReadyDcs using the current file (Ctrl+P) A list f mst recently pened files appears at the bttm f the File menu. T repen ne, click n it. VIEW TOOLS WINDOW HELP Hide r shw the Tlbar and/r Status bar. Access the ReadyDcs Manager, Check Printing Manager, Prmpts Manager, Greatland/State Dcuments Field Mapping Manager, PrFrm Preferences, PrFrm database utilities, and spell-check ptins. Arrange PrFrm files, select a tab n a file t view, r access the PrFrm GT feature. A list f currently pen PrFrm files appears at the bttm f the Windw menu. T activate ne, click n it. Access the PrFrm n-line help system and read prgram versin infrmatin. Using Keybard Shrtcuts Pressing the <Alt> key in cmbinatin with the underlined letter can access any menu bar item r cmmand. Fr instance, t access the File menu withut using yur muse, press <Alt> and <F>. Tlbar Create a new file Escrw Instructins Selectin Save the current file Open an existing file Print Preview Print dcuments Overlay a file/template Search Dcument Mde (Lan 1, Lan 2, Lan 3) Dcument Histry View Prmpts Dialg Transactins Histry GT Feature View all dcuments in flder Saving Yur PrFrm File It is imprtant t save at regular intervals while yu wrk n an rder. Pwer utages, netwrk interruptins, r ther cmputer prblems can ccur unexpectedly and cause yu t lse unsaved wrk. 10

11 T save yur wrk: Select File/Save r click n the PrFrm tlbar. The shrtcut keystrke fr File/Save is <Ctrl+S>. Press <Ctrl+S> at regular intervals while wrking with a file t save yur wrk. This is the nly save ptin yu can access while a PrFrm screen is pen. T save a file with a different name r t a different flder: 1. Chse File/Save As. The Save As dialg will appear. 2. If saving with a new name, type a file name in the File name field. 3. If saving t a different lcatin, the flder in which yu want t save the file. 4. Click Save. Searching Fr A File 1. Press <Alt> and <S> tgether r click Search n the tlbar. 2. The Search screen will appear. Enter search criteria using as many f the fields as yu like. Yu can use wildcards t enhance yur search. 3. Click Search. Select the file yu want and click Open. 11

12 Using Wildcards The questin mark (? ) and asterisk ( * ) characters are called wildcards because they can be included in a search term t represent unknwn characters. The questin mark represents any single character. The asterisk represents any grup f characters, including n characters. The questin mark and asterisk can be used befre, after, r within a search term. Fr example: M?ndy - wuld find Mindy, Mandy J*ns*n - wuld find Jhnsn, Jhnstn, Jnsn, Jnstn, Jhansn Smith* - wuld find Smithfield, Smithville, Smithtwn, Smith The ^ (carat) is a wildcard that can be entered befre a wrd r cmbinatin f letters t find recrds which have that same string f letters anywhere in the field. Fr example, if yu were t type ^WOOD as the Prperty Cunty, recrds with "wd" smewhere in the cunty name will be fund (fr example: Wdcrft, Briarwd). PrFrm: Search On Plicy Number Yu can search fr PrFrm files based n the plicy number. 1. In PrFrm, click File>Search. 2. Enter the Plicy Number. 3. Click Search. 12

13 File Balance Yu can get feedback abut yur file s balance frm the Status Bar and File Balance Infrmatin screen f the HUD-1 & Clsing tab. Status Bar File Balance Buttn File Balance Infrmatin Screen 1. Click the HUD-1 & Clsing tab. 2. Duble-click File Balance Infrmatin. 13

14 Chapter 2: Starting a New Order Creating a New CDF Order r Template CDF Tab CDF Page Clsing Infrmatin Transactin Infrmatin Lan Infrmatin Lan Terms Lan Terms (Cntinued) Prjected Payments Csts at Clsing CDF Page Sectin Grids Line Detail Dialgs Sectins A-J Details CDF Page Calculating Cash t Clse Summaries f Transactins Line Detail Dialgs Calculatins Transactins withut a Seller CDF Page Lan Disclsures Adjustable Payment (AP) Table Adjustable Payment (AP) Table Dialg Adjustable Interest Rate (AIR) Table Adjustable Interest Rate (AIR) Table Dialg CDF Page Lan Calculatins Other Disclsures Cntact Infrmatin Cnfirm Receipt Other Changes Utilities PrDesign PrFrm CDF Optins Title Insurance

15 Overview Yur wrk requires yu t enter many types f clsings r title insurance rders. Sme are standard types yu see everyday. These can be entered in PrFrm using a similar apprach. Hwever, thers may be unique and require that yu take advantage f all f the special features and flexibility that PrFrm has t ffer. Whatever an rder demands, yu will be able t cmplete it with PrFrm. This chapter cntains tips that yu can use when starting several types f rders. After entering the basics, refer t Chapter 3, PrFrm A t Z t learn hw t enter ther items that make each file unique. Creating a New CDF Order r Template When creating a new rder r template, the user will need t specify a Settlement Type. The default may be set in Preferences. The New rder/template dialg nw has the CDF ptin available in the Type drp-dwn: Yu may cpy frm a CDF r HUD-1 rder int a CDF rder. See belw fr mre infrmatin. CDF Tab A CDF tab will appear in CDF rders. This tab cntains all f the new data entry screens fr CDF Pages 1-5 f the Clsing Disclsure Frm, as well as several ther screens which assist with CDF preparatin. These screens are discussed belw. 15

16 CDF Page 1 Clsing Infrmatin Prvides a basic summary f lan dates, settlement agent, file number, prperty address, and sale price/appraised value. Date Issued: The date that the Clsing Disclsure frm is issued t the cnsumer; must be entered manually. Clsing Date: The clsing date f the lan. Defaults frm Settlement date/time n the Express Order Entry, File N., Settlement Dates, Ntes, and Basic Order Infrmatin screens, but can be manually verridden. Disbursement Date: The lan funding date. This is the same field as the Disbursement date n the File N., Settlement Dates, Ntes screen. Settlement Agent: The rder cntact handling the lan clsing transactin. This field defaults frm the settlement agent cntact n Sett. Agent, Title C., Underwriter, Offices, and als cntains ptins t select Title Cmpany, Underwriter, Lender, and Mrtgage Brker. This is the same field as the Settlement Agent n CDF Page 5 Cntact Infrmatin. The buttn pens the Sett. Agent, Title C., Underwriter, Offices screen. File #: This field defaults t the PrFrm file number but may be verridden manually. Prperty: Lists the prperty being purchased. This infrmatin is the same as that fund in the Prperty Address fields n the Express Order Entry and Prperty, Legal Descriptin screens. The buttn pens the Prperty, Legal Descriptin screen. Sale Price/Appraised Prperty Value: If the transactin is a purchase, these tw fields will ppulate autmatically based n the Sales Price field n the Express Order Entry & Sales Price, Depsit/Earnest Mney screens; they may be manually verwritten. If nt a purchase, the fields will default t the Appraised Prperty Value which is als fund n the Appraisal Infrmatin screen. Transactin Infrmatin Displays cntact infrmatin fr the buyer, seller, and lender. 16

17 Brrwer: Selecting the buttn here pens the Buyer/Brrwer, Officers & Signatures screen fr adding and editing cntact infrmatin. This field will default frm the first set f brrwer names assciated with the lan, and their address. Brrwers are assciated t a lan using the Brrwers grid n the Lan, Funding & PrTrust screen. If the title drp-dwn is changed here, the title shwn in the rder s Buyer/Brrwer Signature Lines dialg will be adjusted as well; the title selected frm the list is the label that will be printed n CDF Page 1 and Settlement Statements. Seller: Selecting the buttn here pens the Seller, Officers & Signatures screen fr adding and editing cntact infrmatin. This field will default frm the first set f seller names assciated in the file and their address. If the title drp-dwn is changed here, the title shwn in the Seller Signature Lines dialg will be adjusted as well; the title selected is the label that will be printed n CDF Page 1. Lender: The name f the lan creditr; ppulates autmatically with the Lender Full Legal Name n the Lender screen; it can als be accessed frm the Express Order Entry screen. Lan Infrmatin This sectin cntains details abut the lan term, purpse, prduct, and type. Selecting the buttn directly next t Lan Infrmatin pens the Terms, Payment & ARM screen fr quick editing f lan infrmatin. Lan Term: Defaults frm Lan Years n the Terms, Payment & ARM screen and can be manually verridden. 17

18 Purpse: This field will default frm the rder type that is selected n the Express Order Entry screen (i.e. purchase, refinance, r equity) r Cnstructin when the Cnstructin checkbx is selected n the File N., Settlement Dates, Ntes screen. The field may be verridden manually. Prduct: This drp-dwn cntains standard lan prducts. When the Other ptin is selected, the secnd line beneath is enabled fr manual entry. These fields are the same as the Lan Prduct & descriptin fields n the Lan, Funding & PrTrust screen. Lan Type: This drp-dwn list cntains standard lan types; when the Other ptin is selected, the secnd line beneath is enabled fr manual entry. These fields are the same as the Lan type & descriptin fields n the Lan, Funding & PrTrust screen. Lan ID #: Input lan number here. This field is the same as Lan number n the Lan, Funding & PrTrust screen. MIC #: Input mrtgage insurance case number here. This field is the same as Mtg. Ins. Case Number n the Lan, Funding & PrTrust screen. 18

19 Lan Terms This area is fr specifying the Lan Amunt, Interest Rate, Principal & Interest (defaults t mnthly), Prepayment Penalty, Balln Payment, and any Additinal Terms Field Cdes The fllwing items crrespnd with the fields marked in blue abve. These fields match ther existing fields: 1. Same as Principal Amunt f Lan n the Express Order Entry & Lan, Funding & PrTrust screens. 2. Same as Annual Interest Rate n the Terms, Payment & ARM screen. 3. Same as Interest Adjust/Change Perid n the ARM Data screen. 4. Same as Lifetime Maximum Rate n the ARM Data screen. 5. Same as Payment frequency n the Terms, Payment & ARM screen. 6. Same as Principal and Interest Payment n the Terms, Payment & ARM screen. Additinal Terms The lan terms will nt print n the Clsing Disclsure frm unless the crrespnding checkbx is selected. If free-frm text is needed, there are three Additinal Terms lines included in all five sectins; each preceded by a checkbx. Clicking the buttn t the right f each additinal terms line will pull up a dialg fr rich-text editing t allw yu t bld specific text. 19

20 Lkup tables are nt available fr these dialgs. The fnt default fr CDF Page 1 is Tahma, 10pt and each Additinal Term will be a separate bullet n CDF Page 1. Lan Amunt The first field is fr the full lan amunt. The first drp-dwn always defaults t N, but may be adjusted manually t Yes. The remaining ptins will allw the user t specify details f the lan amunt increase, as well as the specific time perid during which this increase may ccur. Interest Rate The first field is fr the interest rate. The first drp-dwn defaults t N, unless a value is entered in the Type f Arm field fund n the ARM Data dialg. The remaining ptins will allw the user t specify details f any interest rate increases, as well as the specific time perid(s) during which these increases may ccur. Additinally, the See AIR Table checkbx will default t checked when Yes is selected. The Air Table may be edited n CDF Page 4. Principal & Interest The drp-dwn label fr this sectin, fund ver the title Principal & Interest, is the same field as the Payment Frequency drp-dwn n the Terms, Payment & ARM screen. The first drp dwn defaults t N, unless the lan is set up as an adjustable rate mrtgage. If Yes is selected, the remaining ptins allw the user t specify details regarding future adjustments that will be made t the principal and interest, including time perids, maximum payments, and interest-nly payments; the See AP Table checkbx will be checked. The AP Table may be edited n CDF Page 4. 20

21 Lan Terms (Cntinued) Field Cdes The fllwing items crrespnd with the fields marked in blue abve. These fields match ther existing fields: 1. Same as Maximum Prepayment Penalty n the Terms, Payment & ARM screen. 2. Same as Balln after field n the Terms, Payment & ARM screen. 3. Same as Balln after drp-dwn n the Terms, Payment & ARM screen. Prepayment Penalty The first drp-dwn always defaults t N, but may be adjusted manually t Yes. If Yes is selected, select the apprpriate time perid within which a prepayment penalty wuld apply, as well as the maximum amunt f the penalty. Balln Payment The drp dwn list defaults t N, unless the Balln after field n Terms, Payments, & ARM screen has a value. If applicable, enter the amunt f the balln payment as well as the balln payment due perid. Prjected Payments This sectin prvides a breakdwn f hw lan payments will be structured during the life f the lan, specifying hw principal, interest, insurance, and escrw payments will be handled. 21

22 Field Cdes 1. Same as Principal and Interest Payment n the Terms, Payment & ARM screen, & Principal and Interest screen n the Payment Infrmatin Letter screen. 2. Same as Mrtgage Insurance n the Payment Infrmatin Letter screen. 3. Same as Estimated Escrw n the Payment Infrmatin Letter screen. 4. Same as Estimated Ttal Mnthly Payment n the Payment Infrmatin Letter screen. Payment Calculatin The first rw allws the user t specify year range(s) fr any changes t the payment calculatin during the life f the lan. Rw tw allws the user t specify Interest-Only and Final Payment amunts, if necessary. Principal & Interest The user is able t enter Principal & Interest amunts n this rw, including minimum and maximum amunts. Clicking the buttn pens the Terms, Payment & ARM screen. Mrtgage Insurance Enter Mrtgage Insurance csts n this rw; clicking the buttn in the far left clumn pens the Line Detail Dialg fr editing and mdifying the Mrtgage Insurance charge fund n CDF Page 2, Sectin G, Line 2. In rder fr this charge t ppulate with data entered n CDF Pg 2, the Calculatin Type details must be specified: Estimated Escrw Enter the ttal Estimated Escrw amunts n this rw; clicking the buttn in the far left clumn pens the Line Detail Dialg fr editing and mdifying the Hmewner s Insurance charge fund n CDF Page 2, Sectin G, Line 1 and allws yu t add r edit additinal escrw amunts in Sectin G. Estimated Ttal Mnthly Payment Enter the Estimated Ttal Mnthly Payments n this rw. Minimum and maximum payment amunts may be entered manually. 22

23 These amunts will calculate/ppulate autmatically based n the infrmatin in the Principal & Interest, Mrtgage Insurance, and Estimated Escrw fields abve. Estimated Taxes, Insurance & Assessments The Estimated Taxes, Insurance & Assessments field will display an amunt calculated frm infrmatin entered int the Payment Infrmatin Letter screen (see belw). The Payment Infrmatin buttn pens the Payment Infrmatin Letter screen: Check the In Estimate checkbx t indicate that an item shuld print n the Clsing Disclsure Frm. If In Estimate is unchecked, the rw will nt print n the frm, and the assciated amunt will nt be included in the ttal estimated taxes, insurance, & assessments. Enter r mdify the Descriptin fr each item; infrmatin entered n CDF Page 2, Sectin G will default here. T indicate that an amunt is escrwed as part f the lan, check the In Escrw checkbx. The Estimated Escrw amunt calculates frm the ttal f all amunts entered in Payment Infrmatin Letter where In Escrw is checked. The fields at the bttm f this dialg display infrmatin frm the Payment Calculatin sectin f CDF Page 1; the field at bttm prvides the Estimated Ttal First Payment. Csts at Clsing This sectin displays the ttal clsing csts & cash t clse infrmatin frm Pages 2 & 3 f the Clsing Disclsure frm. Buttns next t these read-nly fields allw the user t jump t ther screens fr viewing cst details & make edits. 23

24 Clsing Csts buttn: Opens CDF Pg 2, Sectin J, & pens the screen where the data is defaulting frm. in Lan Csts buttn: Opens CDF Pg 2, Sectin D, & pens the screen where the data is defaulting frm. in Other Csts buttn: Opens CDF Pg 2, Sectin I, & pens the screen where the data is defaulting frm. in Lender Credits buttn: Opens CDF Pg 2, Sectin J, & pens the screen where the data is defaulting frm. Cash t Clse buttn: Opens the Divisin f Prceeds & 1099-S Data screen. 24

25 CDF Page 2 Use this page t detail clsing csts that are assciated with the transactin. Sectin Grids CDF Page 2 is presented in a grid and allws data t be entered directly within the grid cells unless they are grayed ut. Use the Enter r arrw keys t mve frm ne cell t anther in a grid. Use Tab t mve frm ne grid t the next. Grid Clumns Descriptin: Enter a descriptin f the line item; functins the same as the HUD lines. The cntents f the descriptin field will print in the mem field n a receipt/disbursement transactin nce exprted t PrTrust. The sectin and line number will be displayed in the extended mem details. Ex. Settlement r clsing fee - (B.01) $ The breakdwn f the charges pulls int the Extended Mem field. Fr example: A single item check wuld appear similarly t the fllwing: A Gruped Disbursement Check wuld reflect all fees cllected: Re: Enter a mem r ther nte abut this item; functins the same as the HUD lines. DS: Select a disbursement status cde frm this drp-dwn list; functins the same as the HUD lines. 25

26 T: Enter the name f the payee fr this item; functins the same as the HUD lines. Brrwer-Paid: The tw Brrwer-Paid clumns allw the user t list items that will be paid by the buyer/brrwer: At Clsing: Indicates the amunt listed is t be paid at the clsing. Befre Clsing: Indicates the amunt is t be paid prir t the clsing. Seller-Paid: The tw Seller-Paid clumns allw the user t list items that must be paid by the seller. At Clsing: Indicates the amunt listed is t be paid at the clsing. Befre Clsing: Indicates the amunt is t be paid prir t the clsing. Paid by Others: Indicates the amunt is paid by a party ther than the brrwer r seller. Grid Lines Headers: Each sectin has a header rw which cntains bld, black text and lists the crrespnding Sectin letter, Title, and Brrwer-Paid Ttal: Srting: Each sectin s lines are srted alphabetically by descriptin when the screen is clsed; capitalized items are srted befre lwercase items. This srting des nt apply t any default, reserved lines in each sectin. Alphabetic srting can be turned ff by unchecking ptin 6) Srt CDF page 2 lines descriptins alphabetically n the CDF Optins screen. Line numbers: Sectins A-C & E-H have black hyperlinked line numbers at the left side f the grid. These numbers may be clicked t view and edit infrmatin in the Line Detail Dialgs fr thse items. Sectins A-C & E-H can each cntain up t 99 lines; nly 55 ttal lines will be printed n CDF Page 3. Any lines that exceed this number will be included n an addendum page. Lines may be added by chsing the <Click here t add a rw> ptin at the bttm f a given sectin. Lines may be deleted by clicking in the clumn t the left f the line numbers t select an entire rw and pressing the Delete key. Each sectin must have at least ne line. The Aggregate Adjustment line in Sectin G cannt be deleted, & always shws as the last line in the grid. All charges assciated with that line must be eligible fr deletin. Default lines in each sectin cannt be deleted. Enterprise users: If a line cntains a charge already psted in PrTrust (i.e., nt pending r vided), yu will nt be able t delete the charge r line until yu vid the existing transactin. If the charge is being sent frm anther lcatin yu must remve the CDF line value frm the Line drp-dwn s the charge is n lnger n the CDF line. Multiple charge lines: Lines cntaining multiple charges have grayed ut DS and amunts fields since they cntain a ttal f all the charges that are assciated with this line: 26

27 Line Detail Dialgs After clicking a hyperlinked line number in the CDF Page 2 grid, a Line Detail Dialg will appear. These dialgs allw yu t enter additinal details regarding a charge (i.e.-calculatin type, Seller Pay %, Paid by thers details, etc.), add multiple charges that will ttal n the main line n CDF Page 2, and chse a calculatin charge type t autmatically calculate the charge amunt. The tw headings at the tp f the dialg identify the Sectin and Line number fr the charge currently displayed. The grid fund in the tp prtin f the dialg lists and prvides a summary f the charges present n the line being edited; details cannt be entered int this grid. Click n a grid rw t edit the charge. Additinal charges may be added r deleted by pressing the buttns fund in the upper left. The bttm prtin f the dialg cntains varius fields and drp-dwn lists fr cnfiguring line charges: The tp tw rws cntaining Desc, Re, DS, T, and Address fields functin the same as the HUD lines. There are eight calculatin types available. When adding a new charge t a line, yu must select Basic, Percent, Prratin, Payff, Recrding Fees, Transfer Tax, Prepaid, r Escrw, and then press the Details buttn t edit: 27

28 When multiple charges are added t a line, charges will be itemized n the Clsing Disclsure Addendum page and the ttal will print n the main CDF Page 2 line with a default descriptin r reference See Additinal xxx Items. This default descriptin can be manually verridden. Basic Charge The details buttn is nt available fr this charge type; the charge is entered directly int the Line Detail dialg. Cst Paid: Mdify this ptin t autmatically mve a calculated r sent ver charge amunt frm At Clsing t Befre Clsing, r By Others. This ptin will nt mve manually entered amunts frm ne amunt clumn t anther. Slr%: Allws a calculated r sent ver amunt t be split between a buyer and seller; If the file is nt a purchase, Slr% and Seller-Paid amunts (At & Befre clsing) are disabled. Brrwer-Paid/Seller-Paid: At Clsing: Input the amunt t be paid at clsing. Befre Clsing: Input the amunt paid befre clsing. Paid by Others: Indicates the amunt is paid by a party ther than the brrwer r seller. T indicate hw the amunt shuld be disbursed, use these rules: An amunt shwn with a nrmal decimal (e.g. $300.00) will be disbursed at clsing. Prcess As shuld be marked accrdingly based n whether the funds are Incming funds, In Funding check, r Reduce Funds. An amunt shwn with an asterisk decimal (e.g. $300*00) indicates a fee that was paid utside f clsing by a third party. Disburse: Selecting this checkbx creates a POC disbursement t be paid t the entitled payee; Prcess As shuld be marked based n whether the funds are Incming funds, In Funding Check, r Reduce Funds. Prcess As: Incming Fund: The amunt is cnsidered an incming fund n behalf f the brrwer r seller; use t specify mnies that shuld be brught t the clsing. This will generate a depsit in either the Receipts Register (Enterprise versin) r as a generated incming depsit (Standard versin). In Funding Check: The amunt is designated t be included in the funding check. The amunt Paid by Others will need t be added t the Funding Check if the Funding type is marked as Grss. If Funding type is marked as Net, the Funding Prceeds will adjust autmatically. Reduce Funds: The user specifies a Paid By cntact frm the drp-dwn list belw, which deducts frm the party s check; a warning is issued if the check isn t big enugh t cver the amunt. If this ptin is selected, the Paid By field is activated and the user will need t indicate frm which party the funds are being reduced. 28

29 Paid By: Drp-dwn list includes ptins fr all gruped check cntacts. Tw additinal cntacts, LB (Lending Brker) & SB (Selling Brker), will be available in the Paid By drpdwn when Reduce Funds is selected in the Prcess As drpdwn. LB & SB are used in cnjunctin with amunts entered n the Cmmissins screen. Fr example, if a user has a listing brker cmmissin entered n the Cmmissins screen in a CDF rder, the user may select LB in the Paid By drpdwn fr any Paid By Other amunts that are prcessed as Reduce Funds; the same functinality exists fr selling brker. Tlerance: Specify the maximum percentage that a charge n the Clsing Disclsure may differ frm the Lan Estimate. Lan estimate: Enter the amunt f the charge as shwn n the Lan Estimate. Fee Type: Use t categrize the charge when transmitting file data electrnically. Percent Charge Use t calculate a percentage f the lan amunt, sales price, lan premium, r wner s premium. Use the first rw t set a percentage f lan amunt, sales price, lan premium, r wner s premium Runding t the nearest whle dllar may be specified with the checkbx. Adjustment amunts may be set n the secnd rw. Adjustment +/-: Enter a dllar amunt here; lead with a minus sign t subtract the amunt. Fr: Input a descriptin if necessary. Prratin Charge Use this ptin t prrate a charge between a buyer & seller, r calculate just the buyer s r seller s prtin f a charge. Cmpute Drp-dwn list: Select Split, Cmpute Buyer s Share f, r Cmpute Seller s Share f, depending n what is required. $ : Enter the ttal amunt f the charge. Frm/Thrugh: Enter the date range. = : Autmatically calculates when a date range is entered. Days f: The system calculates this field after the date range is entered. 30 Day Mnths: Select this ptin t base the prrating f this item n a 360-day year. When 30 Day Mnths is checked, PrFrm calculates the number f days the buyer r seller is respnsible fr by using 30 day mnths. 29

30 Which Includes $ That Must Pay: Only available when a Split calculatins is selected. Defaults t Buyer; this line may be used t add an additinal charge fr either the Buyer r Seller. Payff Charge This charge is cnfigured t determine a payff amunt fr a selected charge line. It may be calculated based n the Principal balance r a predetermined Payff Amunt. Calculate Lan Payff Using a Payff amunt: The Principal Balance and Interest fields are nt available by default. Lan Payff: The predetermined payff amunt. As f: The date thrugh which this payff is valid. Per diem: The per diem amunt. Days frm: Select the date frm which yu want the ttal payff calculated; defaults t Disbursement as data is entered. The Days field will calculate autmatically based n the selectin made here. Plus Extra Days: Enter any amunt f extra days t be cnsidered fr mail travel. Plus Late Fee After _/_/_: Enter the amunt f any late fee and the date after which the late fee is due. Calculate Lan Payff Using Principal Balance: This checkbx defaults unchecked. The Lan Payff field is disabled when this ptin is selected. The tw fllwing fields are made editable when this ptin is selected: Principal balance: Enter the principal balance remaining n the lan. Interest: Enter any lump sum f interest charged. Additinal Charges: Up t 10 additinal charges may be added t r subtracted frm the payff. Ttal: The ttal f all Additinal Charges displays here. Recrding Fees This charge type is based upn the frmulas cnfigured n the Recrding & Transfer Fee Frmulas screen. Once cnfigured, they may be selected with this dialg. 30

31 Dcument: Specify deed, mrtgage, release, r ne f the 3 custm Dcument types if entered n Recrding & Transfer Fee Frmulas screen. Pages: Specify a number f pages t be recrded. Other: Specify a number f ther items such as index names, cancelled dcuments, etc.). Ttals: Prvides a ttal f the Deed, Mrtgage, and Release fees. Slr%: Enter a percentage f the recrding fee paid by the seller if applicable. Transfer Tax This charge type is based upn the frmulas cnfigured in the Recrding & Transfer Fee Frmulas sectin. Once cnfigured, they may be selected with this dialg. Frmula: Select a frmula t use, including City/Cunty, State, Other 1, r Other 2. Dcument: Select Deed r Mrtgage. Prepaid This ptin prvides a Mnths field which is used t indicate the ttal number f mnths fr the prepaid amunt. The mnths entered here will default int the Re field n the charge. 31

32 Escrw These fields assist with escrw activities and functin similarly t the 1000 sectin f the HUD-1. Mnth/Payments@: Enter the number f mnths (r payments) that the Lender is requiring t be cllected up-frnt fr the initial depsit in the escrw accunt. If this escrw is being sent frm Sectin F, the per-mnth amunt will shw pre-calculated. Each: Enter amunt t be cllected each mnth/payment. This amunt will autmatically calculate when the Sectin G line has been selected as an Escrw Line n a Sectin F charge. Sectins A-J Details A. Originatin Charges Charges paid by the cnsumer t each creditr/lan riginatr fr generating and extending credit. Items listed here might include: applicatin fee, riginatin fee, underwriting fee, prcessing fee, verificatin fee, rate-lck fee, etc. The first line, labeled f Lan Amunt (Pints), is required and may nt be deleted. Yu may manually enter the percentage f pints, r select the 01 line hyperlink t access the Line Details dialg and calculate the percentage based n the lan amunt. B. Services Brrwer Did Nt Shp Fr Services that the creditr requires in cnnectin with the transactin. These items are prvided by persns ther than the creditr r mrtgage brker, and fr which the creditr des nt allw the cnsumer t shp. This may include: appraisal fees, credit reprt fees, fld determinatin fee, etc. 32

33 C. Services Brrwer Did Shp Fr Services that the creditr requires in cnnectin with the transactin. These items are prvided by persns ther than the creditr r mrtgage brker, and fr which the creditr des allw the cnsumer t shp. These items may include: pest inspectin fees, survey fees, title insurance-related fees. D. TOTAL LOAN COSTS (Brrwer-Paid) Prvides a sum f the Brrwer-Paid subttals f Sectins A-C. This ttal generally represents all csts that the creditr and mrtgage brker require f the brrwer in cnnectin with the lan transactin. These lines may nt be deleted. E. Taxes and Other Gvernment Fees This sectin details the fees paid t state and lcal gvernments, particularly taxes and ther gvernment fees fr recrding dcuments, and transfer taxes assessed against the purchase price f a real estate cntract r the lan amunt. Lines in this sectin may nly cntain ne charge per line. F. Prepaids Includes prepaid charges fr real estate prperty taxes, insurance premiums, r ther items that must be paid t insure the prperty r satisfy real estate tax bligatins befre cmpletin f the credit transactin and the real estate clsing. Line F.03 is reserved fr prepaid interest and must shw $0.00 if interest is nt cllected in advance. Line F.03 is pulled frm the Terms, Payment & Arm screen under the General Tab. The first fur lines default t Hmewner s Insurance Premium, Mrtgage Insurance Premium, Prepaid Interest, and Prperty Taxes. These lines may nt be deleted. Lines 1-3 may nt cntain multiple charges. G. Initial Escrw Payment at Clsing This is the amunt that the brrwer is expected t set aside fr the establishment f an escrw accunt. The first three lines default t Hmewner s Insurance, Mrtgage Insurance, and Prperty Taxes. These lines may nt be deleted. Lines 1-2 may nt cntain multiple charges. The Aggregate Adjustment will autmatically srt t the last line in Sectin G and may nt be deleted; enter infrmatin int the amunt fields just like any ther fees received frm the lender. Prperty Taxes cllected with different time perids may be disclsed n separate lines in this sectin r as separate charges under line G.03. H. Other This sectin is used t disclse any items that are part f the real estate clsing, but nt required by the creditr r disclsed elsewhere. These may include all real estate brkerage fees, hmewner's r cndminium assciatin charges paid at cnsummatin, hme warranties, inspectin fees, and any wner s title insurance premiums. Real estate cmmissins must be the ttal amunt paid, regardless f the retentin f any earnest mney depsit. Owner s title insurance must include Title - at the beginning f the label, as well as the parenthetical (ptinal) at the end f the label when designated brrwer-paid at r befre clsing. 33

34 I. TOTAL OTHER COSTS (Brrwer-Paid) Displays a sum f the Brrwer-Paid subttals f Sectins E-H. These lines may nt be deleted. J. TOTAL CLOSING COSTS (Brrwer-Paid) Displays a sum f the Brrwer-Paid subttals f Sectins D (Ttal Lan Csts) & I (Ttal Other Csts), ttals fr all amunts under all Brrwer-Paid, Seller-Paid, and Paid by Others, and any general credits prvided by the lender. These lines may nt be deleted. The Lender Credits descriptin is editable if additinal statements are required by the creditr n this line. Lender credits is used t specify a general credit amunt frm the lender t the brrwer and must be input manually as a negative amunt. Prcess as may be specified here. See details abve fr explanatin. 34

35 CDF Page 3 This page prvides mre detail regarding clsing csts assciated with the transactin. Calculating Cash t Clse This sectin allws the user t list any differences in the ttals between what was included in the Lan Estimate and n the Final Clsing Disclsure Frm. COLUMNS Lan Estimate: Mst fields in this clumn are manual-entry and are designated fr amunts frm the lan estimate prvided by the lender. The Lan Estimate Ttal Clsing Csts (J) amunt will be the sum f all Lan Estimate amunts and can be manually verwritten. Final: All fields in this clumn are explained in the Lines sectin belw. Did this change?: The drp-dwn list will default t Yes r N based upn any difference between what is in the Lan Estimate clumn and the Final clumn. The user may manually input a reasn fr this difference in the field t the right. Clicking the buttn at the far right pulls up a dialg fr rich-text editing. The CDF requires that certain text included in this sectin be frmatted in bld; yu can use the Field Editr dialg which prvides a frmatting tlbar: Lkup tables are nt available fr these dialgs. The default fnt set fr CDF Page 3 is Tahma, 7pt. Lines The fllwing items crrespnd with the fields that are in the Final clumn: 35

36 1. Ttal Clsing Csts (J): Same as the Ttal Brrwer-Paid Clsing Csts n CDF Page 2, Sectin J. 2. Clsing Csts Paid Befre Clsing: The sum f all Brrwer clsing csts paid befre clsing amunts. 3. Clsing Csts Financed (Paid frm yur Lan Amunt): This is a manual entry field. 4. Dwn Payment/Funds frm Brrwer: When the rder is a purchase, this field cntains the sum f lines K.01- L.02 minus any Clsing Csts Financed. When the rder is nt a purchase, this field cntains the sum f all Sectin K Payff charges, minus L.02 and any Clsing Csts Financed. An amunt is displayed if the ttal f Sectin K is greater than the ttal f Sectin L, therwise the field displays $ Depsit: Sum f all Depsit/Earnest mney entered n the Sales Price, Depsit/Earnest Mney screen. 6. Funds fr Brrwer: When the rder is a purchase, this field cntains the sum f K.01-L.02 minus any Clsing Csts Financed. When the rder is nt a purchase, this field cntains the sum f all Sectin K Payff charges, minus L.02 and any Clsing Csts Financed. An amunt is displayed if the ttal f Sectin K is less than the ttal f Sectin L, therwise it displays as $ Seller Credits: This field is the same as the L.05 Brrwer Amunt field n CDF Page Adjustments and Other Credits: When the rder is a purchase, this field cntains the sum f lines K.02, K.04- K.15 n CDF Page 3 and subtracts the sum f all nn-payff charges n lines L.03, L.04 & L.06-L.17 n CDF Page 3. When the rder is nt a purchase, this field cntains the sum f all nn-depsit lines K.02, K.04-K.15 n CDF Page 3 and subtracts the sum f all nn-payff charges n lines L.03, L.04 & L.06-L Cash t Clse: This line displays the ttals f the Lan Estimate and Final clumns. Summaries f Transactins This sectin f CDF Page 3 cntains Sectins K, L, M, and N. Unlike CDF Page 2, these sectins are nt srted alphabetically; lines may nt be added r deleted. Sectin Grids The fur grids in this sectin cntain manual-input grids. Yu are able t specify the varius credits and debits assciated with the brrwer and seller. The Credit/Debit Clumn fund in Sectins K and L may be used t specify which items shuld appear in bth brrwer and seller amunt clumns as a debit t ne and a credit t the ther. Single-sided debits and credit amunts may be specified n certain rws; sme rws are always single-sided. If an amunt is sent frm sectin K r L M r N, nthing else can be sent t the destinatin line in M r N. In this Page 3 example, an amunt titled Sample Item is being sent frm L.09 t N.09: If the user attempts t send anther charge t N.09, an errr is displayed: 36

37 A Tlerance credit drp-dwn is included in Sectin L which is used t specify if a credit amunt was given t the brrwer t ffset a tlerance vilatin. Ttals frm each sectin are displayed at the tp f each respective sectin. Line Detail Dialgs After clicking a hyperlinked line number in the CDF Page 3 grid, a Line Detail Dialg will appear. These dialgs allw yu t enter additinal details regarding a charge (ex. Credit/Debit, Tlerance, Fee Type, etc.), multiple charges that will ttal n the main line n CDF Page 3, and chse additinal calculatin charge types t autmatically calculate the charge amunt. The tw headings at the tp f the dialg identify the Sectin and Line number fr the charge currently displayed. The grid fund in the tp prtin f the dialg lists and prvides a summary f the charges present n the line being edited; details cannt be entered int this grid. Click n a grid rw t edit the charge. Additinal charges may be added r deleted by pressing the buttns fund in the upper left. The bttm prtin f the dialg cntains varius fields and drp-dwn lists fr cnfiguring line charges. There are eight calculatin types available. When adding a new charge t a line, yu must select Basic, Percent, Prratin, Payff, Recrding Fee, Transfer Tax, Prepaid, r Escrw, and then press the Details buttn t edit: 37

38 When multiple charges are added t a line, charges will be itemized n the Clsing Disclsure Addendum page and the ttal will print n the main CDF Page 3 line with a default descriptin r reference See Additinal xxx items. This default descriptin can be manually verridden. Basic Charge This is the default charge presented in the Line Detail dialg. The details buttn is nt available with this charge; the basic charge is entered directly int the Line Detail dialg. The Desc, Re, DS, T, and Address fields functin the same as the HUD lines. Brrwer/Seller: Depending n the sectin f Summaries f Transactins in which the charge appears, this rw will include either a Brrw-Paid r Seller-Paid amunt. Prcess As: Incming Fund: The amunt is cnsidered an incming fund n behalf f the brrwer r seller; use t specify mnies that shuld be brught t the clsing. This will generate a depsit in either the Receipts Register (Enterprise versin) r as a generated incming depsit (Standard versin). In Funding Check: The amunt is designated t be included in the funding check. The amunt Paid by Others will need t be added t the Funding Check if the Funding type is marked as Grss. If Funding type is marked as Net, the Funding Prceeds will adjust autmatically. Reduce Funds: The user specifies a Paid By cntact frm the drp-dwn list belw, which deducts frm the Party s check; a warning is issued if the check isn t big enugh t cver the amunt. If this ptin is selected, the Paid By field is activated and the user will need t indicate frm which pa rty the funds are being reduced. Paid By: Drp-dwn list includes ptins fr all gruped check cntacts. Credit/Debit: Specify the sectin/line fr this charge. Tlerance: This field nly appears in/applies t Sectin L. Use t specify the maximum percentage that a charge n the Clsing Disclsure may differ frm the Lan Estimate. Select Nne if the tlerance desn t apply t the charge. 38

39 Fee Type: Use t categrize the charge when transmitting file data electrnically. Percent Charge Use t calculate a percentage f the lan amunt, sales price, lan premium, r wner s premium. Use the first rw t set a percentage f lan amunt, sales price, lan premium, r wner s premium Runding t the nearest whle dllar may be specified with the checkbx. Adjustment amunts may be set n the secnd rw. Adjustment +/-: Enter a dllar amunt here; lead with a minus sign t subtract the amunt. Fr: Input a descriptin if necessary. Prratin Charge Use this ptin t prrate a charge between a buyer & seller, r calculate nly the buyer s r seller s prtin f a charge. Cmpute Drp-dwn list: Select Split, Cmpute Buyer s Share f, r Cmpute Seller s Share f, depending n what is required. $ : Enter the ttal amunt f the charge. Frm/Thrugh: Enter the date range. = : Autmatically calculates when a date range is entered. Days f: The system calculates this field after the date range is entered. 30 Day Mnths: Select this ptin t base the prrating f this item n a 360-day year. When 30 Day Mnths is checked, PrFrm calculates the number f days the buyer r seller is respnsible fr by using 30 day mnths. Which Includes $ That Must Pay: Only available when a Split calculatins is selected. Defaults t Buyer; this line may be used t add an additinal charge fr either the Buyer r Seller. Payff Charge This charge is cnfigured t determine a payff amunt fr a selected charge line. It may be calculated based n the Principal balance r a predetermined Payff Amunt. 39

40 Calculate Lan Payff Using a Payff amunt: The Principal Balance and Interest fields are nt available by default. Lan Payff: The predetermined payff amunt. As f: The date thrugh which this payff is valid. Per diem: The per diem amunt. Days frm: Select the date frm which yu want the ttal payff calculated; defaults t Disbursement as data is entered. The Days field will calculate autmatically based n the selectin made here. Plus Extra Days: Enter any amunt f extra days t be cnsidered fr mail travel. Plus Late Fee After _/_/_: Enter the amunt f any late fee and the date after which the late fee is due. Calculate Lan Payff Using Principal Balance: This checkbx defaults unchecked. The Lan Payff field is disabled when this ptin is selected. The tw fllwing fields are made editable when this ptin is selected: Principal balance: Enter the principal balance remaining n the lan. Interest: Enter any lump sum f interest charged. Additinal Charges: Up t 10 additinal charges may be added t r subtracted frm the payff. Ttal: The ttal f all Additinal Charges displays here. Recrding Fees This charge type is based upn the frmulas cnfigured n the Recrding & Transfer Fee Frmulas screen. Once cnfigured, they may be selected with this dialg. 40

41 Dcument: Specify deed, mrtgage, release, r ne f the 3 custm Dcument types if entered n Recrding & Transfer Fee Frmulas screen. Pages: Specify a number f pages t be recrded. Other: Specify a number f ther items such as index names, cancelled dcuments, etc.). Ttals: Prvides a ttal f the Deed, Mrtgage, and Release fees. Slr%: Enter a percentage f the recrding fee paid by the seller if applicable. Transfer Tax This charge type is based upn the frmulas cnfigured in the Recrding & Transfer Fee Frmulas sectin and is used fr CDF Page 2 Sectin E lines. Once cnfigured, they may be selected with this dialg. Frmula: Select a frmula t use, including City/Cunty, State, Other 1, r Other 2. Dcument: Select Deed r Mrtgage. Prepaid This ptin prvides a Mnths field which is used t indicate the ttal number f mnths fr the prepaid amunt. The mnths entered here will default int the Re field n the charge. 41

42 Escrw These fields assist with escrw activities and is used fr CDF Page 2 Sectin G lines. Mnths/Payments@ $ Each: Enter the number f mnths (r payments) that the Lender is requiring t be cllected up-frnt fr the initial depsit in the escrw accunt. If this escrw is being sent frm Sectin F, the per-mnth amunt will shw pre-calculated. Each: Enter amunt t be cllected each mnth/payment. This amunt will autmatically calculate when the Sectin G line has been selected as an Escrw Line n a Sectin F charge. Calculatins The calculatin sectin underneath sectins (K) and (L) cntains three lines: Sectin K ttal: Ttal Due frm Brrwer at Clsing. Sectin L ttal: Ttal Already Paid by/n Behalf f Brrwer at Clsing. Cash t Clse: The buttn pens the Divisin f Prceeds & 1099-S Data dialg. Frm: Checked autmatically when cash is due FROM the brrwer and a receipt is generated. T Brrwer: Checked autmatically when cash is due TO the brrwer and a disbursement is generated. Amunt: Displays the difference between Sectin K and Sectin L as a psitive amunt. The calculatin sectin underneath (M) and (N) cntains three lines: Sectin M ttal: Ttal Due t Seller at Clsing. Sectin N ttal: Ttal Due frm Seller at Clsing. Cash t Clse: 42

43 The buttn pens the Divisin f Prceeds & 1099-S Data dialg. Frm: Checked autmatically when cash is due FROM the seller and a receipt is generated. T Seller: Checked autmatically when cash is due TO the seller and a disbursement is generated. Amunt: Displays the difference between Sectin M and Sectin N as a psitive amunt. Transactins withut a Seller CDF Page 3 will shw a Payffs and Payments grid and the ptinal Calculating Cash t Clse table when the fllwing criteria are met: The Transactin type is nt Purchase ; AND The Use ptinal Clsing Disclsure frms fr transactins nt invlving seller bx is checked n the CDF Optins screen: N seller cntacts exist in the rder; AND Sales price is $0.00 Payffs and Payments This table cntains fifteen lines and is used t summarize payffs and payments t thers required with the transactin: Descriptin: Enter a descriptin f the line item. Re: Enter a mem r ther nte abut this item. DS: Select a disbursement status cde frm this drp-dwn list. T: Enter the name f the payee fr this item. Amunt: Enter the charge amunt Ttal: A ttal fr K. Ttal Payffs and Payments is displayed directly belw the grid. 43

44 Charge Detail dialgs Clicking a hyperlinked number n the left side f the Payffs and Payments grid will display the charge detail dialg fr that line. Multiple charges may be added n each line as explained abve. Calculating Cash t Clse The Calculating Cash T Clse sectin cntains fewer ptins with transactins nt invlving a seller: Lines 1. Lan Amunt: The first field is fr the estimated lan amunt; the secnd field defaults frm the final lan amunt n CDF Page 1 and the principal amunt f lan field n the Express Order Entry Screen and the Lan, Funding & PrTrust screen. 2. Ttal Clsing Csts (J): Same as the Ttal Brrwer-Paid Clsing Csts n CDF Page 2, Sectin J. 3. Clsing Csts Paid Befre Clsing: The sum f all Brrwer clsing csts paid befre clsing amunts. 4. Ttal Payffs and Payments (K): The ttal f charges input in the Payffs and Payments grid abve are displayed here alngside the estimated amunt and shuld be a negative amunt. 5. Cash t Clse: This line displays the ttals f the Lan Estimate and Final clumns. The buttn pens the Divisin f Prceeds & 1099-S Data dialg. Frm/T Brrwer: The ttals calculated the Lan Estimate and Final clumns are displayed as psitive amunts; the T checkbx will be selected if that amunt is due t the brrwer, the Frm checkbx will be selected if that amunt is due frm the brrwer. Clsing Csts Financed (Paid frm yur Lan Amunt): This is a manual entry field. 44

45 CDF Page 4 Lan Disclsures This sectin shws additinal infrmatin regarding the lan. Assumptin Select will allw if the prperty is sld r transferred t anther persn and the lender allws assumptin f the lan n the riginal terms, therwise check will nt allw. Demand Feature Select has a demand feature if the lender is permitted t require early repayment f the lan, therwise check des nt have a demand feature. Late Payment Any dllar r percent charge impsed by the lender due t a late payment, ther than a deferral r extensin charge, shuld be disclsed in this sectin. This infrmatin is the same as that fund n the Terms, Payment & ARM screen. The first and secnd fields are the same as the Late Charge after and days at fields n the Terms, Payment & ARM screen. The late fee buttn will take the user t Terms, Payment & ARM screen. Entering a late payment percentage n the Terms, Payment & ARM screen will cause this sectin t default t that percentage, as well as the verbiage f the mnthly principal and interest payment. If a late fee percentage is nt entered, but a dllar amunt is input in the Late fee field n the Terms, Payment & ARM screen, this amunt will display in the secnd field here. Negative Amrtizatin Select are scheduled t make mnthly payments if the lan will have mnthly payments that d nt pay all the interest due that mnth. Select may have mnthly payments if the lan may have mnthly payments that d nt pay all the interest due that mnth. Select d nt have if the lan des nt have negative amrtizatin. Partial Payment Select may accept payments if the lender accepts payments that are less than the full amunt due. Select may hld them in a separate accunt if the lender hlds any partial payments in a separate accunt until the remainder f the payment is received. Select des nt accept if partial payments are nt allwed. Yu may select bth may accept payments and may hld them in a separate accunt if bth are applicable t the lan. Security Interest The Security Interest disclsure will ppulate with the prperty in the rder. 45

46 Click the security interest buttn and enter any additinal security interest used t secure the credit transactin n the Additinal Security Interest dialg. Check the apprpriate page(s) n which the additinal infrmatin shuld print: Prperty: Click the prperty buttn t enter r edit the prperty address n the Prperty, Legal Descriptin screen. Escrw Accunt The lan may r may nt have an escrw accunt. Use this sectin t disclse the escrw cnfiguratin: The first radi buttn indicates that the lan will have an escrw accunt and activates the fields beneath. Input the apprpriate escrwed/nn-escrwed csts in the fields n the left side, and shrt written descriptins in the fields t the right. These fields will default frm the Estimated Taxes, Insurance & Assessments sectin n CDF Page 1 screen. 46

47 Any amunts that are entered in the Payment Infrmatin Letter dialg and have bth the Include and In Escrw checkbxes checked, will appear in the Escrwed Prperty Csts ver Year 1 sectin. If there are bth escrwed and nn-escrwed amunts, thse amunts that are entered in the prperty cst payment grid and have nly the Include checkbx checked will appear in the Nn-Escrwed Prperty Csts ver Year 1 sectin. The first ellipses buttn in this sectin will jump the user t Sectin G n CDF Page 2. The secnd buttn displays the Estimated Escrw amunt; when clicked, it will jump the user t the Estimated Escrw field n CDF Page 1. The secnd radi buttn indicates that the lan wn t have an escrw accunt. The tw sub-ptins require that the user specify why the lan will nt have an escrw accunt. The remaining fields are present t nte the estimated prperty csts and waiver fee. Estimated Prperty Csts ver Year 1 will default t the ttal f all amunts entered in the prperty cst payment grid n the Payment Infrmatin Letter screen n CDF Page 1 where the Include checkbx is checked, but In Escrw is nt checked. Adjustable Payment (AP) Table Enter any changes t the principal and interest payment, excluding changes t the interest rate, in the Adjustable Payment (AP) Table. This sectin will print n page 4 f the Clsing Disclsure frm when Yes is selected in the Interest Only, Optinal, Step, r Seasnal drp-dwns. Edit: This buttn pulls up the Adjustable Payment (AP) Table Dialg. The Interest Only rw ppulates autmatically with infrmatin specified n CDF Page 1. 47

48 Interest Only buttn: mves yu t CDF Page 1; will default t Yes when the Includes nly interest and n principal until checkbx is checked. Optinal, Step, and Seasnal payments may be specified, as well as their respective duratins. The remaining rws allw fr the user t specify when Mnthly Principal and Interest Payments begin t change, as well the amunt f fluctuatin and Maximum Payment amunt. The Principal and Interest Payments drp-dwn list is the same as the Payment Frequency field n the Term, Payment & Arm screen. First Change/Amunt: Click the buttn t edit the Principal & Interest sectin f CDF Page 1; this rw defaults with infrmatin frm that sectin. Subsequent Changes: This rw defaults with infrmatin frm the Principal & Interest sectin f CDF Page 1. Maximum Payment: Click the buttn t edit the Principal & Interest sectin f CDF Page 1; this rw defaults with infrmatin frm the Can g as high as fields. Adjustable Payment (AP) Table Dialg This dialg allws the user t view the Adjustable Payment material as it will appear in the final dcument. If necessary, the cntent in these fields may be edited and altered manually prir t rending the print dcument: Adjustable Interest Rate (AIR) Table Enter any changes t the interest rate, in the Adjustable Interest Rate (AIR) Table. This sectin will print n page 4 f the Clsing Disclsure frm when Yes is selected in the CDF Page 1 Interest Rate > Can this amunt increase after clsing drp-dwn. 48

49 Edit: This buttn pulls up the Adjustable Interest Rate (AIR) Table Dialg. This table is used t specify the details f the Adjustable Interest Rate f the lan, including maximum and minimum rates, frequency f rate changes, as well as the maximum percentage that the rate may fluctuate. Several Fields in this area are shared between screens: Margin is the same n the ARM Data screen. Initial Interest Rate is the same as Annual Interest Rate n the Terms, Payment & ARM screen and Interest Rate n the CDF Page 1 screen. The Minimum/Maximum rates are the same as the Lifetime maximum/lifetime minimum rates n the ARM Data screen as well as the fields fund in the Interest Rate sectin f the CDF Page 1 screen. Change Frequency (First/Subsequent): Click these tw buttns t edit the Interest Rate sectin f CDF Page 1; each rw defaults with infrmatin frm the Adjusts every sectin. Limits n Interest Rate Changes (First/Subsequent): These tw manual-entry fields exist t specify the maximum increases that may ccur with each peridic interest rate changes. Adjustable Interest Rate (AIR) Table Dialg This dialg allws the user t view the Adjustable Interest Rate material as it will appear in the final dcument. If necessary, the cntent in these fields may be edited and altered manually prir t rending the print dcument: 49

50 CDF Page 5 Lan Calculatins This area cntains five fields which may be filled manually. Descriptins Ttal f Payments: The final dllar amunt that the brrwer will have t pay fr the lan, including principal, interest, mrtgage insurance, and lan csts. Enter manually. Finance Charge: The dllar amunt that the lan will cst the brrwer. Enter manually. Amunt Financed: The lan amunt available t the brrwer after they pay the up-frnt finance charge. Enter manually. Annual Percentage Rate (APR): Brrwer csts ver the lan term expressed as a rate; nt the interest rate. Enter manually. Ttal Interest Percentage (TIP): Ttal amunt f interest the brrwer will pay ver the lan term as a percentage f the lan amunt. Enter manually. Other Disclsures The Other Disclsures sectin n Page 5 prints the Appraisal, Cntract Details, Liability after Freclsure, Refinance, and Tax Deductins disclsure paragraphs as required by (p). Appraisal: Check this bx t print the prperty appraisal disclsure n Page 5 f the Clsing Disclsure frm if it is required: 50

51 Liability after Freclsure: This is a required selectin. It is used t indicate t the brrwer what will happen if a lender freclses n their prperty and the freclsure desn t cver the unpaid balance n the lan: State law may prtect yu frm liability: Select this radi buttn if state law may prtect the brrwer frm liability fr the unpaid balance. State law des nt prtect yu frm liability: Select this radi buttn if state law des nt prtect the brrwer frm liability fr the unpaid balance. Cntact Infrmatin The data fr each cntact must be edited n the screen where that cntact resides; there are buttns each cntact which take the user t the screen where they may enter this infrmatin. next t Cntact Infrmatin The five clumns shwn in this sectin (Lender, Mrtgage Brker, Real Estate Brker (B), Real Estate Brker (S), and Settlement Agent) display the respective cntact and licensing infrmatin fr these rder cntacts. Infrmatin can be added r edited by clicking the buttns at the tp f each clumn. Name: Displays infrmatin frm existing cntacts n yur rder. Address: Will default autmatically t the cntact s address, if available. Missing r incrrect infrmatin fund here must be crrected by making edits n the respective cntact s screen. 51

52 NMLS ID: The Natinwide Mrtgage Licensing System & Registry number will default if this infrmatin already exists in the cntact s infrmatin. Otherwise, it must be entered n the selected rder cntact s screen. State License ID: Applies t the primary rganizatin listed in the Name rw at the tp f the clumn. The title f this rw, shwn in the far left clumn, will default autmatically based n the state in which the prperty resides. This can be manually verridden. It can always be reset back t the default heading by pressing F2. The State License ID numbers shwn acrss this rw will default if this infrmatin already exists in the cntact s infrmatin. Otherwise, it must be entered n the selected rder cntact s screen. Cntact: Names in this rw default autmatically based n what is input in the infrmatin fr the varius rder cntacts. These names will shw as primary cntact persns n the Clsing Disclsure frm. Cntact NMLS ID: Ppulates autmatically with the cntact persn s Natinwide Mrtgage Licensing System & Registry data. Missing r incrrect infrmatin here may be crrected in the crrespnding cntact persn s infrmatin. Cntact State License ID: Applies t the primary Cntact persn selected fr the rganizatin. The title f this rw, shwn in the far left clumn, will be enabled autmatically, based n the state in which the prperty resides. This can be manually verwritten. It can always be reset back t the default heading by pressing F2. The State License ID numbers shwn in this rw will default if this infrmatin already exists in the cntact s infrmatin. Otherwise, it must be entered n the selected rder cntact s screen. Ppulates autmatically with the selected primary cntact persn s address. Missing r incrrect infrmatin may be crrected n the applicable rder cntact s infrmatin. Phne: Ppulates autmatically with the selected primary cntact persn s phne number. Missing r incrrect infrmatin may be crrected n the applicable rder cntact s infrmatin. Additinal Cntacts If additinal cntacts are needed aside frm the five included in this sectin, the Additinal Cntacts buttn fund n tp f the grid may be used. The Additinal Cntacts dialg appears, allwing fr the additin f new cntacts. These cntacts will print n the Clsing Disclsure Frm Addendum page. This screen is als accessible via the General tab. 52

53 Cnfirm Receipt Yu may adjust the signature lines n the Clsing Disclsure frm by using these radi buttns: Buyer/Brrwer N signatures: If n signatures are required, select this radi buttn. The Cnfirm Receipt sectin will nt be printed. Instead, a Lan Acceptance paragraph will be printed underneath the Lan Calculatins sectin. Print Applicant & C-Applicant : Select this radi buttn if the Cnfirm Receipt sectin is required t print with the generic text Applicant, C-Applicant, and Date, under the signature lines. Selectin f this ptin will print the Cnfirm Receipt sectin and mit the Lan Acceptance paragraph. Print buyer/brrwer names: Select this radi buttn if the Cnfirm Receipt sectin is required t print with the buyer/brrwer s names under the signature lines. Selectin f this ptin will print the Cnfirm Receipt sectin and mit the Lan Acceptance paragraph The Buyer/Brrwer buttn may be clicked t access the Buyer/Brrwer Signature Lines dialg: This dialg cntains nine pairs f signature lines, as well as a drp-dwn menu at tp fr selecting the title fr the CDF: NOTE: The signatures will pull frm the Buyer/Brrwer screens. 53

54 Other Changes In additin t five pages/screens that have been added with the Clsing Disclsure Frm (CDF), the new requirements have affected several ther areas f the applicatin. Utilities PrDesign PrFrm New Order PrFrm API: Updated t create and edit CDF files. Data Cllectr: Supprt has been added fr CDF fields. Supprt has been added fr CDF fields. The CDF rder type has been added t the New File/Template dialg: Overlay Tab Selectin A CDF ptin has been added t the Overlay Tab Selectin dialg: ReadyDcs The ReadyDc Tree will remain rganized as it has been. The nly changes made with the CDF release: 54

55 The HUD-1 & Clsing flder has been renamed t Escrw & Clsing. A CDF Dcuments flder has been added. Descriptin Fields A new descriptin field has been added t: Title Insurance Premiums fr the wner s plicy, wner s additinal fee, lan plicy, & lan plicy additinal fee. Additinal title charges Endrsements This field is needed because CDF requirements specify that the prefix Title be added t all title related charges, and that the verbiage (ptinal) be added at the end f the Owner s title insurance premium. Tw examples: Title Insurance Premium: Endrsement: CDF Line drp-dwn lists & sending changes CDF Line drp-dwns have been added t every lcatin in the applicatin that a HUD-1 drpdwn was lcated. NOTE: In a cuple f areas, a checkbx has been added which wrks t send mnies like these lists. Affected screens include: Taxes (City, Cunty, Assessments) Sales Price, Depsit/Earnest Mney Increased/Additinal Depsits Lan, Funding and PrTrust Terms, Payment & ARM Builder, Cntract, & Escrw fr Cmpletin HOA/Management Cmpany Fees and Dues Security Instruments, Trustee & Riders > Mdificatin (Include n CDF L.03): Prperty, Legal Descriptin > Husehld Appliances, Fixtures, etc (K.02): Requested track items Cmmissins 55

56 Seller Prceeds These drp-dwns allw the user t send data t a specific CDF line. An ellipse buttn is lcated next t each drp-dwn s that the user may view a charge s details and make adjustments as necessary. This example shws tw types f line drp-dwns: Editable: The Purchase Mney/Seller Financing amunt may be sent t any nn-reserved line in Sectin L by using the drp-dwn. Reserved: The Depsit/Earnest Mney amunt has a reserved line (Page 3, L.01) which may nt be altered. CDF Line drp-dwn tips Sending mney t the CDF may be dne by selecting a specific line, r with the Next Available Line ptin: Mney sent t CDF Page 2 may mve t a different line than the ne selected by the user. This is because CDF regulatins require that the lines n Page 2 srt autmatically by descriptin. Fr example, the item titled 123 Pest Cntrl was manually sent t line H.04, but after adding the ther five items (A, a, B, b, C) and leaving Page 2, the six charges were alphabetized: 56

57 The exceptin t this srting requirement wuld be nn-restricted transactins, such as cmmercial transactins, hme equity lines f credit, reverse mrtgages, etc. In these situatins, the user may manually turn ff srting by using the ptins screen. A number f areas in the rder allw fr mney t be sent t the same destinatin line n the CDF; in ther wrds, they may be gruped n the same line. This is very useful with items such as title charges and endrsements. Sme lines n CDF Page 2 may nt cntain mre than ne charge per line. See Sectin A-J abve fr details n which lines are restricted t ne charge per rw. Sme lines n CDF Page 3 may nt cntain mre than ne charge per line. See abve fr details. CDF Line drp-dwn examples Here are a few examples f this new Line drp-dwn: Title Insurance > Plicy Premium, Dates, & Numbers: Additinal Title Charges: Endrsements: HOA/Management Cmpany Fees and Dues: 57

58 Using the Next Available Optin in Templates, Orders, & Lkups Templates: A template may be set with an amunt AND Sectin.xx in a line drp-dwn: When the template is verlaid it will trigger the Next available line functinality. The user can hard-cde a specific line in the line drp-dwn, but this is NOT advised. Users shuld always use Sectin.xx s that items dn't accidentally becme gruped n a line with charges already in the rder. Orders: An rder may have Sectin.xx in a line drp-dwn, but the amunt MUST be zer ($0.00): When the rder is verlaid, the Sectin.xx will verlays. Once an amunt is input, it will trigger the Next available line functinality. The user can hard-cde a specific line in the line drp-dwn, but this is NOT advised. Users shuld always use Sectin.xx s that items dn't accidentally becme gruped n a line with charges already in the rder. Lkups: The rules fr lkups fllw the tw bullets abve fr templates and rders. Template: The user may add template lkup entries with an Amunt AND Sectin.xx. Orders: The user may add rder lkup entries with Sectin.xx if the crrespnding amunt is zer. If an entry in a lkup table has a sectin set in the CDF Line drp-dwn field (i.e. - H.xx), the next available line in that sectin will be chsen when the entry is retrieved frm the lkup table. Terms, Payment & ARM: Several CDF-related changes have been made t Terms & Payment Infrmatin and Interim Interest. 58

59 The TIL buttns d nt apply t a CDF rder and n lnger appear in the upper right crner f this screen; nly the Arm Data buttn remains. 2. The Number f Payments per Year drpdwn has been changed t Payment Frequency, it nw lists the fllwing items (crrespnding numbers are listed in parentheses: Weekly (52), Bi -Weekly (26), Semi-Mnthly (6), Mnthly (12), Quarterly (4), Semi-Annually (2), and Annually (1). Changing Payment frequency changes the Ttal Number f Payments field. Fr example, the default is Mnthly and 360 Payments: When changed t Annually, the payments field changes t 30. If the Ttal Number f Payments is entered manually, then the number f Lan Years will change: 59

60 3. A Balln after term type has been added. The ptins fr this are Mnth(s), Year(s), & Payment(s). 4. A Lan Years field has been added, which is used t indicate the number f years f the lan. 5. A Payment Infrmatin buttn has been added, which displays the same new dialg that is included in the Estimated Taxes, Insurance & Assessments sectin f CDF Page A drp-dwn list has been added t specify hw interim interest is t be paid; this used t be a radi buttn. 2. The CDF Line will always default t F.03. Althugh the sectin and line cannt be changed, the ellipses buttn can be used t edit charge details. 60

61 City/Twn Taxes Tax Status and Dates: 1. The Shw Tax Figures n HUD-1 buttns have been remved and the label has been renamed Shw Tax Figured n CDF. A CDF Line drp-dwn nw appears next t Shw tax figures n CDF. 2. Amunts can be shwn as paid utside f clsing (POC). Tax Amunts: The Aggregate Payment Schedule buttn has been remved. 3. Tw CDF Line drp-dwns nw appear in this sectin: Seller s Nn-Prrated/Persnal Amunt: can be shwn as paid utside f clsing (POC). Tax Escrw: allws the user t specify a number f mnths t be escrwed CDF Figures: 4. This sectin was previusly labeled HUD 1 Page 1 Figures. 61

62 Cunty Taxes Tax Status and Dates: 1. The Shw Tax Figures n HUD-1 buttns have been remved and the label has been renamed Shw Tax Figured n CDF. A CDF Line drp-dwn nw appears next t Shw tax figures n CDF. 2. Amunts can be shwn as paid utside f clsing (POC). Tax Amunts: The Aggregate Payment Schedule buttn has been remved. 3. Tw CDF Line drp-dwns nw appear in this sectin: Seller s Nn-Prrated/Persnal Amunt: can be shwn as paid utside f clsing (POC). Tax Escrw: allws the user t specify a number f mnths t be escrwed CDF Figures: 4. This sectin was previusly labeled HUD 1 Page 1 Figures. 62

63 Assessments Tax Status and Dates: 1. The Shw Tax Figures n HUD-1 buttns have been remved and the label has been renamed Shw Tax Figured n CDF. A CDF Line drp-dwn nw appears next t Shw tax figures n CDF. 2. Amunts can be shwn as paid utside f clsing (POC). Tax Amunts: The Aggregate Payment Schedule buttn has been remved. 3. Tw CDF Line drp-dwns nw appear in this sectin: Seller s Nn-Prrated/Persnal Amunt: can be shwn as paid utside f clsing (POC). Tax Escrw: allws the user t specify a number f mnths t be escrwed CDF Figures: 4. This sectin was previusly labeled HUD 1 Page 1 Figures. 63

64 Cmmissins This screen has been restructured t wrk with the new CDF screens. Cmmissins may be may be sent frm t Sectin H.01-H.99 with the three new CDF Line Drpdwns. The Additinal Cmmissins buttn at the bttm f the screen has been remved frm this screen, as these can be manually added t the CDF. The Brker t Pay Cmmissins Directly t Other Brker ptin was remved; this can be handled with Flex Checks. A Print additinal disbursements frm brker s cmmissin n Addendum checkbx has been added t the Optins screen t cntrl hw/where these items are printed. Seller financing The CDF Line drp-dwn remains in place fr a seller financed transactin: Fr a seller-financed transactin, the default descriptin that will shw n CDF Page 3 is Purchase Mney Nte; this can be manually verridden: 64

65 Purchase mney is a Buyer Credit/Seller Debit. After the user selects a Sectin L line t send the mney t, the applicatin will autmatically select the next available line in Sectin N t create the ffsetting seller debit. Lan, Funding and PrTrust Principal Amunt f Lan: This amunt is always sent t L.02 n CDF Page 3 in CDF rders: 1. Cnstructin/Equity Line First Draw: Using this field displays the lan amunt in the RE clumn with brackets, and Puts the balance (lan amunt cnstructin draw) in the RE clumn with brackets. Fr example, here the balance is shwn as Balance:[$105,000.00]: 2. CDF Line drp-dwn: Allws the user t put the cnstructin draw n an available line in Sectin L. Appraisal Infrmatin The HUD-1 Line drpdwn list was remved frm this screen in CDF rders since it desn t invlve any amunts. Builder, Cntract, & Escrw fr Cmpletin Cntract/Escrw fr Cmpletin: A CDF Line drp-dwn has been added t the Amunt Held in Escrw and Escrw fee lines: 65

66 The default descriptins that shw are Amunt held in escrw and Escrw fee but they may be edited manually: HOA/Management Cmpany Fees and Dues A CDF Line drp-dwn has been added t each f the rws here; amunts may nly be sent t Sectin H f Page 2. Security Instruments, Trustee & Riders Mdificatin: An Include n CDF checkbx has been added: 66

67 Checking this will send the amunt shwn L.03 n CDF Page 2; Existing Lan(s) Assumed r Taken Subject t: Prperty, Legal Descriptin Husehld Appliances, Fixtures, Etc: An Include n CDF checkbx has been added. Checking this send the amunt t K.02 n CDF Page 3; Sale Price f Any Persnal Prperty Included in Sale: Requested track items A CDF Line drp-dwn has been added. If the Status drp-dwn is NOT blank, the payee and address inf will be sent t the selected CDF line. 67

68 Divisin f Prceeds & 1099-S Data A Line drp-dwn has been added t the Distributin(s) t Seller(s) sectin. This differs frm the HUD-1, which had a checkbx n line 517 fr diverting seller prceeds. Prceeds may be sent t Sectin H r N: Cash T Buyer/Brrwer: DS: Select an applicable disbursement status cde. T: Enter the name f the payee. Ttal Cash t Buyer/Brrwer: Displays the ttal cash t the Buyer/Brrwer. This is the same as the ttal cash T Brrwer fund at the bttm f CDF Page 3. Distributin(s) T Seller(s): Ttal Buyer's Part f Real Estate Taxes: The default fr this field is the ttal amunt f the buyer/brrwer's prtin f city and cunty taxes and assessments. If the seller paid taxes prir t clsing, enter the ttal amunt the buyer wes. Ttal Cash t Seller(s): The ttal amunt f cash ging t the Seller. This is the same as the Ttal cash T Seller fund at the bttm f CDF Page 3. 68

69 Name field: Will default as entered n the Seller, Officers & Signatures screen in the General tab. Percentage f Ttal: The percentage f the prceeds alltted t each Seller entered n the Seller, Officers & Signatures screen. Disb. Status: indicates hw an amunt is t be disbursed. Select ne f the fllwing cdes: Cde S Descriptin Separate, unique disbursement Funds diverted t a flex check. There are 25 flex checks available. Flex check summaries appear n Screens 25 and 26 f the HUD-1 & Clsing tab. H Held. Cash t Seller: The default fr this field is the prtin f the Ttal Cash t Seller(s) t be disbursed t this seller. If there is mre than ne seller, the ttal amunt will be divided amng them accrding t the percentage distributin alltted t each seller n the Seller, Officers & Signatures screen S Prceeds: The default fr this field is the grss prceeds t be disbursed t this seller. If there is mre than ne seller, the ttal amunt f the grss prceeds frm the sale will be divided amng them accrding t the percentage distributin alltted t each seller n the Seller, Officers & Signatures screen. NOTE: This is the grss prceeds that is t be included n the 1099-S Frm. Buyer's Part f Real Estate Tax: The default fr this field is the amunt f the buyer/brrwer's taxes t be reimbursed t this seller. If there is mre than ne seller, the ttal amunt t be reimbursed will be divided amng them accrding t the percentage distributin alltted t each seller n the Seller, Officers & Signatures screen. Prperty Services Received: Select this check bx if this seller received r will receive prperty (ther than cnsideratin treated as cash in cmputing grss prceeds) r services as part f the cnsideratin fr the prperty transferred S Given t Seller: Select this check bx if this seller has been prvided with a 1099-S at clsing S Signed: Select this check bx if this seller s signature has been btained at clsing t acknwledge receipt f a 1099-S. Exempt frm 1099 Reprting: Select this check bx if the 1099 status f this seller is Exempt. NOTE: When exprted t Pr1099, the recrd fr an Exempt seller will autmatically have its Exempt status check bx selected. IRS 1099-S Data 1099-S Descriptin: The default fr this field is the prperty address entered n the Prperty, Legal Descriptin screen f the General tab. If the prperty address is nt sufficient infrmatin fr yur purpses, enter a brief legal descriptin. IRS regulatins d nt allw entries in this f ield t exceed 39 characters. NOTE: If yu exprt the data in this file t PrTrust, the infrmatin in this field will appear in the Ledger Cmment field. Sales Price Depsit/Earnest Mney Several changes have been made here: 69

70 Cntract Sales Price: This amunt is always sent t K.01 n CDF Page Purchase Mney/Seller Financing: this amunt is always sent t Sectin L n CDF Page 3; the CDF Line Drpdwn maybe used t select an available line. 3. A line drp-dwn has been added next t the Purchase Mney/Seller Financing field, which allws the user t specify which prtin f CDF Page 3, Sectin L they wish t send the amunt t. The buttn pens the detail dialg t view the charge. 4. Depsit/Earnest Mney: This amunt is always sent t L.01 n Page 3, althugh sme charge details may be edited by using the ellipses buttn. A read-nly line drp-dwn has been added next t the Depsit/Earnest Mney field, which displays the prtin f CDF Page 3, Sectin L that the charge is being sent t. The buttn pens the charge detail dialg t view the charge and edit sme details. 5. The Mre buttn will cntinue t pull up the Increased/Additinal Depsits dialg, where Line drp-dwns and buttns have been added t accmmdate sending charges t available lines in Sectin L: 6. The Amunt Returned t Buyer is deducted frm the ttal sent t CDF Page 2, L.01 and nted in the RE field: 7. A new Excess Depsit field has als been added. Delivery & Tracking This screen and crrespnding ReadyDc prvide an audit trail f preparatin, apprval, delivery, and receiving activities f the Clsing Disclsure frm. A new ReadyDc may als be used t generate a print versin f the data 70

71 recrded here. This screen is accessed frm the truck buttn in the tlbar at the tp f the applicatin, r frm the tls drp dwn. This new screen pulls up and displays infrmatin fr the CDF currently being prepared. Status: use this drpdwn t set the status f the selected CDF. Optins include Amended, Amended Estimated, Amended Final, Estimated, and Final. Lan Estimate Delivered: specify when the lan estimate was delivered. Waiting perid waiver received fr: chse CDF and/r Right f rescissin if yu the rder can be exempted frm the waiting perid; the CDF waiver shuld rarely be used. Dates Grid: Use this grid t specify dates fr key events in the life f the CDF. CDF Deliveries: Use these grids and drpdwns t recrd the details f CDF deliveries t/frm varius parties invlved in a transactin: Delivery & Tracking Grid: Use the buttns here t add and delete CDF deliveries. After adding a rw r multiple rws, yu may select the rw and then edit the delivery details by using the ptins belw. Fur drpdwn lists allw fr the user t indicate Type: ptins include brrwer r seller. Prepared On: select a date that the CDF was prepared Prepared by/respnsible fr delivery: use these drp-dwns t select the apprpriate cntacts. Apprval Grid: Use the buttns t add apprvals t this grid and specify hw and when the CDF was apprved prir t delivery. Verbal, written, apprvals may be specified here. 71

72 Delivery Grid: Use the buttns t add deliveries t this grid t specify hw and when the CDF was delivered. Delivery methds include: Express delivery, US mail, Certified mail, , In persn. Evidence f Delivery ptins include: Express delivery tracking slip, Certified mail receipt, cnfirmatin, In persn signature, Waiting perid expired Recrding & Transfer Fee Frmulas This windw is nt new t PrFrm, but has been mdified fr use with the CDF t calculate deed, mrtgage, release, and ther dcument fees and tax/stamps. The table has ten clumns f infrmatin; each frmula is entered n a separate rw: The first tw clumns describe the Sectin: Recrding, City/Cunty Tax Stamps, State Tax Stamps, and Other Tax Stamps 1 & 2. Dcument type: Deed, Mrtgage, Release, and Other. The Per clumn explains the unit f measurement that the frmula is based upn (i.e.-dcument cst per page). The remaining clumns cntain the frmula. Frmula Input: Mst recrding fee frmulas cntain a rate schedule based n the number f pages. Per: unit f measurement that the frmula is based upn (i.e.-dcument cst per page, etc.). First: number f pages t which the first rate applies in the First clumn. 72

73 $-Cst clumn: ttal cst fr the first pages. Next: number f pages t which the next rate applies. At: cst per page which applies t the next. Next/At: a secnd set f Next and At clumns are included fr anther rate level, if applicable. RemainAt: cst per page fr any pages ver the number cvered by the frmula. Basis: The transfer charges fr these sectins are calculated using the figure specified in the Basis field. Fr deeds, the Basis field defaults t cde S (sales price). Fr mrtgages, the Basis field defaults t L (lan amunt). Enter a cde int the Basis field which represents the figure n which yu want t base the calculatin f the tax/stamps. Or, select a cde frm the Basis drp-dwn list. Lan: Select the lan t which the frmula shuld apply. Rund: Use this field t either rund up r chp the basis amunt used in the calculatin f the tax/stamp amunt. Select U fr rund up r C fr chp. Default Payee: Enter the name f the payee fr this item. An entry such as {{cunty}} Cunty Recrder s Office may be apprpriate fr this field. This will pull in the cunty name fllwed by Cunty Recrder's Office. CDF Optins The Optins screen has been updated t accmmdate CDF rders. The new and updated ptins are: Calculatin Optins Use ptinal Clsing Disclsure frms fr transactins nt invlving seller: Select this ptin t use the ptinal CDF Page 3 screen which shws Sectin K. Payffs and Payments grid and the ptinal Calculating Cash t Clse table. This ptin is typically used with refinance transactins. Srt CDF page 2 lines descriptins alphabetically: Uncheck this ptin t disable the autmatic srting f CDF Page 2 lines. Print POC cdes: Defaults checked. Causes the POC (paid utside f clsing) cdes t print n the CDF; wrks the same as a HUD-1 rder. Use Buyer/Seller Split Feature: Fr calculated r sent ver amunts n a CDF Page 2 charge, the Use buyer/seller split feature will frce a balance nly between Brrwer-Paid At Clsing with 73

74 Seller-Paid At Clsing, and Brrwer-Paid Befre Clsing with Seller-Paid Befre Clsing. It will nt frce balance Paid at Clsing with Paid Befre Clsing r Paid by Others. Title CDF Sectin Defaults This set f drp-dwn lists prvides the user with a central lcatin frm which they may set CDF line defaults fr title fees. These can be adjusted easily and will affect all fees withut needing t g t each fee individually. Nte: It is strngly recmmended that CDF line defaults be set with these ptins. Owner s plicy: Owner s plicies & wner s plicy endrsements reference this ptin t determine which sectin t default their CDF Line t. If this ptin is changed, calculated CDF Line drpdwns will default t the next available line in the newly selected sectin, but user-entered CDF Line drpdwns will remain the same, whether r nt they were manually selected r ppulated frm a lkup table. Optins: Sectin B - Services Brrwer Did Nt Shp Fr, Sectin C - Services Brrwer Did Shp Fr, and Sectin H - Other Csts. All ther title fees: Lan Plicies, Lan Plicy Endrsements, Other Plicy, Cmmitment Endrsements, and Additinal Title Charges reference this ptin t determine which sectin t default their CDF Line t. If this ptin is changed, calculated CDF Line drpdwns will default t the next available line in the newly selected sectin, but user-entered CDF Line drpdwns will remain the same, whether r nt they were manually selected r ppulated frm a lkup table. Optins: Sectin B - Services Brrwer Did Nt Shp Fr, Sectin C - Services Brrwer Did Shp Fr, and Sectin H - Other Csts. Grup endrsements: It is strngly recmmended that users cntrl selecting the CDF line via these ptins. If endrsements need t be gruped differently than the three ptins here, the user must d this manually by selecting the same line in the CDF Line drpdwns fr endrsement that need t be gruped tgether; this will grup them n CDF Page 2. Nne: Chse this default ptin if yu want each endrsement t be itemized. The CDF Line fr each Endrsement will default t the next available line in the same sectin as the parent plicy. When selected: Lan Plicy Endrsements: Will be sent t the same CDF that the parent plicy is being sent t. If the parent plicy is nt being sent t the CDF, then the sectin selected will be the ne selected in the All ther title fees drpdwn, and The CDF selected will be the ne assciated t the Lan tied t the parent plicy. Owners Plicy Endrsements: Will be sent t the same CDF that the parent plicy is being sent t. If the parent plicy is nt being sent t the CDF, then the sectin selected will be the ne selected in the Owner s plicies drpdwn, and The CDF selected will be the first CDF. Cmmitment Endrsements: will be sent t the sectin selected in the All ther title fees drpdwn, and t the first CDF. 74

75 Same Line As Parent Plicy: Chse this default ptin if yu want endrsements t be gruped n the same CDF line as its parent plicy. When selected, Lan & Owner s Plicy Endrsements default the CDF Line t the same line selected n the parent plicy. Cmmitment Endrsements default the CDF Line t the next available line in the All ther title fees sectin n the first CDF. Endrsements n the same cmmitment will be sent t the same line. Endrsements will nt default a CDF Line until the parent plicy has a CDF Line. Separate Line Frm Parent Plicy: Chse this default ptin if yu want endrsements assciated t the same plicy type t be gruped tgether in the same CDF sectin as the plicy. When selected, All Endrsements belnging t the same title prduct will be gruped n the next available line in the apprpriate sectin. Fr example, all endrsements fr the first Lan Plicy will be gruped tgether n the same CDF line in the same sectin that cntains the first Lan Plicy. The CDF and the sectin will be determined fr each prduct (Lan Plicy, Owner s Plicy, and Cmmitment) fllwing the rules described in the Nne sectin abve. Endrsements Optins fr Gruping n the CDF: Gruping Endrsements with the Optins screen: The fllwing example demnstrates hw the Same Line as Parent Plicy ptin wrks; see ptins details abve fr a descriptin f the ther tw ptins. An rder is created & the Same Line As Parent Plicy endrsement gruping ptin is set n the Optins screen: A Simultaneus Issue plicy is added. The Owner s Plicy premium is sent t H.01 (CDF Page 2) by default, as Sectin H Other Csts is the selectin in the Owner s plicy drpdwn. The Lan Plicy premium is sent t C.01 (CDF Page 2) by default, as Sectin C - Services Brrwer Did Shp Fr is the selectin in the All ther title fees drpdwn. Tw Endrsements are added t the Owner s Plicy. They are autmatically being sent t H.01, gruped with the Parent Owner s plicy. Tw Endrsements were added t the Lan Plicy. They are autmatically being sent t C.01, gruped with the Parent Lan plicy. The Title Plicy Fees and Endrsements are gruped tgether n CDF Page 1 in Sectins C & H. Nte: An itemizatin can be seen n the CDF attachment page Adjusting endrsements gruping is simple, and can be dne at any time frm the ptins screen. Default t name Default t name: Sets the default payee and name n the CDF fr all title charges. Optins include: Agent (default), Underwriter, r Title C. The default payee is the cntact assigned t receive funds in excess frm the splits dialgs. Splits & Gruped Disbursements Example: The fllwing example demnstrates hw the splits and disbursements relate t the Default t ptin: By default, the Default t name is set t Agent: 75

76 A Lan/Mtg Plicy and Owner s plicy have been added t a Simultaneus Issue plicy: The Lan/Mtg Plicy details are accessible via the mre buttn: The cntact selected in the T: drpdwn (i.e. Underwriter) will receive the split specified by the multiplier percentage in the Mult% field. Here, that is the Underwriter, and the amunt is $ The name specified in the Default t name gets the excess amunt. In this example, that amunt is $720.00, and it is sent t A. The Owner s Plicy details are accessible via the mre buttn: 76

77 The cntact selected in the T: drpdwn (i.e. Underwriter) will receive the split specified by the multiplier percentage in the Mult% field. Here, that is the Underwriter, and the amunt is $ The name specified in the Default t name gets the excess amunt. In this example, that amunt is $270.00, and it is sent t A. The Grup Disbursements screen shws the ttal f the split amunts between A and U: t A t U The CDF lines n Page 2 shw the ttal amunts f the title fees t A, the Default t name: These amunts are the ttals f the premiums and nt the breakdwn: If the CDF Optin is changed t Title C.: Then the Grup Disbursement screen will shw the excess amunt ging t T instead f A: And the DS cdes update n CDF Page 2 t shw as T instead f A: 77

78 Dcument Optins Disbursement Summary: Use this ptin t include apprval signature lines. Print additinal disbursements frm brker s cmmissin: Checking this will print details f cmmissin disbursements t a 3rd party n the CDF Addendum page; a new ReadyDc has als been added which may be used if this ptin is nt checked. If this check bx is NOT checked, then the details will print n the CDF exhibit. There is n lnger an ptin t specify particular lines. Title Insurance The new regulatins require title insurance premiums t be disclsed in a specific way n the CDF fr simultaneus issues. The lan plicy premium amunt disclsed n the Clsing Disclsure frm must reflect what the premium wuld be if it were nt a simultaneus issue. The wner s plicy premium must reflect the difference between that lan plicy premium and the ttal cst f the tw plicies under a simultaneus issue. This calculatin currently exists in GFE HUD files using the checkbx Shw full premium n 1104 fr Simultaneus Issue and in HUD files using the checkbx Shw full premium n 1109 fr Simultaneus Issue. The ability t d the calculatin was added t the CDF file using the checkbx Shw full lan premium n CDF. CDF Line Drpdwns n the Title Screens There are several ways t ppulate the CDF lines n the title screens. Since lines srt alphabetically within a given sectin n the CDF, we have added CDF sectin defaults t the CDF Optins screen. See the CDF Optins screen fr mre details. Althugh it is pssible t grup lines when cnfiguring a template r lkup table, setting CDF sectin defaults is the recmmended way fr setting the CDF lines n the title screens. Title Charge Descriptin Fields All line drp-dwns fr title charges nw include a descriptin field. CDF regulatins als require that all title charge descriptins are prefaced by the text Title add this prefix t the descriptin by default: 78

79 Premium Calculatins Plicy Premium, Dates, & Numbers: A Simultaneus Issue sectin is available with a Simultaneus Issue plicy type and appears underneath New Plicy Type in Plicy Infrmatin: Shw Bth Plicy Numbers n Bth Plicies has been mved frm the Owner s Plicy area. Shw full lan premium n CDF is the new name in the CDF file fr the HUD-1 ptin Shw full premium n 1104/1109. This ptin defaults t being checked. When checked: The new premium amunt fields will be activated: Simultaneus Issue - Full Premium and Simultaneus Issue - Net Premium. After being calculated with the new methd, they will be sent t the CDF line instead f the traditinal final premium amunts. Nte: it is strngly recmmended that setting the CDF line fr title fees be managed via the new drpdwn lists n the Optins screen underneath the Title CDF sectin defaults. Shw full lan premium n Settlement Statement and Shw full Premium n Invice default t being unchecked. Shw full premium n Settlement Statement: This checkbx is activated when Shw full premium n CDF is checked. When unchecked, the traditinal premium calculatins will appear n the Settlement Statements; when checked, the new premium amunts will appear n the Settlement Statements. Shw full premium n invice: This checkbx is activated when Shw full premium n CDF is checked. When unchecked, the traditinal premium calculatins will appear n the invice ; when checked, the new premium amunts will appear n the invice. 79

80 Owner s Plicy: The Net wner s premium is nw shwn n screen as Simultaneus Issue Net Premium. This new field is nly active n a Simultaneus Issue plicy and nly when Shw full premium n CDF is checked. The CDF Line drpdwn & Descriptin, which shw in the dialg when the Mre buttn is clicked, always appear in a CDF file. A new wner s premium titled SI net wner s premium has been added. The new SI net wner s premium is calculated using the new methd: Premium (Owner s) (traditinal wner s premium) + Premium (Lan/Mtg) (traditinal final lan premium amunt) - Simultaneus Issue Full Premium Simultaneus Issue Net Premium Lan Plicy Premium: The Simultaneus Issue - Full Premium is nw shwn n screen as Simultaneus Issue Full Premium. This new field is nly active n a Simultaneus Issue plicy and nly when Shw full premium n CDF is checked. The CDF Line drpdwn & Descriptin, which shw in the dialg when the Mre buttn is clicked, always appear in a CDF file. The Full Premium figures int the new SI net wner s premium calculatin as fllws: Premium (Owner s) (traditinal wner s premium) + Premium (Lan/Mtg) (traditinal final lan premium amunt) - Simultaneus Issue Full Premium Simultaneus Issue Net Premium 80

81 Agent/Underwriter Splits Agent and Underwriter splits are nt shwn n the CDF like they were shwn n the HUD-1. These splits wrk the same as they have n the HUD-1 if the resulting charge is paid t an Agent r Underwriter. The Agent & Underwriter gruped disbursement ttal takes int accunt splits. The fllwing example shws hw an additinal title charge may be added, split, and disbursed t an Underwriter r Agent. An Additinal Title Charge created: The charge is divided in half (50% multiplier) between the Underwriter and the cntact in the Default t name ptin, which is Agent by default) and sent t C.01: The DS cde is changed n the Charge Detail Dialg t A Agent: The resulting disbursements will include $50 t the Agent and $50 t the Underwriter. Lan, Owner s, & Other Plicy Infrmatin These three dialgs wrk the same as they have with HUD-1 rders. The main difference with the CDF is that they nw have the CDF Line drp-dwn and descriptin ptins. Additinally, the Shw full premium n 1104/

82 fr Simultaneus Issue checkbx has been remved. This screensht f the Lan/Mtg Plicy Infrmatin dialg shws these changes: Endrsements & Additinal Title Charges Endrsements and Additinal Title Charges dialgs wrk the same as they have with HUD-1 rders. The main difference with the CDF is that they nw have the Line drp-dwn ptin and descriptin fields. T see hw the default behavir is set, see the CDF Optins sectin. This example shws an endrsement with these new items, but this is hw an additinal title charge wuld appear: Preliminary Title Search This screen wrks the same as it has with HUD-1 rders. The main difference with the CDF is that it nw has a CDF Line drp-dwn and descriptin field. Nte: the field which displays Title will append whatever the user enters in the Type f Search field abve: 82

83 Additinal Fee An Additinal Fee ptin has been added t the lan and wner s plicies. It may be used fr items like Guaranty fees, State surcharges, etc. The CDF Line drp-dwn defaults frm the CDF Optins screen. The DS line defaults using the Default t name ptin n the CDF Optins screen. Hwever, the DS cde may be manually set if necessary. Once an Additinal Fee is input, the descriptin will ppulate & include the default Title prefix; it may be manually edited if necessary: Data Overlay Rules All data will verlay between the same file/verlay types; verlaying between different file types will transfer nn-cdf, nn-gfe, user-entered data. A few examples: Same file type: GFE GFE: All data will be verlaid. CDF CDF: All data will be verlaid. Differing file types: GFE CDF: HUD-specific and CDF-Specific data will be IGNORED; it will nt verlay. All user-entered data n nn-hud/nn-cdf tabs will verlay. 83

84 Chapter 3: PrFrm A t Z Overview S Data Seller Prceeds Adjusting Seller Prceeds Abstractr Title Search... Errr! Bkmark nt defined. Underwriter Prtin Of Title Charges... Errr! Bkmark nt defined. Acknwledgments... Errr! Bkmark nt defined. Adjustable Rate Mrtgage (Arm) Data Type Of ARM Rund Adjusted Rate Truth-In-Lending (TIL) Additinal Title Charges Assigning A Title Charge T A HUD-1 Line Slrpay% Feature Splitting A Charge Between The Agent And Underwriter Aut Calculatin Of Endrsements And Additinal Title Charges Appraisal Infrmatin, Appraised Value, Appraiser Assigning The Appraisal Fee T A HUD-1 Line Number Attrneys Attrney s Fees Express HUD Buyer / Brrwer Type Vesting T Add A New Entry T The Vesting Lk-Up Table Interest % Default Buyer And Seller Relatinships Buyer / Brrwer Additinal Infrmatin Buyer s Prtin Of Real Estate Taxes Clser Cmmissins Changing The Cmmissin Rate Entering Cmmissin Manually Splitting The Cmmissin Between Tw Brkers Splitting The Cst Of Cmmissin Between Buyer And Seller

85 Additinal Disbursements Frm Brker s Cmmissins Printing The Additinal Disbursements Frm Brker s Cmmissins Exhibit Additinal Disbursements Frm Brker s Cmmissins Disclsure Cmmissins With The Express HUD Optin Adjusting The Cmmissin Amunt (Express HUD) Charging The Buyer A Percentage Of Cmmissins (Express HUD) Charging The Buyer A Dllar Amunt Of Cmmissins (Express HUD) Cmmitment Data Crprate Officers Credit Card Payff Payff Details Debits And Credits Buyer Credit / Seller Debit Seller Pays A Prtin Of Clsing Csts Seller Credit / Buyer Debit Disbursement Date Discunt Pints Dcument Preparatin Fee Dcument Recrding Fees Sectin Frmulas PrFrm: VA Calculatin Runding Basis Lan Rund Earnest Mney Depsit Depsit/Earnest Mney Scenaris A Brker Is Retaining The Depsit: Increased Or Additinal Depsits Endrsements Cmbining The Endrsement Amunts T A Single Additinal Charge Escrwer Escrws Exceptins Excess Depsit FNMA/FHA/VA Riders Gift Mney Express HUD

86 Grantr/Grantee Hazard Insurance Hmewner s Assciatin Entering A Hmewner s Assciatin Fee Interest Rate Interim Interest Per Diem Number Of Decimal Digits Based On Ttal Interim Interest Legal Descriptin Imprting A Legal Descriptin Spell Checking A Legal Descriptin Lender Entering A Lender Frm The Lk-Up Table Listing Agent Lan Amunt Cnstructin/Equity Line First Draw Adjust Fr Funding Net Check Optin Lan Prceeds/Funding Amunt Lan Funding Lan Funding Scenaris A Nte Abut Net Funding Lan Funding Summary Including Lan Credits In The Funding Check Lan Discunt Splitting Between The Brrwer And Seller Lan Number Lan Officer And Lan Prcessr Lan Originatin Fee Splitting Between The Brrwer And Seller Turning On The Buyer/Seller Split Feature Lan Servicer Lan Type Management Cmpany Marketing Surce MLS Fee MLS Fee (Express HUD)

87 Mrtgage Brker And Lan Servicer Mrtgage Insurance Slrpay% TIL Mrtgage Payffs Ntary Ntary Fees Express HUD Ntes Parcel ID Payment Schedule (Truth-In-Lending) Payffs Per Diem Late Fees HUD-1 Settlement Statement Page Pest Inspectin Prperty Address Setting The Prperty Address Default Prperty Derivatin Prratin Date Prratins Tax Prratin Prrating Rents And Other Amunts Purchase Mney Recrding Date Referral Fee Refinance Payffs Restrictins Restrictive Cvenants Requirements Right T Cancel (Rescind) Date Sales Price Secnd And Third Lans Entering 2nd And 3rd Lan Data Seller Financing Seller

88 Prceeds Selling Agent Servicer Settlement Agent Settlement Date Settlement Or Clsing Fee Signature Lines Survey Tax/Map Id Taxes And Assessments Status Of Current Perid Taxes Tax Amunts Additinal Real Amunt Seller s Nn-Prrated/Persnal Amunt Additinal Persnal Amunt Ttal Tax Amunt Additinal Escrw Amunt Prepaid Tax Amunt Cmbined City & Cunty Billing Tax Disbursement HUD-1 Page 1 Figures Buyer s Prtin Of Real Estate Taxes Day Mnth Tax Prratin Optin Title Cmpany T Retrieve A Title Cmpany Frm The Lk-Up Table T Add A New Entry T A Table Title Examiner Title Examinatin Title Insurance Binder Express HUD Transactin Type Trustee, Trustee Fee And Cmmissin Type Of Business Creating A Type Of Business Lk-Up Table Adding A New Type Of Business Cde T The Lk-Up Table Retrieve A Cde Frm The Lk-Up Table Underwriter

89 Use Of Prperty User Optinal Fields Defining User Optinal Fields Yield Spread Premium Zning

90 Overview Chapter 3, PrFrm A T Z is an alphabetical reference fr entering items in PrFrm. Fr a cmplete list f items cvered in this chapter, refer t the Table f Cntents fr Chapter 3 abve. This is fr HUD and GFE Type S Data HUD-1 & Clsing tab, Divisin f Prceeds & 1099-S Data screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Divisin f Prceeds & 1099-S Data. Seller Prceeds Seller prceeds are entered as percentages n the Seller, Officers & Signatures screen. Adjusting Seller Prceeds Yu can adjust the share that is alltted t sellers by editing the Prceeds fields. Fr instance, if Seller 1 is t receive 75% f the prceeds and Seller 2 is t receive 25%: 90

91 1. Click the General tab. 2. Duble-click Seller, Officers & Signatures. 3. Put the cursr in the Prceeds field f Seller 1 and press <F2> t clear it. 4. Enter 75 and press <Tab>. 5. Put the cursr in the Prceeds field f Seller 2 and press <F2> t clear it. 6. Enter 25 and press <Tab>. Helpful Hints Yu can exprt a PrFrm file t Pr1099 t add infrmatin frm a clsing t yur 1099-S database. Yu can print Substitute 1099-S frms t submit t sellers frm PrFrm. 1. Click File/Print. 2. Duble-click SftPr ReadyDcs Tree. 3. Duble-click HUD-1 & Clsing. 4. Duble-click Tax Frms. 5. Duble-click 1099 Dcuments. 6. Click Substitute 1099-S r Substitute 1099-S w/slicitatin. 7. Click. The dcument shuld appear in the Selected ReadyDcs windw. 8. Click OK. 9. The Print dialg will appear. Click OK. Adjustable Rate Mrtgage (Arm) Data General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Click the ARM Data buttn. The ARM Data screen will appear. Enter yur ARM data in the tp sectin f the screen. The TIL- Discunted & Premium Variable Rate Transactin Data sectin will calculate fr yu. 91

92 Type Of ARM Enter the frequency f the adjustable rate change. Fr example, if the adjustable rate cycle is 36 mnths, enter 36 in the Type f ARM field and click Mnth. If it is 1 year, enter 1 and click Year. Rund Adjusted Rate Yu can chse hw yu want the adjusted rates runded. Chse N fr n runding, Nearest t rund the rate t the nearest percentage entered in the % field, r Next t rund t the next percentage. Enter the percentage t rund t in the % field. Truth-In-Lending (TIL) The Truth-In-Lending (TIL) Add-On t PrFrm cmes with a cmplete set f Truth-In-Lending dcuments and all f the screens yu need t cmplete them (accrding t 12 CFR Part 226 Regulatin Z). After installing the TIL Addn, special TIL screens will becme available in PrFrm t enter Annual Percentage Rate, finance charges, ttal amunt financed, ttal f payments, and a payment schedule. PrFrm des the wrk fr yu, calculating mst f these amunts autmatically nce a lan amunt is entered. Yu must purchase a license fr the Truth-In-Lending (TIL) Add-On and enter yur Prduct Key t be able t access TIL screens and dcuments. Fr mre infrmatin please call SftPr Sales at Itemized Title Charges Title Insurance tab, Itemized Title Charges screen. 1. Click the Title Insurance tab. 2. Duble-click Additinal Title Charges. 3. Chse a line t enter an additinal charge. (Line 1 is reserved by default fr the ttal Endrsements entered n Screen 4 f the Title Insurance tab.) 4. Enter a descriptin f the charge in the Descriptin clumn (such as Title Examinatin Fee, Title Insurance Binder, Ntary Fees). Press <Tab> and enter the amunt in the Amunt clumn. 5. Enter the plicy t which the charge is t be attached in the Plicy clumn. By default, L (Lan Plicy) will appear. Yu can change this t O (Owner s Plicy) r X (Other Plicy). Plicies are entered n Screen 1 f the Title Insurance tab. Yu can als access Additinal Title Charges by clicking the Additinal Title Charges buttn at the tp f the Title Charges screens f the HUD-1 & Clsing tab. 92

93 Assigning A Title Charge T A HUD-1 Line T assign an Additinal Title Charge t a HUD-1 line, click the Mre buttn. Fr example: A new dialg will pen. Click the arrw buttn next t the HUD-1 Line field and select a HUD-1 Line. Yu can chse frm Lines , Slrpay% Feature It is especially useful t enter charges n the Additinal Title Charges screen t take advantage f the SlrPay% split feature. Yu can assign each additinal title charge t HUD-1 Line r Yu can then g t the HUD-1 & Clsing screen and enter the percentage the Seller is t pay in the SlrPay% field. Yu can split the charge between the Agent and Underwriter. See Splitting a Charge Between the Agent and Underwriter. Splitting A Charge Between The Agent And Underwriter By default the Underwriter is disbursed 100% f the prceeds. Yu can use the Agent/ Underwriter Split fields t disburse a prtin f a title charge t the Agent. 93

94 1. Click the Mre buttn fr the charge yu want t split. 2. Put the cursr in the Multiplier field and press <F2> t blank it ut. 3. Enter the percentage f the endrsement t g t the Underwriter in the Multiplier field. Press <Tab>. Calculating the Agent s Prceeds Yu can calculate the amunt that is t be disbursed t the Agent by entering Agent in the Agent/Underwriter field. The Net Amunt: then will be disbursed t the Agent. Adjusting the Net Amunt Yu can add r subtract a straight dllar amunt frm the Net Amunt using the +/- Amunt field. Enter any dllar amunt yu want t add, r include a minus sign befre it t subtract an amunt. The Net Amunt will be recalculated autmatically. Aut Calculatin Of Endrsements And Additinal Title Charges Yu can set up yur Endrsements and Additinal Title Charges t autmatically calculate. Charges can be calculated based n the Lan Amunt, Sales Price, r a Plicy Premium (Lan, Owner s, r Other). Yu can specify a minimum charge, and add r subtract frm the aut-calculated amunt. T Set Up Aut Calculatin f an Endrsement r Additinal Title Charge: 1. Click the Title Insurance tab. 2. Duble-click the Endrsements screen r Additinal Title Charges screen. 3. Click the Mre buttn fr the item yu want. 4. Use the fields in the Calculate Charge sectin t set up aut calculatin. 94

95 Appraisal Infrmatin, Appraised Value, Appraiser General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. 3. Click the Appraisal Infrmatin buttn. 4. The Appraisal Infrmatin screen will appear. Yu can fill in the infrmatin fr the Appraiser using the Lk-up table in the Appraiser Lk-up Cde field. Yu can add yur mst cmmnly used Appraisers t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin fr mre infrmatin. Assigning The Appraisal Fee T A HUD-1 Line Number Yu can chse the HUD-1 Line Number n which yu want the Appraisal Fee recrded. Click the dwn-arrw next t the HUD-1 Line field and select frm Lines , , r Additinal Disbursement Click the G t HUD-1 Line buttn t jump t the line number t enter the fee. 95

96 Attrneys General tab, Buyer s & Seller s Attrneys screen. 1. Click the General tab. 2. Duble-click Buyer s & Seller s Attrneys. Yu can fill in the infrmatin fr the Buyer s and Seller s Attrneys using the Lk-up table in the Attrney Lkup Cde field. Yu can add yur mst cmmnly used Attrneys t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin fr mre infrmatin. Attrney s Fees HUD-1 & Clsing tab, Title Charges screen, Line Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. 3. Scrll dwn t Line 1107 t enter the Attrney s Fees. Express HUD 1. Click the HUD-1 & Clsing tab. 2. Duble-click Escrw Charges. 3. Enter the amunt wed in the Brrwer and/r Seller field f Line T disburse an amunt t the underwriter, click Mre. SEE ALSO: Additinal Title Charges.. Buyer / Brrwer General tab, Buyer/Brrwer, Officers & Signatures screen. 1. Click the General tab. 2. Duble-click Buyer/Brrwer, Officers & Signatures. 96

97 3. Enter the buyer name in the first field. If the buyer is cuple r partnership, enter the spuse/partner in the field directly belw the first name field. 4. Enter the address f the buyer in the Address fields. Enter the street address r P.O. Bx in the first field and the city, state, and zip cde in the field directly belw the first. This is the address that will appear n the HUD-1 Settlement Statement. T enter a frwarding address, click Mre and use the Additinal Buyer Address fields. 5. Click Mre t enter SSN/TIN, phne and fax numbers, frwarding address, additinal ntes, r t edit signature lines and crprate fficers. 6. Enter Vesting and Interest % text t appear n dcuments such as Warranty Deeds and Deeds f Trust. (See Vesting and Interest % ) There is rm t enter up t 9 buyers. Each buyer can be a single persn, a crpratin, r a pair such as a married cuple r partnership. SEE ALSO: Buyer/Brrwer Additinal Infrmatin. Type By default, Male will appear in the Type field when a buyer name is entered. If a spuse/partner name is entered, Plural will appear by default. Yu can change the Type field by clicking the arrw and chsing anther selectin: Vesting Enter text t describe hw the prperty is vested, t appear n dcuments such as Warranty Deeds and sme Deeds f Trust (fr example, as his sle and separate prperty, r as jint tenants). The Lk-up table cntains several entries yu can chse frm t fill the Vesting field. 97

98 T retrieve an entry frm the Vesting Lk-up Table: 1. Put the cursr in the Vesting field. 2. Press <F9> t access the table. 3. Select an entry. 4. Click Retrieve Entry. T Add A New Entry T The Vesting Lk-Up Table 1. Enter yur text int the Vesting field. 2. Press <F9> t access the table. 3. Click Insert Entry. Interest % Enter the vesting language t appear n dcuments such as Warranty Deeds and sme Deeds f Trust (fr example, as t an undivided 100% interest, r as t an undivided 1/2 interest). The Lk-up table cntains several entries yu can chse frm t fill this field. T retrieve an entry frm the Interest % Lk-up Table 1. Put the cursr in the Interest % field. 2. Press <F9> t access the table. 3. Select an entry. 4. Click Retrieve Entry. Default Buyer And Seller Relatinships When the buyer r seller type is Plural, the Relatinship fields will fill in autmatically. The wrding that appears depends n the state that is entered in the prperty address. STATE RELATIONSHIP 1: RELATIONSHIP 2: NC and wife (blank) OH and husband and wife OTHER and (blank) 98

99 T change default relatinships: 1. Click the General tab. 2. Duble-click General Optins. 3. Enter the default relatinship wrding yu want t appear. Buyer / Brrwer Additinal Infrmatin 99

100 Buyer s Prtin Of Real Estate Taxes HUD-1 & Clsing tab, Divisin f Prceeds & 1099-S Data screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Divisin f Prceeds & 1099-S Data. The default fr this field is the buyer s prtin f taxes appearing n Lines 106, 107, and 108. SEE ALSO: Taxes and Assessments. Clser General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter the clser name in the Clser field. Yu can add yur mst cmmnly used Clsers, Title Examiners, and Escrwers t the Lk-up tables. See Lkup Tables: Stre and Reuse Infrmatin fr mre infrmatin. Cmmissins HUD-1 & Clsing tab, 700 Cmmissins screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 700 Cmmissins. Express HUD users see Cmmissins with the Express HUD Optin. By default, brker cmmissin will be entered n Line 700 as 6% f the sales price. (See Sales Price. ) The ttal cmmissin amunt will be disbursed autmatically t the Listing Agent n Line

101 The payee names and addresses fr Lines 701 and 702 cpy autmatically frm the Listing (701) and Selling (702) Agents, entered n the Real Estate Agents/Brkers screen f the General tab. Changing The Cmmissin Rate 1. Put the cursr in the rate field n Line 700 and press <F2> t clear it. 2. Enter in a new rate and press <Tab> t recalculate cmmissins. Entering Cmmissin Manually Yu can enter cmmissins manually instead f having them calculated as a percentage f the sales price. 1. Put the cursr in the rate field n Line 700 and press <F2>. 2. Enter the ttal cmmissin amunt in the field after the equal sign (=). SEE ALSO: MLS Fee. Splitting The Cmmissin Between Tw Brkers There are tw ways yu can split cmmissin between tw brkers. Yu can change the percentage that the first brker receives, r change the ttal dllar amunt the first brker receives. Methd 1: 1. Put the cursr in the Cmmissin % field f Line 701. Press <F2> t clear the field. 101

102 2. Enter the new percentage the first brker is t receive. (Fr example, if the riginal rate is 6% and each brker is t receive half, enter 3.) 3. Press <Tab>. The remaining amunt will be disbursed t the secnd brker n Line 702. Methd 2: 1. Put the cursr in the Cmmissin = field f Line 701. Press <F2> t clear the field. 2. Enter the amunt the Listing (701) Brker is t receive. 3. Press <Tab>. The remaining amunt will be disbursed t the secnd brker n Line 702. Splitting The Cst Of Cmmissin Between Buyer And Seller By default, cmmissins will be charged t the seller. T split the cst f cmmissins between the buyer and seller, use ne f the fllwing methds: Methd 1: 1. Enter the percentage t be paid by the buyer in the ByrPay field f Line Press <Tab>. The amunts wed by buyer and seller will appear autmatically. 102

103 Methd 2: 1. Enter the amunt t be paid by the buyer in the Brrwer clumn f Line Press <Tab> t mve the cursr t the Seller clumn. 3. Press <F2> t blank ut the Seller amunt. Enter the new Seller amunt. Additinal Disbursements Frm Brker s Cmmissins HUD-1 & Clsing tab, 700 Cmmissins screen, Additinal Disbursements frm Brker s Cmmissins buttn. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 700 Cmmissins. 3. Click Additinal Disbursements frm Brker s Cmmissins. 4. Enter a descriptin, payee and payee address. 5. Enter the amunt t be taken ut f each brker s cmmissins. In the fllwing example, a referral fee f $1, is deducted frm the Listing Brker s cmmissin: Printing The Additinal Disbursements Frm Brker s Cmmissins Exhibit 1. Click File/Print. (Or press <Ctrl> and <P>.) The ReadyDcs Selectin dialg will appear. 2. Duble-click SftPr ReadyDcs Tree. 3. Duble-click HUD-1 & Clsing. 4. Duble-click Additinal Disbursements Exhibits. 5. Select Additinal Disb frm Brker s Cmmissins. 6. Click the >> buttn. This will make the dcument appear in the Selected ReadyDcs windw. 7. Click OK. 8. The Print dialg will appear. 9. Click OK t print. Additinal Disbursements Frm Brker s Cmmissins Disclsure G t the HUD-1 Optins t specify hw yu want additinal disbursements frm brker s cmmissins disclsed n the HUD-1 Settlement Statement. Line 703 See Add l Disb. Frm Brker Cmm. - will appear n Line 703 f the HUD-1 Settlement Statement when any Additinal Disbursements frm Brker s Cmmissins are entered. Lines Default TDI disclsure language will appear in the descriptin fields f Lines Payee names entered n the Additinal Disbursements frm Brker s Cmmissins screen will appear n 103

104 Lines If there are mre names than can fit, the text See Add l Disb. Frm Brker Cmm. will appear as the descriptin fr Line 712. Nne - N default text will fill in the descriptin fields fr Lines Cmmissins With The Express HUD Optin HUD-1 & Clsing tab, Cmmissins screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Cmmissins. Adjusting The Cmmissin Amunt (Express HUD) 1. Click the Mre buttns n Line 701 r 702 t adjust a cmmissin amunt. 2. Enter an amunt in the Adjust Cmmissin (+/-) field. T deduct an amunt frm a brker s cmmissin, enter a minus sign (-) befre it. 3. Press <Tab>. The brker s cmmissin will be recalculated in the Cmmissin = field. Fr example, yu might need t enter a fixed discunt t be given t the Listing (701) Brker fr a vlume discunt given by a relcatin firm. In this case, enter the discunt in the Adjust Cmmissin (+/-) field. Charging The Buyer A Percentage Of Cmmissins (Express HUD) 1. Click Mre n Line 703 f the Cmmissins screen. 2. Enter the percentage f the cmmissins t be paid by the buyer in the ByrPay field f Line Press <Tab>. The amunt the buyer is t pay will be calculated and appear in the Brrwer clumn. The Seller amunt will be recalculated autmatically. Charging The Buyer A Dllar Amunt Of Cmmissins (Express HUD) 1. Enter the amunt t be paid by the buyer in the Brrwer clumn f Line 703. Fr example: 2. Press <Tab> t mve the cursr t the Seller clumn. 3. Press <F2> t blank ut the Seller amunt. Enter the new Seller amunt. 104

105 Cmmitment Data Title Insurance tab, Cmmitment Data/Insureds, TX Sched D screen. 1. Click the Title Insurance tab. 2. Duble-click Cmmitment Data/Insureds, TX Sched D. 3. Enter the cmmitment effective date. 4. Select the plicies that are t be issued. T enter cmmitment data r a secnd r third lan, click 2nd Lan r 3rd Lan buttns at the tp f the screen. SEE ALSO: See Printing ReadyDcs. Crprate Officers Buyer Crprate Officers 1. Click the General tab. 2. Duble-click Buyer/Brrwer, Officers & Signatures. 3. Click Mre. 4. Click Crprate Officers. Seller Crprate Officers 105

106 1. Click the General tab. 2. Duble-click Seller, Officers & Signatures. 3. Click Mre. 4. Click Crprate Officers. Credit Card Payff Yu can enter a credit card payff as an additinal disbursement. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Additinal Disbursements Select a disbursement line t use. Enter Credit Card Payff in the Descriptin field. 4. Enter the payee name in the T field and the payee address. Fr example: If yu want PrFrm t calculate the ttal payff amunt and add per diem r late fees, r split the amunt between the buyer and seller, click Payff Details. Otherwise, enter the amunt f the payff t be paid in the Brrwer and/r Seller fields. SEE ALSO: Payff Details. Payff Details Per Diem If there is a per diem fee n tp f the payff amunt, enter it in the Per Diem field. The per diem ttal will be added autmatically t the final payff amunt. 106

107 Late Fees T enter a late fee, enter the amunt f the fee in the Plus Late Fee field. Enter the date after which the late fee will apply in the After field. Printing Payff Details Payff details are printed n the fllwing ReadyDcs that cme with PrFrm. See Chapter 9 Printing Dcuments fr help printing. Lan Payff Details Additinal Disbursements Exhibit Buyer Additinal Disbursements Exhibit Seller Additinal Disbursements Exhibit Page 3 f the HUD-1 Settlement Statement Debits And Credits Seller credits are entered n the 100 Grss Amunt Due frm Brrwer screen f the HUD-1 & Clsing tab. Buyer credits are entered n the 200 Amunts Paid by r in Behalf f Brrwer screen. If yu use the Express HUD ptin, debits and credits are entered n the Offsetting Debits/Credits screen n the HUD-1 & Clsing tab. Buyer Credit / Seller Debit Fr example, yu can enter an amunt f rent that the buyer charges the seller fr residing in the prperty past the date f clsing n Line 213. Seller Pays A Prtin Of Clsing Csts Anther example f a buyer credit fr instance, when the seller agrees t pay $1, in clsing csts, can be entered n Line 509. Seller Credit / Buyer Debit T enter a credit t the seller frm the buyer, use the 100 sectin f the HUD-1 Settlement Statement. Fr example, yu can enter a reimbursement t the seller frm the buyer fr the cst f gas t fill a gas lg fireplace using Line

108 Disbursement Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. All checks will be dated with the Disbursement Date. Fr Refinance r Equity transactins, the Disbursement Date will be adjusted autmatically t allw fr a 3-day rescissin perid. Fr Purchase transactins, the Disbursement Date will default t the Settlement Date. If a Disbursement Date is entered that is different than the Settlement Date, it will appear n the HUD-1 Settlement Statement just belw the Settlement Date n the first page. On the HUD-1A it will appear just t the right f the Settlement Date. Discunt Pints See Lan Discunt. Dcument Preparatin Fee HUD-1 & Clsing tab, Title Charges screen. (Express HUD users duble-click the Escrw Charges screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. (Express HUD users duble-click the Escrw Charges screen.) 3. Enter the fee in the n Line Yu can split the fee between the agent and underwriter by entering the amunt t be disbursed t the underwriter in the Underwriter $ field. (See Splitting a Charge Between the Agent and Underwriter. ) 108

109 Yu can split the fee between the buyer and seller using the SlrPay field. (See Turning On the Buyer/Seller Split Feature..) Dcument Recrding Fees HUD-1 & Clsing tab, 1200 Gv t Recrding & Transfer Charges screen. (Express HUD users duble-click the Gv t Recrding & Transfer Charges screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click 1200 Gv t Recrding & Transfer Charges. (Express HUD users duble-click the Gv t Recrding & Transfer Charges screen.) 3. Fr each dcument, enter the number f pages and the amunt f cst per page. The ttal will appear in the Brrwer clumn. Example: Deed 1200 Sectin Frmulas The 1200 Sectin Frmulas windw cntains frmulas used t autmatically calculate deed, mrtgage, and release dcument fees and tax/stamps. The first clumn describes the sectin number and type f dcument. The Per clumn explains what the unit f measurement the frmula is based n (fr example, the 1201 Deed frmula is based n the dcument cst per page). Mst recrding fee frmulas cntain a rate schedule based n the number f pages. Fr each dcument, enter the number f pages t which the first rate applies in the First clumn. Then enter the ttal cst fr thse first pages in 109

110 the $-Cst clumn. Enter the number f pages t which the next rate applies in the Next clumn, and enter the cst per page which applies t thse pages in the At clumn. There is a secnd set f Next and At clumns fr anther rate level. Enter the cst per page fr any pages ver the number cvered by the frmula in the RemainAt clumn Sectin Frmulas and default payees shuld be entered int a template (such as the default template) s that yu d nt have t set up frmulas with each new rder. See Editing the Default Template. PrFrm: VA Calculatin Runding The calculatins fr sectins 1202, 1203, 1204, and 1205 n the 1200 Sectin Frmulas screen nw accmmdate 6 decimal places instead f 5. The 18 fields marked belw () were expanded t handle 6 decimal places. 110

111 Basis 1202, 1203, 1204, and 1205 frmulas cntain Basis, Lan, and Rund fields. Transfer charges fr these sectins are calculated using the figure specified in the Basis field. Fr deeds, the Basis field defaults t S (sales price). Fr mrtgages, the Basis field defaults t L (lan amunt). BASIS CODE BASIS AMOUNT = S N L H M J P F Q E Sales price Sales price minus any amunt entered n Line 203 wed by the buyer/brrwer Lan amunt 125% f the lan amunt Lan amunt minus any amunt entered n Line 203 wed by the buyer/brrwer If a purchase, the basis is the lan amunt minus the ttal amunt f payffs entered n Lines 504 and 505. If a refinance r equity lan, the basis is the lan amunt minus the ttal amunt entered n Lines 104 and 105 due frm the buyer/brrwer. Purchase mney/seller financing amunt Lan amunt plus any amunt entered n Line 203 wed by the buyer/brrwer plus the purchase mney/seller financing amunt Lan amunt plus the purchase mney/seller financing amunt Sales price minus the lan amunt 1 Cnstructin/equity line first draw amunt R X G D Either the City Real Prperty Tax Value r Cunty Real Prperty Tax Value (whichever is the higher amunt). Lan amunt minus the sales price Either the City Real Prperty Tax Value, Cunty Real Prperty Tax Value, r Sales Price (whichever is the highest amunt). Chse this cde in a Refinance situatin t calculate taxes in the 1200 sectin n the difference between the Principal Balance f an existing lan and the new lan amunt. Lan PrFrm can accmmdate 1-3 lans in ne file. Select the lan that is t be used t cmpute the frmula (1, 2, 3, r All). Fr example, t calculate using the 1st Lan Amunt, select Basis Cde L and select Lan 1. Select All t use the ttal f the three lan amunts. Rund Use the Rund field t rund up r chp the amunt used in the calculatin f the tax/stamp. Enter U fr rund up r C fr chp. Earnest Mney Depsit General tab, Sales Price, Depsit/Earnest Mney screen. 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Enter the amunt f the depsit in the Depsit/Earnest Mney field. 111

112 Depsit/Earnest Mney Scenaris The depsit retained by the brker is greater than the brker s cmmissin, and the brker is bringing a check fr the difference t clsing: The depsit will be shwn as an incming fund n the Disbursement Summary. Enter the cmmissin amunt in the Prtin f Depsit Retained field. If the brker is giving the difference directly t the Seller (rather than thrugh the settlement agent), yu must enter the amunt f the excess depsit n line 501 (n the 500 Reductins In Amunt Due Seller screen f the HUD-1 & Clsing tab). If the settlement agent has already received the depsit, it will be labeled "Depsit held by Settlement Agent" n the Disbursement Summary. A Brker Is Retaining The Depsit: The amunt retained can be mre than the amunt f cmmissin nly if the difference (given directly t the Seller) is entered n line 501. Line 501 is fund n the 500 Reductin In Amunt Due Seller screen f the HUD-1 & Clsing tab. It shuld cntain the amunt actually retained by the brker (including any amunt given by the brker directly t the Seller). Line 501 shuld nt include any amunt returned directly t the Buyer. Increased Or Additinal Depsits 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Click Mre. 4. Enter a descriptin, amunt f the increased r additinal depsit. 5. Fr each depsit, yu can select a HUD-1 Settlement Statement line number n which t recrd it. Endrsements Title Insurance tab, Endrsements screen. 1. Click the Title Insurance tab. 2. Duble-click Endrsements. 3. T select an endrsement, click the checkbx in the Include clumn. 112

113 4. Select the plicy n which yu want t assign the endrsement. Enter L (Lan/Mtg), O (Owner s), r X (Other) in the Plicy field. 5. Enter the date the endrsement was issued in the DateIss clumn. Enter the effective date f the endrsement in the EffDate clumn. Enter the amunt f the endrsement in the Charge clumn. Cmbining The Endrsement Amunts T A Single Additinal Charge The ttal amunt f endrsements appears at the bttm f the Endrsements screen. Yu can chse t have this ttal amunt assigned t ne f the 10 Additinal Title Charges by selecting a line number frm the cmb bx next t the Ttal: field. Fr example, t assign the ttal endrsements amunt t Additinal Title Charge 1: Additinal Title Charges appear n the Additinal Title Charges screen f the Title Insurance tab. SEE ALSO: Additinal Title Charges. Splitting a Charge Between the Agent and Underwriter. Aut Calculatin f Endrsements and Additinal Title Charges. Escrwer General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter the Escrwer name in the Escrwer field. Yu can add yur mst cmmnly used Clsers, Title Examiners, and Escrwers t the Lk-up tables. See Lkup Tables: Stre and Reuse Infrmatin. 113

114 Escrws HUD-1 & Clsing tab, 1000 Reserves Depsited With Lender (Escrws) screen. (Express HUD users duble-click the Impunds screen.) Click the HUD-1 & Clsing tab. Duble-click 1000 Reserves Depsited With Lender (Escrws). (Express HUD users duble-click the Impunds screen.) Exceptins See Chapter 5-6, Requirements and Exceptins. Excess Depsit HUD-1 & Clsing tab, 500 Reductins in Amunt Due Seller screen, Line 501. (Express HUD users duble-click the Seller Debits screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click 500 Reductins in Amunt Due Seller. (Express HUD users duble-click the Seller Debits screen.) 3. Enter the amunt f the excess depsit n Line 501. Use Line 501 if a brker is hlding an earnest mney depsit that is greater than the brker s cmmissin and the brker is giving the excess depsit directly t the seller. The amunt f the ttal depsit (including cmmissins) shuld be entered n Line 201. Line 201 is fund n the 200 Amunts Paid by r in Behalf f Brrwer screen. 114

115 FNMA/FHA/VA Riders General tab, Security Instruments, Trustee & Riders screen. 1. Click the General tab. 2. Duble-click Security Instruments, Trustee & Riders. 3. Click the riders that are part f the lan package: T select riders fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then select riders fr the lan. Gift Mney Enter gift mney given t buyers twards the purchase f prperty n the HUD-1 & Clsing tab. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 200 Amunts Paid by r in Behalf f Brrwer. 3. Enter a descriptin (such as Gift Funds frm Parents) n Lines 204, 205 r 206. Fr example: 4. Enter Incming Fund in the Credit Frm field. 5. Enter the amunt. Express HUD 1. Click the HUD-1 & Clsing tab. 2. Duble-click Brrwer/Seller Credits. 3. Enter a descriptin (such as Gift Funds frm Parents) n Lines 204, 205 r Enter Incming Fund in the Credit Frm field. 5. Enter the amunt. Grantr/Grantee General tab, Plats, Cvenants & Cnveyance screen. 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Scrll t the bttm f the screen. Click the Mre buttn. The New Cnveyance dialg will appear. 115

116 Hazard Insurance HUD-1 & Clsing tab, 900 Items Required by Lender t be Paid in Advance screen, Line 903. (Express HUD users duble-click the Prepaid Lan Charges screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click 900 Items Required by Lender t be Paid in Advance. (Express HUD users duble-click the Prepaid Lan Charges screen.) 3. Enter the Hazard Insurance Premium n Line 903. Hmewner s Assciatin General tab, HOA/Management Cmpany screen. 1. Click the General tab. 2. Duble-click HOA/Management Cmpany. 116

117 Entering A Hmewner s Assciatin Fee 1. Click the General tab. 2. Duble-click HOA/Mgmt. C. 3. Click HOA/Mgmt. C. Fees. The Fees and Dues screen will appear. 4. Enter the cde fr the Assciatin r Management Cmpany t which the fee is t be disbursed in the DS field. Yu can enter ne f the fllwing cdes: O - Hmewner s Assciatin 1 C - Management Cmpany 1 O2 - Hmewner s Assciatin 2 C2 - Management Cmpany 2 O3 - Hmewner s Assciatin 3 C3 - Management Cmpany 3 S - Separate Check 5. Enter a descriptin f the fee. 6. Select a HUD-1 Line t recrd the fee. 7. Enter the amunt f the fee wed by the Brrwer and Seller. Interest Rate General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Enter the interest rate in the Annual Interest Rate field. Press <Tab>. The rate will be spelled ut fr yu in the Spell field. Fr example: 117

118 T enter the interest rate fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then enter the interest rate fr the lan. SEE ALSO: Lan Amunt. Interim Interest. Interim Interest General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Select hw yu want interim interest calculated. Fr example: T enter interim interest fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then enter interim interest fr the lan. Interim interest fr 2nd and 3rd lans will appear n lines 812 and 813 f page 2 f the HUD-1 Settlement Statement. Per Diem Number Of Decimal Digits Select the number f decimal places (1-6) yu want t include in the ttal interim interest. T chp rather than rund, select Chp Calculated Per Diem Rather Than Rund. Based On Yu can chse the number f days per year and mnth t use t calculate interim interest. Select frm a 360, 365, r 366-day year. T base the calculatin a 30-day mnth, click Based n 30 Day Mnths. 118

119 Ttal Interim Interest The ttal amunt f interim interest appears after the equal sign. Interim interest will als appear n the 900 Items Required by Lender t be Paid in Advance screen f the HUD-1 & Clsing tab. The ttal amunt will appear in the Brrwer clumn f Line 901. Legal Descriptin General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. 3. Scrll dwn t the bttm f the screen. There are tw legal descriptin fields: Brief and Full. The Brief Legal Descriptin: cntains three fields f 30 characters each. Yu can search fr a file using the Brief Legal Descriptin fields see Searching fr a File. The Full Legal Descriptin field is a scrllable field that can hld up t 64,000 characters f text. Imprting A Legal Descriptin With the Scrllable Field Editr, yu can imprt legal descriptins int PrFrm that have been saved in a text file frmat (.txt). 1. Click inside the Full Legal Descriptin field. 2. Click <Ctrl> and <Z> tgether. The Scrllable Field Editr will appear. 3. Click Read frm Text File. 119

120 4. Brwse fr and select the text file that cntains the legal descriptin. 5. Click Open. 6. The legal descriptin will appear inside the Scrllable Field Editr. Click OK. Spell Checking A Legal Descriptin Yu can spell check a legal descriptin field using the <F7> key. 1. Click inside the Full Legal Descriptin field and press <F7>. 2. The Check Spelling utility will appear. 120

121 3. A message will appear after the spell check is cmplete. Click OK. Lender General tab, Lender screen. 1. Click the General tab. 2. Duble-click Lender. 121

122 T enter a lender fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then enter the lender. SEE ALSO: See Lk-up Tables: Stre and Reuse Infrmatin fr help saving yur Lenders t the Lender Lk-up table fr easy retrieval. Entering A Lender Frm The Lk-Up Table 1. Click inside the Lender Lk-up Cde field. 2. Enter the cde fr the lender yu want t retrieve and press <Tab>. 3. If yu dn t knw the cde, press <F9>. 4. The Lender Lk-up table will appear. Duble-click the entry yu want. 122

123 Listing Agent General tab, Real Estate Agents/Brkers screen. 1. Click the General tab. 2. Duble-click Real Estate Agents/Brkers. 3. Enter Listing Agent infrmatin in the Listing Agent/Brker (701) sectin. Yu can access brker cmmissins by clicking the Cmmissins buttn at the tp f the screen. Fr example: Yu can fill in the infrmatin fr each brker using the Lk-up table in the Agent/Brker Lk-up Cde field. Yu can add yur mst cmmnly used Agents t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. 123

124 Lan Amunt General tab, Lan, Funding & PrTrust screen. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. Enter the principal amunt in the Principal Amunt f Lan field. Fr example: T enter a lan amunt fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then enter the amunt fr the lan. Cnstructin/Equity Line First Draw Fr cnstructin lans r equity line clsings, enter the amunt f the first draw check sent t clsing by the lender in the Cnstructin/Equity Line First Draw: and Lan Prceeds/Funding Amunt fields. If there is a cnstructin lan but n lender check is being brught t clsing, enter.00 in bth fields. The amunt entered will appear n line 207 as a credit t the buyer. The descriptin f the credit will read Cnstructin Draw. Fr example: Adjust Fr Funding Net Check Optin Select this checkbx if there is a difference between the actual lan check and the net check frm the lender. Use the Adjust fr Funding Net Check Optin if yu knw that the lender has deducted a certain amunt frm the lan check, but d nt knw exactly which items were deducted. The amunt f the lan check will be subtracted 124

125 frm the amunt f the lan. This will be the amunt f the adjustment. The adjustment amunt will be subtracted frm the lender's fees. If yu knw which items the lender deducted, enter them n the Items Payable In Cnnectin With Lan and Items Payable In Cnnectin With Lan screens f the HUD-1 & Clsing tab. Enter D in the DS fields fr each f these items. Use this methd t verify if the lender has sent yu the crrect amunt f mney. Lan Prceeds/Funding Amunt Enter the exact amunt f the lan check in the Lan Prceeds/Funding Amunt field. Be sure t check the amunt f the lan check. The full amunt f the lan may nt be sent in the lan check. The Lan Amunt will appear autmatically in the Lan Prceeds/Funding Amunt field unless an entry is made t the Cnstructin/Equity First Line Draw field. Then, the first draw amunt will appear. Lan Funding With SftPr Essential, yu can select hw lan funds are disbursed frm the Lender and Title Cmpany. PrFrm will autmatically disburse lan and title charges t the apprpriate parties depending n the setup yu chse. A Lan Funding Summary appears n several screens f the Express HUD-1 & Clsing tab. This summary is cntinually updated as new charges, deductins, and credits are entered in the file. Lan Funding Scenaris The fllwing scenaris describe six ways funding amunts can be disbursed frm the Lender and Title Cmpany t the Settlement Agent. Sme invlve nly a Lender and a Settlement Agent. In these scenaris, the Settlement Agent may act as the Title Cmpany in the clsing as well. In the ther cases, there is a separate Title Cmpany. Funds can be grss funded r net funded. Grss funding implies that there are n fees deducted frm an amunt befre it is passed n. Net funding implies that there are fees deducted. 1) Lender Grss Funds Settlement Agent In this instance, the Settlement Agent and Title Cmpany can be the same entity. (In ther wrds, there may nt be a Title Cmpany invlved in the funding f the lan.) Enter the Settlement Agent, Title Cmpany (if different frm the Settlement Agent) and Underwriter (fr splits) n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. G t the Lan, Funding & PrTrust screen f the General tab. Set the Lender Funding Type t Grss. Set the Title Cmpany Funding Type t Nne. (Lan, Funding & PrTrust Screen, General Tab): In this scenari, all lan charges will be disbursed t the Lender by default. 125

126 2) Lender Grss Funds Title Cmpany Grss Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set bth the Lender and Title Cmpany Funding Type t Grss. See example (Lan, Funding & PrTrust Screen, General Tab): Lan charges will be disbursed t the Lender by default. Fr example (Lan Charges Screen, HUD-1 & Clsing Tab): In this case, title charges will be disbursed t the Title Cmpany by default. Fr example (Title Charges Screen, HUD-1 & Clsing Tab): See the Gruped Disbursements screen f the HUD-1 & Clsing tab fr the ttals that are disbursed t each party. 3) Lender Net Funds Settlement Agent Here, the Settlement Agent and Title Cmpany can be the same entity. Enter the Settlement Agent and Underwriter (fr splits) n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender Funding Type t Net. Set the Title Cmpany Funding Type t Nne. Fr example (Lan, Funding & PrTrust Screen, General Tab): Lan charges will be deducted frm the Lender check by default. Fr example (Lan Charges Screen, HUD- 1 & Clsing Tab): 126

127 A Nte Abut Net Funding It was nted in Lan Funding Scenari 3 abve that lan charges are deducted frm the Lender check. Hwever, if yu want t include a lan charge in the Lender check, change the DS field frm the default f D (Deducted) t L (Lender). Fr example: 4) Lender Net Funds Title Cmpany Grss Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender Funding Type t Net. Set the Title Cmpany Funding Type t Grss. Lan charges will be deducted frm the Lender by default. Fr example: (Lan Charges Screen, HUD-1 & Clsing Tab) In this case, title charges will be disbursed t the Title Cmpany by default. Fr example: (Title Charges Screen, HUD-1 & Clsing Tab): See the Gruped Disbursements screen f the HUD-1 & Clsing tab fr the ttals that are disbursed t each party. 5) Lender Net Funds Title Cmpany Net Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. 127

128 Set the Lender Funding Type t Net. Set the Title Cmpany Funding Type t Net. Lan charges will be deducted frm the Lender check by default. Fr example: In this case, title charges, dcument recrding fees, and payffs will be deducted frm the Title Cmpany check by default. Fr example: (Title Charges Screen, HUD-1 & Clsing Tab): 6) Lender Grss Funds Title Cmpany Net Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender Funding Type t Grss. Set the Title Cmpany Funding Type t Net. With Title Cmpany Net Funding, PrFrm will autmatically calculate the net funding amunt. In this scenari, title charges will be deducted frm the Title Cmpany check by default, and a check will be issued t the Lender fr the lan charges. Lan Funding Summary A Lan Funding Summary appears n several screens f the HUD-1 & Clsing tab. This summary is cntinually updated as new charges, deductins, and credits are entered in the file. Funding Summary Legend 1 Lender Funding Type Grss = Lender grss funds t the Settlement Agent (if the Title Cmpany Funding Type is Nne) r Title Cmpany (if the Title Cmpany Funding Type is Grss r Net). Net = Lender net funds t the Settlement Agent (if the Title Cmpany Funding Type is Nne) r Title Cmpany (if the Title Cmpany Funding Type is Grss r Net). 128

129 Nte: Select the Funding Type n the Lan, Funding & PrTrust screen f the General tab. 2 Lan Amunt/Draw Amunt Lan Amunt entered n the Lan, Funding, & PrTrust screen f the General tab. In cnstructin lans r equity line clsings, the first draw amunt entered in the Cnstructin/Equity Line First Draw field will appear instead (1st Lan nly). 3 Deductins (-) Ttal f all amunts in the file deducted frm the lender check. 4 Credits (+) Ttal amunt f Lan Credits included in the funding check. (See Including Lan Credits in the Funding Check. ) 5 Lan Funding Amunt Lan Prceeds/Funding Amunt entered n the Lan, Funding, & PrTrust screen f the General tab. 6 Title Cmpany Funding Type Grss = Title Cmpany grss funds t the Settlement Agent. Net = Title Cmpany net funds t the Settlement Agent. Nne = N Title Cmpany invlved in the lan funding transactin (r, the Settlement Agent and Title Cmpany are the same). Nte: Select the Funding Type n the Lan, Funding & PrTrust screen f the General tab. 7 Lan Funding Amunt Lan Prceeds/Funding Amunt entered n the Lan, Funding, & PrTrust screen f the General tab. 8 Deductins (-) Ttal amunt f all items deducted by the Title Cmpany (except payffs). 9 Payff Deductins (-) Ttal amunt f Lines 104, 105, 504, and 505 that are deducted frm the Title Cmpany check, plus any payffs deducted frm the Title Cmpany check that are entered n the Additinal Disbursements screens. 10 Funding Amunt Lan Prceeds/Funding Amunt minus any deductins and payff deductins. 11 Click t access the Lan Funding Summary fr the 2nd Lan. 12 Click t access the Lan Funding Summary fr the 3rd Lan. Including Lan Credits In The Funding Check Click the HUD-1 & Clsing tab. Duble-click 200 Amunts Paid by r in Behalf f Brrwer. (Express HUD users duble-click Lan Credits.) 129

130 Enter In Funding Check in the Credit Frm field fr each credit yu want t include. Fr example: Lan Discunt HUD-1 & Clsing tab, Items Payable in Cnnectin With Lan screen. (Express HUD users duble-click the Lan Charges screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click Items Payable in Cnnectin With Lan. (Express HUD users duble-click the Lan Charges screen.) 3. Enter the Lan Discunt n Line 802. Yu can enter a lan discunt by entering a percentage in the % field, r a straight dllar amunt in the Brrwer clumn. T enter an amunt that is paid utside f clsing, manually enter the amunt in the Brrwer and/r Seller clumns and enter an asterisk in place f a decimal pint. Fr instance, enter 2,000*00 fr 2, paid utside f clsing. See Paid Outside f Clsing fr mre infrmatin. Splitting Between The Brrwer And Seller 1. Enter the percentage in the Lan Discunt % field. 2. Press <Tab>. 3. Enter the percentage the Seller is t pay in the SlrPay field. 4. Press <Tab>. With the Buyer/Seller split feature turned n, yu can manually enter the amunt the Seller is t pay, and the Brrwer amunt will be recalculated autmatically. See Turning On the Buyer/Seller Split Feature. Lan Number General tab, Lan, Funding & PrTrust screen. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. 3. Enter the Lan Number in the Lan Number field. 130

131 T enter a lan number fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then enter the lan number. Lan Officer And Lan Prcessr General tab, Lender screen. 1. Click the General tab. 2. Duble-click Lender. Scrll dwn t the Lan Officer & Prcessr sectin. Lan Originatin Fee HUD-1 & Clsing tab, Items Payable in Cnnectin With Lan screen. (Express HUD users duble-click the Lan Charges screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click Items Payable in Cnnectin With Lan. (Express HUD users duble-click the Lan Charges screen.) Yu can enter a lan riginatin fee by entering a percentage in the % field, r a straight dllar amunt in the Brrwer clumn. Fr example: 131

132 When yu enter a percentage, PrFrm will calculate the fee and it will appear in the Brrwer clumn. The default is %. T change the default, press <F2> and enter the new percentage. T enter an amunt that is paid utside f clsing, manually enter the amunt in the Brrwer and/r Seller clumns and enter an asterisk in place f a decimal pint. Fr instance, enter 2,000*00 fr 2, paid utside f clsing. See Paid Outside f Clsing fr mre infrmatin. Splitting Between The Brrwer And Seller 1. Enter the percentage in the Lan Originatin % field. 2. Press <Tab>. 3. Enter the percentage the Seller is t pay in the SlrPay field. 4. Press <Tab>. With the Buyer/Seller split feature turned n, yu can manually enter the amunt the Seller is t pay, and the Brrwer amunt will be recalculated autmatically. See Turning On The Buyer/Seller Split Feature. Turning On The Buyer/Seller Split Feature 1. Click the HUD-1 & Clsing tab. 2. Duble-click HUD-1 Optins. 3. Click Calculatin Optin 3 t turn n the Buyer/Seller split feature. Select this ptin t turn n the split feature fr Lines 703, 801, 802, 808, 901, 905, , 1204, and When activated, yu can enter a percentage the buyer r seller is t pay in the ByrPay r SlrPay field t split any charge that has been autmatically calculated and entered by PrFrm. Fr example, t split the cmmissins paid at settlement and make the buyer pay 25%, g t the 700 Cmmissins screen. (Express HUD users g t the Cmmissins screen.) The ttal cmmissins paid at settlement will appear in the Seller clumn f line 703. With the buyer/seller split feature turned n, enter 25 in the ByrPay field and press <Tab>. The buyer s amunt will be calculated autmatically and will appear in the Brrwer clumn. Lan Servicer See Mrtgage Brker and Lan Servicer. 132

133 Lan Type General tab, Lan, Funding & PrTrust screen. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. 3. Click a lan type. Fr example: Management Cmpany See Hmewner s Assciatin. Marketing Surce General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Click Marketing Surce Inf. The Marketing Surce Infrmatin screen will appear. MLS Fee HUD-1 & Clsing tab, 700 Cmmissins screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 700 Cmmissins. (If yu use the Express HUD ptin, see MLS Fee (Express HUD). ) Yu can enter an MLS fee as a percentage f the sales price r as a dllar amunt. On the 700 Cmmissins screen, enter a percentage f the sales price in the MLS Fee field. Then press <Tab> and the fee will be calculated and displayed after the equal sign (=). Or, enter a straight fee amunt in the field after the equal sign (=). 133

134 The MLS fee will be reprted n the disbursements summary and n checks, but nt n the HUD-1 Settlement Statement. Click Include MLS fee n lines 701 & 702 t reprt the fee n the HUD-1 and adjust brkers cmmissins accrdingly. MLS Fee (Express HUD) 1. Click the General tab. 2. Duble-click Cmmissins. 3. Click MLS Fee. 4. Enter a percentage f the sales price in the MLS Fee: % field. Then press <Tab> and the fee will be calculated and displayed after the equal sign (=). Or, enter a straight fee amunt in the field after the equal sign (=). 5. Select the brker respnsible fr the MLS Fee. Click Listing/701 r Selling/702. The default is Selling/702. MLS fees are reprted n the disbursements summary and n checks, but nt n the HUD-1 Settlement Statement. Click Include MLS fee n lines 701 & 702 t reprt the fee n the HUD-1 and have the cmmissins t each brker adjusted n screen. Mrtgage Brker And Lan Servicer General tab, Mrtgage Brker & Lan Servicer screen. 1. Click the General tab. 2. Duble-click Mrtgage Brker & Lan Servicer. 134

135 Yu can fill in the Mrtgage Brker and Lan Servicer infrmatin using the Lk-up tables in the Lan Servicer Lk-up Cde field and Mrtgage Brker Lk-up Cde: field. Yu can add yur mst cmmnly used brkers and servicers t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. T enter brkers and servicers fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then enter brker and servicer infrmatin fr the lan. Mrtgage Insurance HUD-1 & Clsing tab, 900 Items Required by Lender t be Paid in Advance screen. (Express HUD users duble-click the Prepaid Lan Charges screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click 900 Items Required by Lender t be Paid in Advance. (Express HUD users duble-click the Prepaid Lan Charges screen.) 3. Enter the number f mnths f mrtgage insurance. If the entry here is equal t the full term f the lan, the Life f Lan checkbx will autmatically be selected. The descriptin fr Line 902 n the HUD-1 Settlement Statement will then read MIP TtIns. fr 135

136 Life f Lan (as per Regulatin X). Otherwise, the descriptin fr Line 902 will read Mrtgage Insurance Premium. Slrpay% If the mrtgage insurance amunt is calculated autmatically, yu can split the amunt between Brrwer and Seller by entering the percentage the Seller is t pay in the SlrPay% field. Then press <Tab> and the amunts wed by the Brrwer and Seller will appear. TIL T include the amunt in the Ttal Prepaid Finance Charges, enter 1 in the TIL field: Mrtgage Insurance escrw payments are entered n the 1000 Reserves Depsited With Lender (Escrws) screen. Fr Express HUD users, depsits t the Mrtgage Insurance impund accunt are entered n the Impunds screen. Mrtgage Payffs See Payffs. Ntary General tab, Acknwledgement & Ntary screen. 1. Click the General tab. 2. Duble-click Acknwledgement & Ntary. Ntary Fees HUD-1 & Clsing tab, Title Charges screen, Line Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. 3. Enter Ntary Fees n Line Fr example: 136

137 Express HUD 1. Click the HUD-1 & Clsing tab. 2. Duble-click Escrw Charges. 3. Enter the amunt wed in the Brrwer and/r Seller field f Line T disburse an amunt t the underwriter, click Mre and enter the amunt in the Underwriter $ field. SEE ALSO: T disburse a prtin f the charge t the underwriter, see Underwriter Prtin f Title Charges. Ntes General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter ntes abut the file in the Order Ntes field. Use this scrllable field fr miscellaneus cmments abut the clsing file. T insert a line cntaining the current date, time, and user name, press <Ctrl+A>. SEE ALSO: Like all scrllable fields, yu can edit the infrmatin in the Order Ntes field using the Scrllable Field Editr. See Scrllable Field Editr fr mre infrmatin. 137

138 Parcel ID See Tax/Map ID. Payment Schedule (Truth-In-Lending) General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Click the TIL-Payment Schedule buttn. Once the lan amunt and the terms and payment infrmatin are entered, the TIL-Payment Schedule will be calculated fr yu autmatically. If yu want t enter yur wn payment schedule, click Manual Entry f Payment Schedule. Yu can enter 17 additinal payments by clicking the Additinal Payments buttn at the bttm f the screen. SEE ALSO: Truth-In-Lending (TIL). Payffs First and Secnd Mrtgages: HUD-1 & Clsing tab, 500 Reductins in Amunts Due Seller screen. (Express HUD users duble-click the Seller Lan Payffs screen.) Lines 504 and 505 are reserved fr payffs such as Mrtgages. 138

139 Per Diem If there is a per diem fee n tp f the payff amunt, enter it in the Per Diem field. The per diem ttal will be added autmatically t the final payff amunt. Late Fees T enter a late fee, enter the amunt f the fee in the Plus Late Fee field. Enter the date after which the late fee will apply in the After field. HUD-1 Settlement Statement Page 3 Payff details appear n Page 3 f the HUD-1 Settlement Statement, Page 3. Page 3 cmes as a ReadyDc that yu can print frm PrFrm. See Printing ReadyDcs. Refinance Payffs:HUD-1 & Clsing tab, 100 Grss Amunt Due frm Brrwer screen, Lines 104 and 105. (Express HUD users duble-click the Brrwer Lan Payffs screen.) Additinal Payffs: HUD-1 & Clsing tab, Additinal Disbursements 1-12 and Additinal Disbursements screens. When cmpleting a refinance, yu may need t enter mre than 2 payffs. Yu can enter up t 24 SEE ALSO: additinal payffs n the Additinal Disbursements 1-12 and screens. See Credit Card Payff fr an example. Credit Card Payff. Payff Details. Pest Inspectin HUD-1 & Clsing tab, 1300 Additinal Settlement Charges screen. (Express HUD users duble-click the Disbursements screen.) 139

140 1. Click the HUD-1 & Clsing tab. 2. Duble-click 1300 Additinal Settlement Charges. (Express HUD users duble-click the Disbursements screen.) 3. Enter the amunt f the pest inspectin in the Brrwer and/r Seller clumns. Enter the name and address f the inspectr in the T and Addr fields. The DS field will default t S (Separate Check). Enter 1 in the TIL field t include the inspectin amunt in the ttal prepaid finance charges. With Order Tracking, yu can track the status f the pest inspectin by entering it as a Requested Track ItemRequested_Track_Items>Main. See Requested Track Items. Prperty Address General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. Setting The Prperty Address Default 1. Click the General tab. 2. Duble-click General Optins. 3. Click the arrw next t the Prperty Address Default field and make a selectin. Frm means that the address yu select will fill in the prperty address. T means that yu will manually enter the prperty address, and this will fill in the ther address yu select. Select Nne t turn ff the prperty address default ptin. Prperty Derivatin General tab, Plats, Cvenants & Cnveyance screen. 140

141 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Use the Prperty Derivatin sectin. Prratin Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. The default fr the Prratin Date is the Disbursement Date. Prratins Yu can divide amunts (such as prperty taxes, insurance premiums, rental incme, and Hmewner s Assciatin dues) between the buyer and seller prprtinately t time f use r the date f clsing. Tax Prratin 1. Select a tax status (By default, T Be Paid by Buyer is selected.) 2. Enter the dates that make up the current tax perid. SEE ALSO: Status f Current Perid Taxes. Prrating Rents And Other Amunts Use the fields prvided n lines 109 and 110 (amunts due frm buyer), r 213 and 214 (amunts paid by buyer) fr prratins. Fr example: 141

142 Purchase Mney General tab, Sales Price, Depsit/Earnest Mney screen. 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Enter Purchase Mney in the Purchase Mney/Seller Financing field. Fr example: Enter any amunt laned t the Buyer/Brrwer by the Seller. This amunt will shw n lines 208 and 508 f the HUD-1 Settlement Statement. Fr interim interest, use lines 213 r 214 n the 200 Amunts Paid By Or In Behalf Of Brrwer screen f the HUD-1 & Clsing tab. SEE ALSO: Interim Interest. Recrding Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. The recrding date is used as the date f the deed r ther instrument cnveying the title t the prperty. The default fr the Recrding Date field is the Disbursement Date. 142

143 Referral Fee See Additinal Disbursements frm Brker s Cmmissins. Refinance Payffs See Payffs. Restrictins General tab, Plats, Cvenants & Cnveyance screen. 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Scrll t the bttm f the screen. Click the Mre buttn. 4. Use the Restrictins field n the New Cnveyance dialg that appears. Restrictive Cvenants General tab, Plats, Cvenants & Cnveyance screen. 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Use the Restrictive Cvenants sectin. Requirements See Chapter 5, Requirements and Exceptins. 143

144 Right T Cancel (Rescind) Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. The right t cancel date is the deadline by which any cancellatin ntice must be sent. This date is usually calculated as three business days after the settlement date. It cannt, hwever, fall n a Sunday r federal hliday. This date will appear n the Ntice f Right t Cancel as the cancellatin date. Sales Price General tab, Sales Price, Depsit/Earnest Mney screen. 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Enter the sales price in the Cntract Sales Price field. Fr example: Yu d nt need t type cmmas r dllar signs ($) when entering prices. Secnd And Third Lans PrFrm fr Windws can accmmdate three lans and ne HUD-1 Settlement Statement in ne file. Yu can generate lan-specific dcuments (such as a Cmmitment r Security Instrument) fr up t three lans as well as the dcuments that pertain t ne entire clsing (like the HUD-1 Settlement Statement r Disbursement Summary). Entering 2nd And 3rd Lan Data T enter secnd and third lan data click the 2nd Lan and 3rd Lan buttns that appear n several screens in PrFrm. The fllwing example shws yu where t enter lan data fr a secnd lan. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. 144

145 3. Click 2nd Lan. SEE ALSO: Printing Dcuments fr a Secnd r Third Lan. Seller Financing See Purchase Mney. Seller General tab, Seller, Officers & Signatures screen. 1. Click the General tab. 2. Duble-click Seller, Officers & Signatures. 3. Enter the name f seller in the first field. If the buyer is cuple r partnership, enter the spuse/partner in the field directly belw the first name field. 4. Enter the address f the seller in the Address fields. Enter the street address r P.O. Bx in the first field and the city, state, and zip cde in the field directly belw the first. This is the address that will appear n the HUD-1 Settlement Statement. T enter a frwarding address, click Mre and use the Additinal Seller Address fields. 5. If necessary, change the seller Type. By default, Male will appear fr single sellers and Plural will appear if a secnd name is entered. 6. Click Mre t enter SSN/TIN, phne and fax numbers, frwarding address, additinal ntes, r t edit signature lines and crprate fficers. 7. Enter Vesting and Interest % text t appear n dcuments such as Warranty Deeds and Deeds f Trust. (See Vesting and Interest % ). There is rm t enter up t 9 sellers. Each seller can be a single persn, a crpratin, r a pair such as a married cuple r partnership. 145

146 A large scrllable screen will pen when yu click Mre. Use the scrll bars t access fields at the bttm f the screen such as Additinal Seller Address / Numbers and Ntes. See Buyer / Brrwer Additinal Infrmatin. Prceeds The percentage f prceeds derived frm the sale fr a seller appears in the Prceeds field. The percentages in these fields will appear n the Divisin f Prceeds & 1099-S Data screen f the HUD-1 & Clsing tab. If there is mre than ne seller entered, the prceeds will be apprtined equally amng all sellers. The prceeds can be changed but they must ttal 100%. See Seller Prceeds fr mre infrmatin. SEE ALSO: 1099-S Data. Buyer/Brrwer. Default Buyer and Seller Relatinships. Selling Agent General tab, Real Estate Agents/Brkers screen. 1. Click the General tab. 2. Duble-click Real Estate Agents/Brkers. 3. Enter Selling Agent infrmatin in the Selling Agent/Brker (702) sectin. Fr example: Yu can access brker cmmissins by clicking the Cmmissins buttn at the tp f the screen. Fr example: Yu can fill in the infrmatin fr each brker using the Lk-up table in the Agent/Brker Lk-up Cde field. Yu can add yur mst cmmnly used Agents t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. Servicer See Mrtgage Brker and Lan Servicer. 146

147 Settlement Agent General tab, Settlement Agent, Underwriter, Offices screen. 1. Click the General tab. 2. Duble-click Settlement Agent, Underwriter, Offices. Yu can fill in Settlement Agent infrmatin using the Lk-up table in the Settlement Agent Lk-up Cde field. Yu can add yur mst cmmnly used Agents t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. Settlement Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter the Settlement Date and press <Tab>. The Disbursement, Prratin, and Recrding Dates will fill in autmatically with the Settlement Date. Calculatins that made n ther screens, such as tax and title charge prratins, are based n the settlement date. Fields linked t the Settlement Date will be recalculated autmatically whenever the settlement date is changed. Yu may edit infrmatin in a field that has been filled in autmatically. Hwever, nce yu make a manual entry t such a field, it will n lnger be updated autmatically if the settlement date is changed. T restre the link between the field and the settlement date, press <F2> in the field t clear the manual entry and then press <Tab>. 147

148 Settlement Or Clsing Fee HUD-1 & Clsing tab, Title Charges screen, Line (Express HUD users duble-click the Escrw Charges screen.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. (Express HUD users duble-click the Escrw Charges screen.) 3. Enter the Settlement Fee n line Fr example: In this example, the Settlement Fee was entered n the Additinal Title Charges screen and assigned t HUD-1 Line Then, 50 was entered in the SlrPay% field t split the fee evenly between the Brrwer and Seller. SEE ALSO: T enter additinal title charges, see Additinal Title Charges. T disburse a prtin f the charge t the underwriter, see Underwriter Prtin f Title Charges. Yu can change hw an amunt is disbursed by making a change t the DS field. See Disbursement Status Fields. Signature Lines General tab, Buyer/Brrwer, Officers & Signatures and Seller, Officers & Signatures screens. 1. Click the General tab. 2. Duble-click Buyer/Brrwer, Officers & Signatures r Seller, Officers & Signatures. 3. Scrll dwn t the bttm f the screen and click Signature Lines. Anther way t get t buyer and seller signature lines is t click Mre n the main buyer r seller screen, and then Signature Lines. Survey HUD-1 & Clsing tab, 1300 Additinal Settlement Charges screen. (Express HUD users duble-click Disbursements.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click 1300 Additinal Settlement Charges. (Fr Express HUD users, duble-click Disbursements.) 3. Enter the amunt f the survey in the Brrwer and/r Seller clumns. Enter the name and address f the surveyr in the T and Addr fields. The DS field will default t S (Separate Check). Enter 1 in the TIL field t include the inspectin amunt in the ttal prepaid finance charges. 148

149 With Order Tracking, yu can track the status f the pest inspectin by entering it as a Requested Track ItemRequested_Track_Items>Main. See Requested Track Items. Tax/Map Id If map and parcel numbers are required n any printed dcument, yu can use the Tax/Map ID and Parcel ID fields. They are fund n the Prperty, Legal Descriptin screen f the General tab. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. Taxes And Assessments HUD-1 & Clsing tab, City/Twn Taxes, Cunty Taxes, r Assessments screens. (Express HUD users duble-click the Taxes & Assessments screen.) The tax screens are fr current perid taxes nly. If yu have past due taxes, use Lines , Lines , 517, r 518.Lines Click the HUD-1 & Clsing tab. 2. Duble-click City/Twn Taxes, Cunty Taxes, r Assessments. (Express HUD users duble-click the Taxes & Assessments screen.) 3. Enter hw taxes are t be paid in the Status f Current Perid Taxes field. (See Status f Current Perid Taxes ). 4. Enter the Real Prperty Tax Amunt. Fr example: 5. Press <Tab>. Status Of Current Perid Taxes T Be Paid by Buyer - The buyer/brrwer is respnsible fr paying current perid taxes later in the tax perid. The seller's prtin f the taxes will be shwn n lines 210 and 510 (city taxes), 211 and 511 (cunty taxes), and 212 and 512 (assessments). Pay/Paid by Seller - The seller is t pay (r has already paid) current perid taxes. The buyer/brrwer's prtin f the taxes will be shwn n lines 106 and 406 (city taxes), 107 and 407 (cunty taxes), and 108 and 408 (assessments). N Prratin/ Escrw Only - N prratin f taxes will be dne at clsing. Taxes will be escrwed. 149

150 Ttal Tax Amunt - The ttal tax amunt will be paid at clsing. Nte that the buyer/brrwer's and seller's prtins may be shwn n Page 1 (n lines 106 and 510) r Page 2 (n lines 809 r 1303) f the HUD-1 Settlement Statement. Select where yu want tax amunts shwn frm the Shw Tax Figures n HUD-1 field. Seller's Prtin - Only the seller's prtin f taxes will be paid t the taxing authrity at clsing. Taxes will appear n the HUD-1 Settlement Statement accrding t the selectin made in the Shw Tax Figures n HUD-1 field. Buyer's Prtin - Only the buyer/brrwer's prtin f taxes will be paid t the taxing authrity at clsing. Taxes will appear n the HUD-1 Settlement Statement accrding t the selectin made in the Shw Tax Figures n HUD-1 field. Tax Amunts Cmpute Tax Amunts Using D nt select any when yu want t manually enter tax amunts. Click the Rates & ValuesRates_Values>Main checkbx t use tax rate and tax value frmulas t autmatically calculate tax amunts. Click the Cmbined BillingCmbined_City_Cunty_Billing>Main checkbx t use the cmbined city and cunty billing frmula. Real Prperty Tax Amunt Enter the amunt f real prperty tax. This amunt shuld crrespnd t the Current Tax Perid dates. Additinal Real Amunt Enter any additinal real prperty tax amunt t be paid, such as deferred taxes. This amunt will be prrated between the buyer and seller. Yu can enter a brief descriptin f the amunt in the Fr field. Seller s Nn-Prrated/Persnal Amunt Enter the seller s ttal persnal tax amunt. This amunt will nt be included in the prratin f taxes. It shuld include any amunts fr which the seller alne is 100% respnsible. Include any late payment amunts, past due amunts, late fees, r any amunt fr which the buyer shuld nt be held liable. Additinal Persnal Amunt Enter any additinal persnal r nn-prrated amunt f the seller. This amunt will be added t the Seller s Nn- Prrated/Persnal Amunt and included in the calculatin f the ttal tax amunt. Yu can enter a brief descriptin f the amunt in the Fr field. Ttal Tax Amunt The default fr this field is the sum f the real tax amunts and seller s nn-prrated/persnal amunts. Additinal Escrw Amunt Enter any additinal escrw amunt. This amunt will be added t the ttal tax amunt t calculate the Escrws t be Based n Tax Amunt field. Yu can enter a brief descriptin f the amunt in the Fr field. 150

151 Escrws t be Based n Tax Amunt Enter the ttal amunt f taxes t be escrwed. The default fr this field is the sum f the Ttal Tax Amunts: and Additinal Escrw Amunt fields. Prepaid Tax Amunt Enter the amunt f taxes pre-paid by the seller. This amunt will be included in the ttal buyer s part f real estate taxes t be reimbursed t the seller n the Divisin f Prceeds and 1099-S Screen. Tax figures can be shwn as Paid Outside f Clsing (POC) by clicking Shw Tax Figures as POC. Rates & Values When the Rates & Values checkbx is selected, taxes will be calculated accrding t the tax rate and value frmulas set up n the Rates & Values screen. T set up tax rates and values, click the Rates & Values buttn. The Rates & Values dialg will appear. Tax Rate The default fr the Tax Rate is per field is 100. Enter the increments in which the tax rate is t be applied in this field. Select the checkbx Rund Tax Value Up befre Using Rate t have tax values runded up befre the rate structure is applied. Then, enter the base tax rate fr the applicable jurisdictin in the Base Tax Rate field. The base tax rate must match the tax perid. Next, enter the amunt f any additinal tax rate in the Plus Additinal Rate field. Fr example, if there is an addn tax f $.05 per $ t be applied in additin t the tax being entered, enter.05 in this field. Enter a brief descriptin in the Fr field. Fr example: Enter the escrw tax rate in the Escrw Tax Rate field. This rate is used in the calculatin f the amunt f taxes t escrw the buyer/brrwer. The default fr this field is the base tax rate. 151

152 Tax Values Enter the real prperty tax value in the Real Prperty Tax Value field. Or, enter the percentage f the sales price (in decimal equivalent) that yu want t use t calculate the real prperty tax value in the Sales Price X field. Fr example, if the real prperty tax value equals 85% f the sales price, enter.85. Enter the seller s persnal prperty tax value in the Persnal Prperty Tax Value field. This amunt will be used t charge the seller and credit the buyer n Lines 215 and 515. Enter the escrw tax value in the Escrw Tax Value field. Or, enter the percentage f the sales price (in decimal equivalent) that yu want t use t calculate the escrw tax value. Cmbined City & Cunty Billing When the Cmbined Billing checkbx is selected, the tax rates n the city and cunty Rates & Values screens will be used t divide the tax amunts prprtinately between the city and cunty. T set up the cmbined billing ptin, click the Cmbined Billing buttn. The Cmbined Billing dialg will appear. Tax Disbursement Specify hw taxes shuld be disbursed in the Tax Disbursement sectin. HUD-1 Page 1 Figures 152

153 HUD-1 Page 1 Figures are entered autmatically. Dates and amunts are derived frm the current tax perid, the number f days fr which the seller is respnsible (based n the Seller's Prtin is: and Days f fields), and the ttal real prperty tax amunt t be prrated. Dates and amunts will appear in this sectin nly if Page 1 has been selected in the Shw Tax Figures n HUD-1 field. By default, Page 1 is selected. Otherwise, tax amunts will appear n Line 809 r 1303 depending n the selectin that is made. Yu can chse t shw tax figures n Lines 809 r 1303 if yu select ne f the Pay at Clsing ptins. Buyer s Prtin Of Real Estate Taxes If the Status f Current Perid Taxes is Pay/Paid by Seller, Pay at Clsing Ttal Amunt, r Pay at Clsing Buyer s Prtin, the buyer s prtin f real estate taxes will appear n the Divisin f Prceeds & 1099-S Data screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Divisin f Prceeds & 1099-S Data. The default fr this field is the buyer s prtin f taxes appearing n Lines 106, 107, and Day Mnth Tax Prratin Optin Select the 30 Day Mnths ptin t base the prrating f taxes n a 360-day year. When selected, PrFrm will calculate the number f days the buyer r seller is respnsible fr using 30 day mnths. T turn n 30-Day Mnth Prrating: Click 30 Day Mnths in the Tax Status and Dates sectin. Title Cmpany General tab, Sett. Agent, Title C., Underwriter, Offices screen. 1. Click the General tab. 2. Duble-click Sett. Agent, Title C., Underwriter, Offices. T Retrieve A Title Cmpany Frm The Lk-Up Table 1. Put the cursr in the Title Cmpany Lk-up Cde field. 2. Press <F9> t access the table. 153

154 3. Select an entry. 4. Click Retrieve Entry. T Add A New Entry T A Table 1. Enter infrmatin int the Title Cmpany fields that yu want t include in the entry. 2. Enter a cde fr the entry in Lk-up Cde field. 3. Press <F9> t access the table. 4. Click Insert Entry. Title Examiner General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter the Title Examiner name in the Title Examiner field. The Clser, Title Examiner, and Escrwer fields are great places t create Lk-up tables. Yu can add yur mst cmmnly used Clsers, Title Examiners, and Escrwers t the Lk-up tables. See Lk-up Tables: Stre and Reuse Infrmatin. Title Examinatin HUD-1 & Clsing tab, Title Charges screen, Line (Fr Express HUD users, duble-click Escrw Charges.) 1. Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. (Fr Express HUD users, duble-click Escrw Charges.) 3. Enter the Title Examinatin n Line Fr example: Express HUD 1. Click the HUD-1 & Clsing tab. 2. Duble-click Escrw Charges. 3. Enter the amunt wed in the Brrwer and/r Seller field f Line

155 4. T disburse an amunt t the underwriter, click Mre and enter the amunt in the Underwriter $ field. Title Insurance Binder HUD-1 & Clsing tab, Title Charges screen, Line Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. 3. Enter the amunt wed in the Brrwer and/r Seller field f Line T disburse an amunt t the underwriter, enter the amunt in the Underwriter $ field. Express HUD 1. Click the HUD-1 & Clsing tab. 2. Duble-click Escrw Charges. 3. Enter the amunt wed in the Brrwer and/r Seller field f Line T disburse an amunt t the underwriter, click Mre and enter the amunt in the Underwriter $ field. SEE ALSO: T enter additinal title charges, see Additinal Title Charges. T disburse part f the charge t the underwriter, see Underwriter Prtin f Title Charges. Yu can change hw an amunt is disbursed by making a change t the DS field. See Disbursement Status Fields. Transactin Type General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter Purchase, Refinance, r Equity in the Transactin Type field. Fr example: Trustee, Trustee Fee And Cmmissin General tab, Security Instruments, Trustee & Riders screen. 1. Click the General tab. 2. Duble-click Security Instruments, Trustee & Riders. 155

156 3. Enter the trustee name. (The Type field will default t Male. T change the type, select Female, Plural, Crpratin, r Other.) 4. Enter the text fr the "f " clause t be printed n any dcument that requires a trustee name with such a clause. 5. Enter street address r P.O. Bx in the first Address field. Enter the city, state, & zip in the secnd field. 6. Enter the trustee s fee percentage and the minimum amunt f cmmissin. T enter a trustee fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen. Trustee infrmatin is stred in the Lender Lk-up table. When adding a new lender that has a standard trustee t the Lender Lk-up table, enter the trustee infrmatin first befre entering the lender infrmatin. Then add the lender t the Lk-up table and the trustee infrmatin will be saved with it. Type Of Business General tab, Express Order Entry r Marketing Surce Infrmatin screens. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Click Marketing Surce Inf. The Marketing Surce Infrmatin screen will appear. Yu can create a Lk-up table fr this field and stre all f yur mst cmmn business cdes. Creating A Type Of Business Lk-Up Table 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Click Marketing Surce Inf. 156

157 4. Click inside the Type f Business field. 5. Press <Ctrl+L> r <F9>. 6. Click Yes t create a new Lk-up table. 7. The Create/Edit Lk-up Table windw will appear. Click OK. 8. Click Clse. Adding A New Type Of Business Cde T The Lk-Up Table 1. Make an entry t the Type f Business field. Fr example: 2. Press <Ctrl+L> r <F9>. 3. The TYPEOF BUS Lk-up Table windw will appear. Click Insert Entry. 4. Click Clse. Repeat steps 1-4 t add all f yur business cdes. Retrieve A Cde Frm The Lk-Up Table 1. Press <Ctrl+L> r <F9> in the Type f Business field. 2. Duble-click the entry yu want frm the Lk-up table. Or, select the entry and click Retrieve Entry. Underwriter General tab, Settlement Agent, Underwriter, Offices screen. 1. Click the General tab. 2. Duble-click Settlement Agent, Underwriter, Offices. 157

158 Yu can fill in the infrmatin fr the Underwriter using the Lk-up table in the Underwriter Lk-up Cde field. Yu can add yur mst cmmnly used Underwriters t the Lk-up table, and retrieve them by simply entering a cde. Lk-up Tables: Stre and Reuse Infrmatin. Use Of Prperty General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. Prperty Use, Occupatin, and Zning fields are fund n this screen: If yu select Other, yu can enter a brief descriptin in the text field prvided. User Optinal Fields General tab, User Optinal Fields 1-25 and screens. 1. Click the General tab. 2. Duble-click User Optinal Fields 1-25 r fr blank scrllable text fields, r User Optinal Fields fr blank number and date fields. Yu can create yur wn text, number, and date fields n the User Optinal Fields screens f the General tab. These can be referenced in merge dcuments r custm-made ReadyDcs, ther fields, r Lk-up table entries. Defining User Optinal Fields T define a user ptinal field, first enter a descriptin f the field in the Descriptin clumn. Then, enter the text, numeric value, r date fr the field in the Value clumn. Fr example: 158

159 These fields can be referenced in yur WrdPerfect and MS Wrd merge dcuments and custm-made ReadyDcs just like any ther SftPr field. Yu can set up ptinal fields in a template t save yu typing time with each new rder. SEE ALSO: PrFrm Field Names. Creating a Merge Dcument, in Chapter 10 f the SftPr Administratin Guide. Yield Spread Premium With PrFrm, it is easy t enter a yield spread premium, r any amunt paid t the Servicer r Mrtgage Brker by the Lender that is deducted frm the Lender s prceeds. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. 3. Enter the amunt f the yield spread premium in the first Disburse frm Lan Prceeds field. (There are tw lines available fr amunts t be disbursed frm the Lender s prceeds t the servicer r mrtgage brker.) 4. Chse either Servicer r Mtg Brker t receive the prceeds. 5. Enter Yield Spread Premium in the fr field. T enter a yield spread premium fr Lan 2 r Lan 3, click 2nd Lan r 3rd Lan at the tp f the screen first and then enter the premium fr the lan. Zning See Use f Prperty. 159

160 160

161 Chapter 4: PrFrm HUD A t Z Overview Amunts Paid By Or In Behalf Of The Brrwer Tlerance Cure Lan Credits S Data Seller Prceeds Adjusting Seller Prceeds s Items Payable In Cnnectin With Lan Line 801: Our Originatin Charge Line 802: Yur Credit Or Charge (Pints) Fr The Specific Rate Chsen Line 803: Yur Adjusted Originatin Charges GFE Clumn Fr 800 s Lines Reserves Depsited With Lender (Escrws) GFE Clumn Fr 1000 s Taxes Slrpay Checkbx Hmewner s And Mrtgage Insurance Escrws Aggregate Methd Title Charges Screen Title Services Slrpay% Feature Slrpay Checkbx Underwriter Prtin Of Title Charges Itemized Title Charges Assigning A Title Charge T A HUD-1 Line Splitting A Charge Between The Agent And Underwriter Aut Calculatin Of Endrsements And Itemized Title Charges Settlement Or Clsing Fees GFE Clumn Fr 1100 s Owner s And Lender s Title Insurance Gv t Recrding & Transfer Charges Sectin Frmulas PrFrm: VA Calculatin Runding Additinal Settlement Charges Acknwledgments

162 Adjustable Rate Mrtgage (Arm) Data Type Of ARM Rund Adjusted Rate Truth-In-Lending (TIL) Appraisal Infrmatin, Appraised Value, Appraiser Assigning The Appraisal Fee T A HUD-1 Line Number Attrneys Buyer / Brrwer Type Vesting Interest % Default Buyer And Seller Relatinships Buyer/Brrwer Additinal Infrmatin Buyer s Prtin Of Real Estate Taxes Clser Cmmissins Changing The Cmmissin Rate Entering Cmmissin Manually Splitting The Cmmissin Between Tw Brkers Splitting The Cst Of Cmmissin Between Buyer And Seller Additinal Disbursements Frm Brker s Cmmissins Printing The Additinal Disbursements Frm Brker s Cmmissins Exhibit Additinal Disbursements Frm Brker s Cmmissins Disclsure Cmmitment Data Cmparisn Of Gd Faith Estimate (GFE) & HUD-1 Charges Tlerance Crprate Officers Credit Card Payff Payff Details Debits And Credits Buyer Credit / Seller Debit Seller Pays A Prtin Of Clsing Csts Seller Credit / Buyer Debit Disbursement Date Discunt Pints Earnest Mney Depsit Depsit/Earnest Mney Scenaris

163 Increased Or Additinal Depsits Endrsements Escrwer Exceptins Excess Depsit Fnma/Fha/Va Riders Grantr/Grantee Hmewner s Assciatin Entering A Hmewner s Assciatin Fee Interest Rate Interim Interest Per Diem Number Of Decimal Digits Based On Ttal Interim Interest Legal Descriptin Imprting A Legal Descriptin Spell Checking A Legal Descriptin Lender Entering A Lender Frm The Lk-Up Table Listing Agent Lan Amunt Cnstructin/Equity Line First Draw Adjust Fr Funding Net Check Optin Lan Prceeds/Funding Amunt Lan Funding Lan Funding Scenaris A Nte Abut Net Funding Lan Number Lan Officer And Lan Prcessr Lan Servicer Lan Type Management Cmpany Marketing Surce MLS Fee Mrtgage Brker And Lan Servicer Mrtgage Insurance

164 TIL GFE Clumn Slrpay Checkbx Mrtgage Payffs Ntary Ntes Parcel Id Payment Schedule (Truth-In-Lending) Payffs Per Diem Late Fees HUD-1 Settlement Statement Page PrIndx Exprt Data Prperty Address Setting The Prperty Address Default Prperty Derivatin Prratin Date Prratins Tax Prratin Prrating Rents And Other Amunts Purchase Mney Recrding Date Referral Fee Refinance Payffs Restrictins Restrictive Cvenants Requirements Right T Cancel (Rescind) Date Sales Price Seller Financing Seller Prceeds Selling Agent Servicer Settlement Agent Settlement Date

165 Signature Lines Tax/Map Id Taxes And Assessments Status Of Current Perid Taxes Tax Amunts HUD-1 Line Rates & Values Cmbined City & Cunty Billing Tax Disbursement HUD-1 Page 1 Figures Buyer s Prtin Of Real Estate Taxes Day Mnth Tax Prratin Optin Title Cmpany T Retrieve A Title Cmpany Frm The Lk-Up Table T Add A New Entry T A Table Title Examiner Transactin Type Trustee, Trustee Fee And Cmmissin Type Of Business Creating A Type Of Business Lk-Up Table Adding A New Type Of Business Cde T The Lk-Up Table Retrieve A Cde Frm The Lk-Up Table Underwriter Use Of Prperty User Optinal Fields Defining User Optinal Fields Yield Spread Premium Zning

166 Overview Chapter 4, PrFrm GFE HUD A T Z is an alphabetical reference fr entering items in PrFrm. Each entry cntains infrmatin abut where t enter the item, pictures t guide yu, and SEE ALSO references. 200 Amunts Paid By Or In Behalf Of The Brrwer HUD-1 & Clsing tab, 200 Amunts Paid by r in Behalf f the Brrwer screen. Tlerance Cure Enter the amunt the lender wes the brrwer fr the difference between the Charges That in Ttal Cannt Increase Mre Than 10% r Charges That Cannt Increase HUD amunts and the actual ttals. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 200 Amunts Paid by r in Behalf f Brrwer. 3. Enter a descriptin n ne f the lines 204, 205, 206, 215, 216, 217, and 218 in the first field. 4. Select the apprpriate sectin within the Credit Frm drp-dwn list. 5. Enter the amunt. Fr example: Nte: If an item frm the Tlerance Cure drp-dwn list is selected, the amunt entered flws t page 3 f the HUD-1 Settlement Statement and Cmparisn f Gd Faith Estimate Charges (GFE) and HUD-1 Charges in the apprpriate sectin as a credit t shw the tlerance has been cured. The Tlerance Cure crrectin can als be input in the receipts and/r disbursement register. These fields are used if the settlement agent is nt handling the funds but the registers need t be balanced. 1. Click either the Receipts r Disbursement Register buttn. 2. Click in the Tlerance Cure field. 3. Enter a value in the field, which places the value in the Tlerance Cure field fr bth areas. Lan Credits These lines can be used fr lan credits such as gift mney given t buyers twards the purchase f prperty n the HUD-1 & Clsing tab. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 200 Amunts Paid by r in Behalf f Brrwer. 3. Enter a descriptin (such as Gift Funds frm Parents) n Lines 204, 205 r 206. Fr example: 4. Select a Credit Frm in the drp-dwn list. 5. Enter the amunt S Data HUD-1 & Clsing tab, Divisin f Prceeds & 1099-S Data screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Divisin f Prceeds & 1099-S Data. 166

167 Seller Prceeds Seller prceeds are entered as percentages n the Seller, Officers & Signatures screen n the General tab. Adjusting Seller Prceeds Yu can adjust the share that is alltted t sellers by editing the Prceeds fields. Fr instance, if Seller 1 is t receive 75% f the prceeds and Seller 2 is t receive 25%: 1. Click the General tab. 2. Duble-click Seller, Officers & Signatures. 3. Put the cursr in the Prceeds field f Seller 1 and press <F2> t clear it. 4. Enter 75 and press <tab>. 5. Put the cursr in the Prceeds field f Seller 2 and press <F2> t clear it. 6. Enter 25 and press <tab>. Yu can exprt a PrFrm file t Pr1099 t add infrmatin frm a clsing t yur 1099-S database. See Exprting a File frm PrFrm t Pr1099. Yu can print Substitute 1099-S frms t submit t sellers frm PrFrm. 7. Click File/Print. 8. Duble-click SftPr ReadyDcs Tree. 9. Duble-click HUD-1 & Clsing. 10. Duble-click Tax Frms. 11. Duble-click 1099 Dcuments. 167

168 12. Click Substitute 1099-S r Substitute 1099-S w/slicitatin. 13. Click. The dcument shuld appear in the Selected ReadyDcs windw. 14. Click OK. 15. The Print dialg will appear. Click OK. See Keeping Track f Seller 1099-S Frms fr mre infrmatin. 800 s Items Payable In Cnnectin With Lan Line 801: Our Originatin Charge HUD-1 & Clsing tab, Items Payable in Cnnectin With Lan screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Items Payable in Cnnectin With Lan. 3. Click the Mre buttn fr line 801, which displays the 801 Our riginatin charge split screen. 4. Enter the ttal amunt f the charges n Line 1 r use the additinal lines t shw the breakdwn f the charges in the screen. Only the ttal f all the charges print n the page 2 f the HUD-1 Settlement Statement; hwever, the breakdwn prints n the Attachment. T see the breakdwn f the charges n page 2 (n lines ) f the HUD-1 Settlement Statement, select a HUD-1 line frm the Breakdwn HUD-1 drp-dwn list. 5. Click the Clse buttn and the ttal fr the Our riginatin charges displays n line 801, utside the clumn. T enter an amunt that is paid utside f clsing (P.O.C.), manually enter the amunt in the clumn and enter an asterisk in place f a decimal pint. Fr instance, enter 2,000*00 fr 2, paid utside f clsing. See Paid Outside f Clsing fr mre infrmatin. On line 801, yu can enter a lan riginatin pint that is included in the Our riginatin charge amunt, by entering a percentage in the % field, r a straight dllar amunt in the $ field. The amunt prints n line 801 n page 2 f the HUD-1 Settlement Statement fr IRS purpses, but it des nt affect the cllective ttal n line 801. Fr example: Line 802: Yur Credit Or Charge (Pints) Fr The Specific Rate Chsen HUD-1 & Clsing tab, Items Payable in Cnnectin With Lan screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Items Payable in Cnnectin With Lan. 3. Click the Mre buttn fr line 802, which displays the 802 Yur credit r charge split screen. 4. Enter the ttal amunt f the charges n Line 2 r use the additinal lines t shw the breakdwn f the charges in the screen. T see the breakdwn f the charges n page 2 (n lines ) f the HUD-1 Settlement Statement, select a HUD-1 line frm the Breakdwn HUD-1 drp-dwn list. 5. Click the Clse buttn and the ttal fr the charges displays n line 802, utside the clumn. 168

169 T enter an amunt that is paid utside f clsing (P.O.C.), manually enter the amunt in the clumn and enter an asterisk in place f a decimal pint. Fr instance, enter 2,000*00 fr 2, paid utside f clsing. See Paid Outside f Clsing fr mre infrmatin. On line 802, yu can enter a discunt pint that is included in Yur credit r charges (pints) fr the specific interest rate chsen amunt, by entering a percentage in the % field, r a straight dllar amunt in the $ field. This amunt nly prints n line 802 n page 2 f the HUD-1 Settlement Statement fr IRS purpses and des nt affect the cllective ttal n line 802. Fr example: Line 803: Yur Adjusted Originatin Charges The cmbined ttal fr 801 and 802 displays n line 803. This amunt can be a psitive r negative number. If yu want the seller t pay the full amunt in the field as part f seller-paid clsing csts, click the SlrPay checkbx. This amunt will autmatically flw t line 209 f the HUD-1. GFE Clumn Fr 800 s The GFE clumn displays the individual GFE amunts that flw t page 3 f the HUD-1 Settlement Statement r screen 22 Cmparisn f Gd Faith Estimate (GFE) and HUD-1 Charges t the sectin selected in the GFE type drpdwn. The default GFE type fr lines is can t increase and the remaining 800 lines default is up t 10%. Lines Any additinal items payable in cnnectin with the lan are entered n lines 804 thrugh 820. Lines are hardcded fr the appraisal fee, credit reprt, tax service, and fld certificatin. The DS cdes n lines default t S fr Net Funding and D fr Grss funding. HUD-1 & Clsing tab, Items Payable in Cnnectin With Lan screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Items Payable in Cnnectin With Lan. 3. G t lines 804 thrugh Fill ut the fields and enter a value in the Brrwer clumn. If yu want the seller t pay the full amunt in the field as part f seller-paid clsing csts, click the SlrPay checkbx. This amunt will autmatically flw t line 209 f the HUD Reserves Depsited With Lender (Escrws) GFE Clumn Fr 1000 s The GFE clumn displays the individual GFE amunts that flw t page 3 f the HUD-1 Settlement Statement r screen 22 Cmparisn f Gd Faith Estimate (GFE) and HUD-1 Charges t the sectin selected in the GFE type drpdwn. The default GFE type is can change and the frm GFE line is 9. Taxes The tax amunt is shwn in line 1004 unless a new line was specified n the City/Twn, Cunty, and/r Assessments screen. The taxes can als be placed n line 1005 and line 1006 if specified in the Tax screens. 169

170 SEE ALSO: Taxes and Assessments Slrpay Checkbx The seller pays the amunt in the field as part f the Buyer s clsing csts if the SlrPay checkbx is selected. This amunt will autmatically flw t line 209 f the HUD-1. Hmewner s And Mrtgage Insurance Lines 1002 & 1003 are used t enter hmewner s and mrtgage insurance. Escrws HUD-1 & Clsing tab, 1000 Reserves Depsited With Lender (Escrws) screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 1000 Reserves Depsited With Lender (Escrws). SEE ALSO: Aggregate Methd Aggregate Methd 1. Enter the date f first payment n the Terms, Payment & ARM screen f the General tab. 2. G t the 1000 Reserves Depsited With Lender (Escrws) screen. 3. Select Use Aggregate Methd. 4. Enter the number f mnths f cushin selected by the lender in the Cushin Basis field. The Aggregate adjustment amunt will autmatically calculate and prefill n line D nt select Use Aggregate Methd if yur lender has perfrmed the aggregate analysis and has given yu the escrw amunts t be entered manually. Enter the individual escrw amunts in the Brrwer r Seller clumn n the apprpriate lines, then enter the adjustment in the apprpriate clumn n line

171 1100 Title Charges Screen The title charges screen is primarily used fr: Title service fees Title insurance fees Title plicy fees Settlement/clsing fees Remaining title charges screens are fr any additinal charges that aren t part f the categries n Title Services HUD-1 & Clsing tab, Title Charges screen, 1101 Details screen 1. Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. 3. Click the Details buttn fr line Enter a title service, such as title search n a detail line. The amunts frm this screen ttal t line 1101, either in the Brrwer r Seller clumn. Brrwer amunts entered n lines 1102, 1104, can rll up t the brrwer clumn n line 1101 r shw individually withut rlling up. Seller amunts entered in 1101 Details screen print n 1101, 1102 Details n line Amunts entered n line 1103 will shw in the brrwer r seller clumn n this line. Slrpay% Feature If charges n the Itemized Charges screens are allwed t be split per HUD and state law, yu can use the SlrPay% split feature. Yu can assign each itemized title charges t HUD-1 Line , , r Yu can then g t the related HUD-1 & Clsing screen and enter the percentage the Seller is t pay in the SlrPay% field. The ttal in the brrwer field is autmatically calculated and when a % is entered, the brrwer amunt is then autmatically split and places the amunts in the brrwer and seller fields. Slrpay Checkbx If the buyer and seller agree that the seller is paying fr a specific buyer charge, the SlrPay checkbx can be selected. The entire amunt is shwn as paid by the buyer n page 2 f the HUD-1 and then credited t the buyer n line 209 and charged t the seller n line 509. This feature des nt allw yu t split the amunt between the buyer and the seller. The amunt n line 209 will be a ttal f all lines where the SlrPay checkbx has been selected. 171

172 If yu want t have the seller pay a prtin f the line item fees, the amunt the seller is paying must be manually entered n line 209, the SlrPay checkbxes shuld nt be used. Yu can split the charge between the Agent and Underwriter. See Splitting a Charge Between the Agent and Underwriter. SEE ALSO: T disburse a prtin f the charge t the underwriter, see Underwriter Prtin f Title Charges. Splitting a Charge Between Agent & Underwriter. Itemized Title Charges. Yu can change hw an amunt is disbursed by making a change t the DS field. See Disbursement Status Fields. Underwriter Prtin Of Title Charges On the Title Charges screens r the Detail pages (line 1101/1102) f the Title Charges screens f the HUD-1 & Clsing tab, yu can split the amunt between the agent and underwriter. Enter the amunt f the Underwriter s prceeds in the Underwriter field and press <tab>. The net amunt disbursed t the Agent will be recalculated. Itemized Title Charges Title Insurance tab, Itemized Title Charges screen. 1. Click the Title Insurance tab. 2. Duble-click Itemized Title Charges. 3. Chse a line t enter an additinal charge. 4. Enter a descriptin f the charge in the Descriptin clumn (such as Title Examinatin Fee, Title Insurance Binder, Ntary Fees). Press <Tab> and enter the amunt in the Amunt clumn. 5. Enter the plicy t which the charge is t be attached in the Plicy clumn. The plicy can be L (Lan Plicy), O (Owner s Plicy), r X (Other Plicy). Plicies are entered n Screen 2 f the Title Insurance tab. Yu can als access Itemized Title Charges by clicking the Itemized Title Charges buttn at the tp f the Title Charges screens f the HUD-1 & Clsing tab. 172

173 Assigning A Title Charge T A HUD-1 Line T assign an Itemized Title Charge t a HUD-1 line, click the Mre buttn. A new dialg bx displays. Click the arrw buttn next t the HUD-1 Line field and select a HUD-1 Line. Yu can chse frm Lines: , , 1103-E, 1103-P, 1104-E, 1104-P, and Anything in the 1103-E, 1104-E (Endrsements) r 1103-P, 1104-P (Premium) rlls up t the amunt in the Endrsement r Premium fields in 1103 r Splitting A Charge Between The Agent And Underwriter By default the Underwriter is disbursed 100% f the prceeds. Yu can use the Agent/ Underwriter Split fields t disburse a prtin f a title charge t the Agent. 1. Click the Mre buttn fr the charge yu want t split.\ 2. Put the cursr in the Multiplier field under Agent/Underwriter Split and press <F2> t blank it ut. 3. Enter the percentage f the endrsement t g t the Underwriter in the Multiplier field. Press <Tab>. Calculating the Agent s Prceeds Yu can calculate the amunt that is t be disbursed t the Agent by entering Agent in the Agent/Underwriter field. The Net Amunt will then be disbursed t the Agent. Adjusting the Net Amunt Yu can add r subtract a straight dllar amunt frm the Net Amunt using the +/- Amunt field. Enter any dllar amunt yu want t add, r include a minus sign befre it t subtract an amunt. The Net Amunt will be recalculated autmatically. 173

174 Aut Calculatin Of Endrsements And Itemized Title Charges Yu can set up yur Endrsements and Itemized Title Charges t autmatically calculate. Charges can be calculated based n the Lan Amunt, Sales Price, r a Plicy Premium (Lan, Owner s, r Other). Yu can specify a minimum charge, and add r subtract frm the aut-calculated amunt. T Set Up Aut Calculatin f an Endrsement r Itemized Title Charge: 1. Click the Title Insurance tab. 2. Duble-click the Endrsements screen r Itemized Title Charges screen. 3. Click the Mre buttn fr the item yu want. 4. Use the fields in the Calculate Charge sectin t set up aut calculatin. Settlement Or Clsing Fees HUD-1 & Clsing tab, Title Charges screen, Line Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. 3. Click the Details buttn n Line In this example, the Settlement Fee was entered n the Itemized Title Charges screen and assigned t HUD-1 Line Then, 50 was entered in the SlrPay% field t split the fee evenly between the Brrwer and Seller. SEE ALSO: T enter itemized title charges, see Itemized Title Charges. T disburse a prtin f the charge t the underwriter, see Underwriter Prtin f Title Charges. Yu can change hw an amunt is disbursed by making a change t the DS field. See Disbursement Status Fields. 174

175 GFE Clumn Fr 1100 s The GFE clumn has been added t make cmplying with the new HUD rules easier. Data can be entered in the GFE clumn at the same time as all f yur ther data and a quick cmparisn can be made. There are fur ptins available in the Type drp-dwn bx in the GFE clumn: can t increase, up t 10%, can change, and N/A t GFE. The default type fr lines 1101, 1103, 1104 is up t 10%. The ther 1100 s are defaulted t N/A. The frm GFE drp-dwn assigns the infrmatin t a particular line n the statement. All the infrmatin frm the GFE Clumn flws t page 3 f the HUD-1 Settlement Statement and screen 22 Cmparisn f Gd Faith Estimate (GFE) and HUD-1 Charges screen n the HUD-1 and Clsing tab. SEE ALSO: Cmparisn f Gd Faith Estimate (GFE) and HUD-1 Charges. Owner s And Lender s Title Insurance HUD-1 & Clsing tab, Title Charges screen, Line 1103 & Click the HUD-1 & Clsing tab. 2. Duble-click Title Charges. 3. Click the Premium and/r Endrsements buttns and enter values. The amunts fr 1103 and 1104 d nt disburse t line 1108 unless the values are entered n the Premium and/r Endrsement screens. Paid Outside f Clsing Checkbx (POC) The POC checkbx enabled n lines 1103 and 1104 puts the ttal in the Re: text bx with an *. The POC amunt displays n the assigned line n page 2 f the HUD-1 Settlement statement. If yu type 550*0 in the ther fields, they will als be paid utside f clsing. 175

176 1200 Gv t Recrding & Transfer Charges HUD-1 & Clsing tab, 1200 Gv t Recrding & Transfer Charges screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 1200 Gv t Recrding & Transfer Charges. 3. Fr each dcument, enter the number f pages and the amunt f cst per page. The ttal will appear in the Brrwer clumn. The GFE clumn enables yu t enter a GFE amunt that flws t HUD-1 page 3 and HUD tab screen 22 Cmparisn f Gd Faith Estimate (GFE) and HUD-1 Charges. Yu can select the GFE Type frm the drp-dwn list f either Can Change, Up t 10%, Can t Increase r N/A t GFE. The default is Up t 10% Sectin Frmulas The 1200 Sectin Frmulas windw cntains frmulas used t autmatically calculate deed, mrtgage, and release dcument fees and tax/stamps. The first clumn describes the sectin number and type f dcument. The Per clumn explains what the unit f measurement the frmula is based n (fr example, the 1201 Deed frmula is based n the dcument cst per page). Mst recrding fee frmulas cntain a rate schedule based n the number f pages. Fr each dcument, enter the number f pages t which the first rate applies in the First clumn. Then enter the ttal cst fr thse first pages in the $-Cst clumn. Enter the number f pages t which the next rate applies in the Next clumn, and enter the cst per page which applies t thse pages in the At clumn. There is a secnd set f Next and At clumns fr anther rate level. Enter the cst per page fr any pages ver the number cvered by the frmula in the RemainAt clumn. 176

177 Example: Deed 1200 Sectin Frmulas and default payees shuld be entered int a template (such as the default template) s that yu d nt have t set up frmulas with each new rder. See Editing the Default Template. PrFrm: VA Calculatin Runding The calculatins fr sectins n the 1200 Sectin Frmulas screen nw accmmdate 6 decimal places instead f 5. Basis frmulas cntain Basis, Lan, and Rund fields. Transfer charges fr these sectins are calculated using the figure specified in the Basis field. Fr deeds, the Basis field defaults t S (sales price). Fr mrtgages, the Basis field defaults t L (lan amunt). BASIS CODE BASIS AMOUNT = S N L H M J Sales price Sales price minus any amunt entered n Line 203 wed by the buyer/brrwer Lan amunt 125% f the lan amunt Lan amunt minus any amunt entered n Line 203 wed by the buyer/brrwer If a purchase, the basis is the lan amunt minus the ttal amunt f payffs entered n Lines 504 and 505. If a refinance r equity lan, the basis is the lan amunt minus the ttal amunt entered n Lines 104 and 105 due frm the buyer/brrwer. 177

178 P F Q E Purchase mney/seller financing amunt Lan amunt plus any amunt entered n Line 203 wed by the buyer/brrwer plus the purchase mney/seller financing amunt Lan amunt plus the purchase mney/seller financing amunt Sales price minus the lan amunt 1 Cnstructin/equity line first draw amunt R X G D ROUND Either the City Real Prperty Tax Value r Cunty Real Prperty Tax Value (whichever is higher). Lan amunt minus the sales price Either the City Real Prperty Tax Value, Cunty Real Prperty Tax Value, r Sales Price (whichever is the highest amunt). Chse this cde in a Refinance situatin t calculate taxes in the 1200 sectin n the difference between the Principal Balance f an existing lan and the new lan amunt. Use the Rund field t rund up r chp the amunt used in the calculatin f the tax/stamp. Enter U fr rund up r C fr chp Additinal Settlement Charges HUD-1 & Clsing tab, 1300 Additinal Settlement Charges screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 1300 Additinal Settlement Charges. 3. Enter the amunt f the additinal charge in the Brrwer and/r Seller clumns. Enter the name and address related t the charge in the T and Addr fields. The DS field will default t S (Separate Check). 4. If yu want the amunt t appear n the HUD-1 Settlement Statement in the GFE clumn, Change the frm GFE field frm N/A t the apprpriate GFE bx reference (i.e. 6). The GFE Type field will nt becme available. Select a tlerance type fr GFE and the amunt entered in the brrwer clumn will flw t the Disclsure Amunt field r an amunt can be entered manually in this field. The type will appear in the selected tlerance sectin n page 3 f the HUD-1 r n screen 22 f the HUD-1 & Clsing tab. When the GFE field is changed frm N/A, the disclsure amunt can be entered and rlls up t the brrwer field fr line Enter 1 in the TIL field t include the line item amunt in the ttal prepaid finance charges. With PrTrax Order Tracking and Management, yu can track the status f the item by entering it as a Requested Track ItemRequested_Track_Items>Main. See Requested Track Items. Acknwledgments General tab, Acknwledgment & Ntary screen. 1. Click the General tab. 178

179 2. Duble-click Acknwledgment & Ntary. Adjustable Rate Mrtgage (Arm) Data General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Click the ARM Data buttn. The ARM Data screen will appear. Enter yur ARM data in the tp sectin f the screen. The TIL Discunted and Premium Variable Rate Transactin Data sectin will be calculated fr yu. Type Of ARM Enter the frequency f the adjustable rate change. Fr example, if the adjustable rate cycle is 36 mnths, enter 36 in the Type f ARM field and click Mnth. If it is 1 year, enter 1 and click Year. Rund Adjusted Rate Yu can chse hw yu want the adjusted rates runded. Chse N fr n runding, Nearest t rund the rate t the nearest percentage entered in the % field, r Next t rund t the next percentage. Enter the percentage t rund t in the % field. Truth-In-Lending (TIL) The Truth-In-Lending (TIL) Add-On t PrFrm cmes with a cmplete set f Truth-In-Lending dcuments and all f the screens yu need t cmplete them (accrding t 12 CFR Part 226 Regulatin Z). After installing the TIL Addn, special TIL screens will becme available in PrFrm t enter Annual Percentage Rate, finance charges, ttal amunt financed, ttal f payments, and a payment schedule. PrFrm des the wrk fr yu, calculating mst f these amunts autmatically nce a lan amunt is entered. 179

180 Yu must purchase a license fr the Truth-In-Lending (TIL) Add-On and enter yur Prduct Key t be able t access TIL screens and dcuments. Fr mre infrmatin please call SftPr Sales at Appraisal Infrmatin, Appraised Value, Appraiser General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. 3. Click the Appraisal Infrmatin buttn. 4. The Appraisal Infrmatin screen will appear. Yu can fill in the infrmatin fr the Appraiser using the Lk-up table in the Appraiser Lk-up Cde field. Yu can add yur mst cmmnly used Appraisers t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin fr mre infrmatin. Assigning The Appraisal Fee T A HUD-1 Line Number Yu can chse the HUD-1 Line Number n which yu want the Appraisal Fee recrded. Click the dwn-arrw next t the HUD-1 Line field and select frm Lines 804, , , r Additinal Disbursement Click the G t HUD-1 Line buttn t jump t the line number t enter the fee. Attrneys General tab, Buyer s & Seller s Attrneys screen. 1. Click the General tab. 2. Duble-click Buyer s & Seller s Attrneys. Yu can fill in the infrmatin fr the Buyer s and Seller s Attrneys using the Lk-up table in the Attrney Lkup Cde field. Yu can add yur mst cmmnly used Attrneys t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin fr mre infrmatin. 180

181 Buyer / Brrwer General tab, Buyer/Brrwer, Officers & Signatures screen. 1. Click the General tab. 2. Duble-click Buyer/Brrwer, Officers & Signatures. 3. Enter the buyer name in the first field. If the buyer is cuple r partnership, enter the spuse/partner in the field directly belw the first name field. 4. Enter the address f the buyer in the Address fields. Enter the street address r P.O. Bx in the first field and the city, state, and zip cde in the field directly belw the first. This is the address that will appear n the HUD-1 Settlement Statement. T enter a frwarding address, click Mre and use the Frwarding Address/Numbers fields. 5. Click Mre t enter SSN/TIN, phne and fax numbers, frwarding address, additinal ntes, r t edit signature lines and crprate fficers. 6. Enter Vesting and Interest % text t appear n dcuments such as Warranty Deeds and Deeds f Trust. (See Vesting and Interest % ) There is rm t enter up t 9 buyers. Each buyer can be a single persn, a crpratin, r a pair such as a married cuple r partnership. SEE ALSO: Buyer/Brrwer Additinal Infrmatin. Type By default, Male will appear in the Type field when a buyer name is entered. If a spuse/partner name is entered, Plural will appear by default. Yu can change the Type field by clicking the arrw and chsing anther selectin: Vesting Enter text t describe hw the prperty is vested, which appears n dcuments such as Warranty Deeds and sme Deeds f Trust (fr example, as his sle and separate prperty, r as jint tenants). The Lk-up table cntains several entries yu can chse frm t fill the Vesting field. T retrieve an entry frm the Vesting Lk-up Table: 1. Put the cursr in the Vesting field. 2. Press <F9> t access the table. 3. Select an entry. 181

182 4. Click Retrieve Entry. T Add a New Entry t the Vesting Lk-up Table 1. Enter yur text int the Vesting field. 2. Press <F9> t access the table. 3. Click Insert Entry. Interest % Enter the vesting language t appear n dcuments such as Warranty Deeds and sme Deeds f Trust (fr example, as t an undivided 100% interest, r as t an undivided 1/2 interest). The Lk-up table cntains several entries yu can chse frm t fill this field. T retrieve an entry frm the Interest % Lk-up Table 1. Put the cursr in the Interest % field. 2. Press <F9> t access the table. 3. Select an entry. 4. Click Retrieve Entry. Default Buyer And Seller Relatinships When the buyer r seller type is Plural, the Relatinship fields fill in autmatically. The wrding that appears depends n the state that is entered in the prperty address. STATE RELATIONSHIP 1: RELATIONSHIP 2: NC and wife (blank) OH and husband and wife OTHER and (blank) T change default relatinships: 1. Click the General tab. 2. Duble-click General Optins. 3. Enter the default relatinship wrding yu want t appear. 182

183 Buyer/Brrwer Additinal Infrmatin General tab, Buyer/Brrwer, Officers & Signatures screen, Buyer/Brrwer 1 1. Click the General tab. 2. Duble-click Buyer/Brrwer, Officers & Signatures. 3. Click the Mre buttn and then enter the additinal buyer infrmatin. 183

184 Buyer s Prtin Of Real Estate Taxes HUD-1 & Clsing tab, Divisin f Prceeds & 1099-S Data screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Divisin f Prceeds & 1099-S Data. The default fr this field is the buyer s prtin f taxes appearing n Lines 106, 107, and 108. SEE ALSO: Taxes and Assessments. Clser General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 184

185 3. Enter the clser name in the Clser field. Yu can add yur mst cmmnly used Clsers, Title Examiners, and Escrwers t the Lk-up tables. See Lk-up Tables: Stre and Reuse Infrmatin fr mre infrmatin. Cmmissins HUD-1 & Clsing tab, 700 Cmmissins screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 700 Cmmissins. The payee names and addresses fr Lines 701 and 702 cpy autmatically frm the Listing (701) and Selling (702) Agents, entered n the Real Estate Agents/Brkers screen f the General tab. Changing The Cmmissin Rate 1. Put the cursr in the rate field n Line 700 and press <F2> t clear it. 2. Enter in a new rate and press <tab> t recalculate cmmissins. Entering Cmmissin Manually Yu can enter cmmissins manually instead f having them calculated as a percentage f the sales price. 185

186 1. Put the cursr in the rate field n Line 700 and press <F2>. 2. Enter the ttal cmmissin amunt in the field after the equal sign (=). SEE ALSO: MLS Fee. Splitting The Cmmissin Between Tw Brkers There are tw ways yu can split cmmissin between tw brkers. Yu can change the percentage that the first brker receives, r change the ttal dllar amunt the first brker receives. Methd 1: 1. Put the cursr in the Cmmissin % field f Line 701. Press <F2> t clear the field. 2. Enter the new percentage the first brker is t receive. (Fr example, if the riginal rate is 6% and each brker is t receive half, enter 3.) 3. Press <tab>. The remaining amunt will be disbursed t the secnd brker n Line 702. Methd 2: 1. Put the cursr in the secnd Cmmissin = field f Line 701. Press <F2> t clear the field. 2. Enter the amunt the Listing (701) Brker is t receive. 3. Press <tab>. The remaining amunt will be disbursed t the secnd brker n Line 702 and the autmatic % is remved. 186

187 Splitting The Cst Of Cmmissin Between Buyer And Seller By default, cmmissins will be charged t the seller. T split the cst f cmmissins between the buyer and seller, use ne f the fllwing methds: Methd 1: 1. Enter the percentage t be paid by the buyer in the ByrPay field f Line Press <tab>. The amunts wed by buyer and seller will appear autmatically. Methd 2: 1. Enter the amunt t be paid by the buyer in the Brrwer clumn f Line Press <tab> t mve the cursr t the Seller clumn. 3. Press <F2> t blank ut the Seller amunt. Enter the new Seller amunt. Additinal Disbursements Frm Brker s Cmmissins HUD-1 & Clsing tab, 700 Cmmissins screen, Additinal Disbursements frm Brker s Cmmissins buttn. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 700 Cmmissins. 3. Click Additinal Disbursements frm Brker s Cmmissins. 4. Enter a descriptin, payee and payee address. 5. Enter the amunt t be taken ut f each brker s cmmissins. In the fllwing example, a referral fee f $1, is deducted frm the Listing Brker s cmmissin: 187

188 Printing The Additinal Disbursements Frm Brker s Cmmissins Exhibit 1. Click File/Print. (Or press <Ctrl> and <P>.) The ReadyDcs Selectin dialg will appear. 2. Duble-click SftPr ReadyDcs Tree. 3. Duble-click HUD-1 & Clsing. 4. Duble-click Additinal Disbursements Exhibits. 5. Select Additinal Disb frm Brker s Cmmissins. 6. Click the >> buttn. This will make the dcument appear in the Selected ReadyDcs windw. 7. Click OK. 8. The Print dialg will appear. 9. Click OK t print. Additinal Disbursements Frm Brker s Cmmissins Disclsure G t the HUD-1 & Clsing tab, HUD-1 Optins t specify hw yu want additinal disbursements frm brker s cmmissins disclsed n the HUD-1 Settlement Statement. Line Additinal Disbursements frm Brker s Cmmissins are entered and will appear n Line 703 f the HUD-1 Settlement Statement. Lines Default TDI disclsure language will appear in the descriptin fields f Lines Nne - N default text will fill in the descriptin fields fr Lines Cmmitment Data Title Insurance tab, Cmmitment Data/Insureds, TX Sched D screen. 1. Click the Title Insurance tab. 2. Duble-click Cmmitment Data/Insureds, TX Sched D. 3. Enter the cmmitment effective date. 4. Select the plicies that are t be issued. 188

189 SEE ALSO: See Printing ReadyDcs. Cmparisn Of Gd Faith Estimate (GFE) & HUD-1 Charges HUD-1 & Clsing tab, Cmparisn f Gd Faith Estimate (GFE) and HUD-1 Charges screen. The cmparisn screen is an exact match fr what is shwn n page 3 f the HUD-1 Settlement Statement. Changes made t the Lan Terms prevent the infrmatin frm being pulled frm ther pages. Any changes made t this screen are reflected n page 3; hwever, if yu make changes n this screen, it verwrites any infrmatin that is being pulled in frm anther PrFrm screen. If Manual entry f Cmparisn f Gd Faith Estimate is checked, any infrmatin verwritten is nt pulled frm ther screens; hwever, if yu uncheck the bx all the infrmatin entered is verwritten again frm the infrmatin pulled frm ther screens. Tlerance The tlerance applies t the individual line items in the Charges That Cannt Increase categry and the ttal f all charges shwn in the categry and the Charges That in Ttal Cannt Increase Mre Than 10%. A tlerance vilatin in either f these categries can be cured n screen 200 using the tlerance cure fields. SEE ALSO: Tlerance Cure Crprate Officers General tab, Buyer Crprate Officers screen: 1. Click the General tab. 2. Duble-click Buyer/Brrwer, Officers & Signatures. 3. Click Mre and then click Crprate Officers. General tab, Seller Crprate Officers: 1. Click the General tab. 2. Duble-click Seller, Officers & Signatures. 3. Click Mre and then lick Crprate Officers. Credit Card Payff Yu can enter a credit card payff as an additinal disbursement. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Additinal Disbursements Select a disbursement line t use. Enter Credit Card Payff in the Descriptin field. 4. Enter the payee name in the T field and the payee address. Fr example: 189

190 5. If yu want PrFrm t calculate the ttal payff amunt and add per diem r late fees, r split the amunt between the buyer and seller, click Payff Details. Otherwise, enter the amunt f the payff t be paid in the Brrwer and/r Seller fields. SEE ALSO: Payff Details. Payff Details Per Diem If there is a per diem fee n tp f the payff amunt, enter it in the Per Diem field. The per diem ttal will be added autmatically t the final payff amunt. Late Fees T enter a late fee, enter the amunt f the fee in the Plus Late Fee field. Enter the date after which the late fee will apply in the After field. Printing Payff Details Payff details are printed n the fllwing ReadyDcs that cme with PrFrm. See Chapter 9 Printing Dcuments fr help printing. Lan Payff Details 190

191 Additinal Disbursements Exhibit Buyer Additinal Disbursements Exhibit Seller Additinal Disbursements Exhibit Page 3 f the HUD-1 Settlement Statement Debits And Credits Seller credits are entered n the 100 Grss Amunt Due frm Brrwer screen f the HUD-1 & Clsing tab. Buyer credits are entered n the 200 Amunts Paid by r in Behalf f Brrwer screen. Buyer Credit / Seller Debit Fr example, yu can enter an amunt f rent that the buyer charges the seller fr residing in the prperty past the date f clsing n Line 213. Seller Pays A Prtin Of Clsing Csts Anther example f a buyer credit is when the seller agrees t pay $1, in clsing csts, which can be entered n Line 209. Seller Credit / Buyer Debit T enter a credit t the seller frm the buyer, use the 100 sectin f the HUD-1 Settlement Statement. Fr example, yu can enter a reimbursement t the seller frm the buyer fr the cst f gas t fill a gas lg fireplace using Line109. Disbursement Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 191

192 All checks will be dated with the Disbursement Date. Fr Refinance r Equity transactins, the Disbursement Date will be adjusted autmatically t allw fr a 3-day rescissin perid. Fr Purchase transactins, the Disbursement Date will default t the Settlement Date. If a Disbursement Date is entered that is different than the Settlement Date, it will appear n the HUD-1 Settlement Statement just belw the Settlement Date n the first page. On the HUD-1A it will appear just t the right f the Settlement Date. Discunt Pints See Lan Discunt. Earnest Mney Depsit General tab, Sales Price, Depsit/Earnest Mney screen. 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Enter the amunt f the depsit in the Depsit/Earnest Mney field. Depsit/Earnest Mney Scenaris Scenari: The depsit retained by the brker is greater than the brker s cmmissin, and the brker is bringing a check fr the difference t clsing: The depsit will be shwn as an incming fund n the Disbursement Summary. Enter the cmmissin amunt in the Prtin f Depsit Retained field. 192

193 If the brker is giving the difference directly t the Seller (rather than thrugh the settlement agent), yu must enter the amunt f the excess depsit n line 501 (n the 500 Reductins In Amunt Due Seller screen f the HUD-1 & Clsing tab). If the settlement agent has already received the depsit, it will be labeled "Depsit held by Settlement Agent" n the Disbursement Summary. Scenari: A brker is retaining the depsit: The amunt retained can be mre than the amunt f cmmissin nly if the difference (given directly t the Seller) is entered n line 501. Line 501 is fund n the 500 Reductin In Amunt Due Seller screen f the HUD-1 & Clsing tab. It shuld cntain the amunt actually retained by the brker (including any amunt given by the brker directly t the Seller). Line 501 shuld nt include any amunt returned directly t the Buyer. Increased Or Additinal Depsits 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Click Mre. 4. Enter a descriptin, amunt f the increased r additinal depsit. 5. Fr each depsit, yu can select a HUD-1 Settlement Statement line number n which t recrd it. Endrsements Title Insurance tab, Endrsements screen. 1. Click the Title Insurance tab. 2. Duble-click Endrsements. 3. T select an endrsement, click the checkbx in the Include clumn. Fr example: 4. Select the plicy n which yu want t assign the endrsement. Enter L (Lan/Mtg), O (Owner s), r X (Other) in the Plicy field. 193

194 5. Enter the date the endrsement was issued in the DateIss clumn. Enter the effective date f the endrsement in the EffDate clumn. Enter the amunt f the endrsement in the Charge clumn. SEE ALSO: Itemized Title Charges. Splitting a Charge Between the Agent and Underwriter. Aut Calculatin f Endrsements and Itemized Title Charges. Escrwer General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter the Escrwer name in the Escrwer field. Yu can add yur mst cmmnly used Clsers, Title Examiners, and Escrwers t the Lk-up tables. See Lkup Tables: Stre and Reuse Infrmatin. Exceptins See Chapter 5-6, Requirements and Exceptins. Excess Depsit HUD-1 & Clsing tab, 500 Reductins in Amunt Due Seller screen, Line Click the HUD-1 & Clsing tab. 2. Duble-click 500 Reductins in Amunt Due Seller. 3. Enter the amunt f the excess depsit n Line 501. Use Line 501 if a brker is hlding an earnest mney depsit that is greater than the brker s cmmissin and the brker is giving the excess depsit directly t the seller. The amunt f the ttal depsit (including cmmissins) shuld be entered n Line 201. Line 201 is fund n the 200 Amunts Paid by r in Behalf f Brrwer screen. 194

195 Fnma/Fha/Va Riders General tab, Security Instruments, Trustee & Riders screen. 1. Click the General tab. 2. Duble-click Security Instruments, Trustee & Riders. 3. Click the riders that are part f the lan package. Fr example: Grantr/Grantee General tab, Plats, Cvenants & Cnveyance screen. 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Scrll t the bttm f the screen. Click the Mre buttn. The New Cnveyance dialg bx will appear. Hmewner s Assciatin General tab, HOA/Management Cmpany screen. 1. Click the General tab. 2. Duble-click HOA/Management Cmpany. 195

196 Entering A Hmewner s Assciatin Fee 1. Click the General tab. 2. Duble-click HOA/Mgmt. C. 3. Click HOA/Mgmt. C. Fees. The Fees and Dues screen will appear. 4. Enter the cde fr the Assciatin r Management Cmpany t which the fee is t be disbursed in the DS field. Yu can enter ne f the fllwing cdes: O - Hmewner s Assciatin 1 C - Management Cmpany 1 O2 - Hmewner s Assciatin 2 C2 - Management Cmpany 2 O3 - Hmewner s Assciatin 3 C3 - Management Cmpany 3 S - Separate Check 5. Enter a descriptin f the fee. 6. Select a HUD-1 Line t recrd the fee. 7. Enter the amunt f the fee wed by the Brrwer and Seller. Interest Rate General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Enter the interest rate in the Annual Interest Rate field. Press <tab>. The rate will be spelled ut fr yu in the Spell field. Fr example: SEE ALSO: Lan Amunt. Interim Interest. Interim Interest General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Select hw yu want interim interest calculated. Fr example: 196

197 Per Diem Number Of Decimal Digits Select the number f decimal places (1-6) yu want t include in the ttal interim interest. T chp rather than rund, select Chp Calculated Per Diem Rather Than Rund. Based On Yu can chse the number f days per year and mnth t use t calculate interim interest. Select frm a 360, 365, r 366-day year. T base the calculatin a 30-day mnth, click Based n 30 Day Mnths. Ttal Interim Interest The ttal amunt f interim interest appears after the equal sign. Interim interest will als appear n the 900 Items Required by Lender t be Paid in Advance screen f the HUD-1 & Clsing tab. The ttal amunt will appear in the Brrwer clumn f Line 901. Legal Descriptin General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. 3. Scrll dwn t the bttm f the screen. There are tw legal descriptin fields: Brief and Full. The Brief Legal Descriptin: cntains three fields f 30 characters each. Yu can search fr a file using the Brief Legal Descriptin fields see Searching fr a File. The Full Legal Descriptin field is a scrllable field that can hld up t 64,000 characters f text. Imprting A Legal Descriptin With the Scrllable Field Editr, yu can imprt legal descriptins int PrFrm that have been saved in a text file frmat (.txt). 1. Click inside the Full Legal Descriptin field. 2. Click <Ctrl> and <Z> tgether. The Scrllable Field Editr will appear. 3. Click Read frm Text File. 197

198 4. Brwse fr and select the text file that cntains the legal descriptin. 5. Click Open. 6. The legal descriptin will appear inside the Scrllable Field Editr. Click OK. Spell Checking A Legal Descriptin Yu can spell check a legal descriptin field using the <F7> key. 1. Click inside the Full Legal Descriptin field and press <F7>. 2. The Check Spelling utility will appear. 198

199 3. A message will appear after the spell check is cmplete. Click OK. Lender General tab, Lender screen. 1. Click the General tab. 2. Duble-click Lender. SEE ALSO: See Lk-up Tables: Stre and Reuse Infrmatin fr help saving yur Lenders t the Lender Lk-up table fr easy retrieval. Entering A Lender Frm The Lk-Up Table 1. Click inside the Lender Lk-up Cde field. 2. Enter the cde fr the lender yu want t retrieve and press <Tab>. 3. If yu dn t knw the cde, press <F9>. 4. The Lender Lk-up table will appear. Duble-click the entry yu want. Listing Agent General tab, Real Estate Agents/Brkers screen. 199

200 1. Click the General tab. 2. Duble-click Real Estate Agents/Brkers. 3. Enter Listing Agent infrmatin in the Listing Agent/Brker (701) sectin. Yu can access brker cmmissins by clicking the Cmmissins buttn at the tp f the screen. Fr example: Yu can fill in the infrmatin fr each brker using the Lk-up table in the Agent/Brker Lk-up Cde field. Yu can add yur mst cmmnly used Agents t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. Lan Amunt General tab, Lan, Funding & PrTrust screen. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. Enter the principal amunt in the Principal Amunt f Lan field: Cnstructin/Equity Line First Draw Fr cnstructin lans r equity line clsings, enter the amunt f the first draw check sent t clsing by the lender in the Cnstructin/Equity Line First Draw: and Lan Prceeds/Funding Amunt fields. If there is a cnstructin lan but n lender check is being brught t clsing, enter.00 in bth fields. 200

201 The amunt entered will appear n line 207 as a credit t the buyer. The descriptin f the credit will read Cnstructin Draw. Fr example: Adjust Fr Funding Net Check Optin Select this checkbx if there is a difference between the actual lan check and the net check frm the lender. Use the Adjust fr Funding Net Check Optin if yu knw that the lender has deducted a certain amunt frm the lan check, but d nt knw exactly which items were deducted. The amunt f the lan check will be subtracted frm the amunt f the lan. This will be the amunt f the adjustment. The adjustment amunt will be subtracted frm the lender's fees. If yu knw which items the lender deducted, enter them n the Items Payable In Cnnectin With Lan and Items Payable In Cnnectin With Lan screens f the HUD-1 & Clsing tab. Enter D in the DS fields fr each f these items. Use this methd t verify if the lender has sent yu the crrect amunt f mney. Lan Prceeds/Funding Amunt Enter the exact amunt f the lan check in the Lan Prceeds/Funding Amunt field. Be sure t check the amunt f the lan check. The full amunt f the lan may nt be sent in the lan check. The Lan Amunt will appear autmatically in the Lan Prceeds/Funding Amunt field unless an entry is made t the Cnstructin/Equity First Line Draw field. Then, the first draw amunt will appear. Lan Funding With SftPr Essential, yu can select hw lan funds are disbursed frm the Lender and Title Cmpany. PrFrm will autmatically disburse lan and title charges t the apprpriate parties depending n the setup yu chse. This summary is cntinually updated as new charges, deductins, and credits are entered in the file. Lan Funding Scenaris The fllwing scenaris describe six ways funding amunts can be disbursed frm the Lender and Title Cmpany t the Settlement Agent. Sme invlve nly a Lender and a Settlement Agent. In these scenaris, the Settlement Agent may act as the Title Cmpany in the clsing as well. In the ther cases, there is a separate Title Cmpany. Funds can be grss funded r net funded. Grss funding implies that there are n fees deducted frm an amunt befre it is passed n. Net funding implies that there are fees deducted. 201

202 1) Lender Grss Funds Settlement Agent In this instance, the Settlement Agent and Title Cmpany can be the same entity. (In ther wrds, there may nt be a Title Cmpany invlved in the funding f the lan.) Enter the Settlement Agent, Title Cmpany (if different frm the Settlement Agent) and Underwriter (fr splits) n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. G t the Lan, Funding & PrTrust screen f the General tab. Set the Lender Funding Type t Grss. Set the Title Cmpany Funding Type t Nne. (Lan, Funding & PrTrust Screen, General tab): In this scenari, all lan charges will be disbursed t the Lender by default. 2) Lender Grss Funds Title Cmpany Grss Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender & Title Cmpany Funding Type t Grss. (Lan, Funding & PrTrust Screen, General tab): Lan charges will be disbursed t the Lender by default. (Lan Charges Screen, HUD-1 & Clsing tab): In this case, title charges will be disbursed t the Title Cmpany by default. (Title Charges Screen, HUD-1 & Clsing tab): 202

203 See the Gruped Disbursements screen f the HUD-1 & Clsing tab fr the ttals that are disbursed t each party. 3) Lender Net Funds Settlement Agent Here, the Settlement Agent & Title Cmpany can be the same entity. Enter the Settlement Agent & Underwriter (fr splits) n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender Funding Type t Net. Set the Title Cmpany Funding Type t Nne. (Lan, Funding & PrTrust Screen, General tab): Lan charges will be deducted frm the Lender check by default. (Lan Charges Screen, HUD-1 & Clsing tab): A Nte Abut Net Funding It was nted in Lan Funding Scenari 3 abve that lan charges are deducted frm the Lender check. Hwever, if yu want t include a lan charge in the Lender check, change the DS field frm the default f D (Deducted) t L (Lender) in the Mre fields f 801. Fr example: 4) Lender Net Funds Title Cmpany Grss Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender Funding Type t Net. Set the Title Cmpany Funding Type t Grss. 203

204 Lan charges will be deducted frm the Lender by default. (Lan Charges Screen, HUD-1 & Clsing tab): In this case, title charges will be disbursed t the Title Cmpany by default. (Title Charges Screen, HUD-1 & Clsing tab): See the Gruped Disbursements screen f the HUD-1 & Clsing tab fr the ttals that are disbursed t each party. 5) Lender Net Funds Title Cmpany Net Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender Funding Type t Net. Set the Title Cmpany Funding Type t Net. Lan charges will be deducted frm the Lender check by default. In this case, title charges, dcument recrding fees, and payffs will be deducted frm the Title Cmpany check by default. (Title Charges Screen, HUD-1 & Clsing tab): 204

205 6) Lender Grss Funds Title Cmpany Net Funds Settlement Agent Enter the Settlement Agent and Title Cmpany n the Sett. Agent, Title C., Underwriter, Offices screen f the General tab. Set the Lender Funding Type t Grss. Set the Title Cmpany Funding Type t Net. With Title Cmpany Net Funding, PrFrm will autmatically calculate the net funding amunt. In this scenari, title charges will be deducted frm the Title Cmpany check by default, and a check will be issued t the Lender fr the lan charges. Lan Number General tab, Lan, Funding & PrTrust screen. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. 3. Enter the lan number in the Lan Number field. Lan Officer And Lan Prcessr General tab, Lender screen. 1. Click the General tab. 2. Duble-click Lender. Scrll dwn t the Lan Officer & Prcessr sectin. 205

206 Lan Servicer See Mrtgage Brker and Lan Servicer. Lan Type General tab, Lan, Funding & PrTrust screen. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. 3. Click a lan type. Fr example: Management Cmpany See Hmewner s Assciatin. Marketing Surce General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Click Marketing Surce Inf. The Marketing Surce Infrmatin screen will appear. MLS Fee HUD-1 & Clsing tab, 700 Cmmissins screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 700 Cmmissins. 206

207 Yu can enter an MLS fee as a percentage f the sales price r as a dllar amunt. On the 700 Cmmissins screen, enter a percentage f the sales price in the MLS Fee field. Then press <tab> and the fee will be calculated and displayed after the equal sign (=). Or, enter a straight fee amunt in the field after the equal sign (=). The MLS fee will be reprted n the disbursements summary and n checks, but nt n the HUD-1 Settlement Statement. Click Include MLS fee n lines 701 & 702 t reprt the fee n the HUD-1 and adjust brkers cmmissins accrdingly. Mrtgage Brker And Lan Servicer General tab, Mrtgage Brker & Lan Servicer screen. 1. Click the General tab. 2. Duble-click Mrtgage Brker & Lan Servicer. 207

208 Yu can fill in the Mrtgage Brker and Lan Servicer infrmatin using the Lk-up tables in the Lan Servicer Lk-up Cde field and Mrtgage Brker Lk-up Cde: field. Yu can add yur mst cmmnly used brkers and servicers t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. Mrtgage Insurance HUD-1 & Clsing tab, 900 Items Required by Lender t be Paid in Advance screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click 900 Items Required by Lender t be Paid in Advance. 3. Enter the number f mnths f mrtgage insurance. If the entry here is equal t the full term f the lan, the Life f Lan checkbx will autmatically be selected. The descriptin fr Line 902 n the HUD-1 Settlement Statement will then read MIP TtIns. fr Life f Lan (as per Regulatin X). Otherwise, the descriptin fr Line 902 will read Mrtgage Insurance Premium. TIL T include the amunt in the Ttal Prepaid Finance Charges, enter 1 in the TIL field: Mrtgage Insurance escrw payments are entered n the 1000 Reserves Depsited With Lender (Escrws) screen and they will autmatically calculate frm this screen. GFE Clumn The GFE clumn enables yu t enter a GFE amunt that flws t HUD-1 page 3 and HUD tab screen 22 Cmparisn f Gd Faith Estimate (GFE) and HUD-1 Charges. Yu can select the GFE Type frm the drp-dwn list f either Can Change, Up t 10%, Can t Increase r N/A t GFE. The default is Up t 10%. Slrpay Checkbx If the SlrPay checkbx is checked, the amunt in the brrwer clumn will shw as a credit frm the seller t the buyer n HUD line 209 as part f the Seller-paid clsing csts. Mrtgage Payffs See Payffs. 208

209 Ntary General tab, Acknwledgement & Ntary screen. 1. Click the General tab. 2. Duble-click Acknwledgement & Ntary. Ntes General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter ntes abut the file in the Order Ntes field. Use this scrllable field fr miscellaneus cmments abut the clsing file. T insert a line cntaining the current date, time, and user name, press <Ctrl+A>. SEE ALSO: Like all scrllable fields, yu can edit the infrmatin in the Order Ntes field using the Scrllable Field Editr. See Scrllable Field Editr fr mre infrmatin. 209

210 Parcel Id See Tax/Map ID. Payment Schedule (Truth-In-Lending) General tab, Terms, Payment & ARM screen. 1. Click the General tab. 2. Duble-click Terms, Payment & ARM. 3. Click the TIL-Pmt. Schedule buttn. Once the lan amunt and the terms and payment infrmatin are entered, the TIL-Payment Schedule will be calculated fr yu autmatically. If yu want t enter yur wn payment schedule, click Manual Entry f Payment Schedule. Yu can enter 16 additinal payments by clicking the Additinal Payments buttn at the bttm f the screen. SEE ALSO: Truth-In-Lending (TIL). Payffs First and Secnd Mrtgages:HUD-1 & Clsing tab, 500 Reductins in Amunts Due Seller screen. Lines 504 and 505 are reserved fr payffs such as Mrtgages. 210

211 Per Diem If there is a per diem fee n tp f the payff amunt, enter it in the Per Diem field. The per diem ttal will be added autmatically t the final payff amunt. Late Fees T enter a late fee, enter the amunt f the fee in the Plus Late Fee field. Enter the date after which the late fee will apply in the After field. HUD-1 Settlement Statement Page 3 Payff details appear n Page 4 f the HUD-1 Settlement Statement, HUD-1 Addendum. The HUD-1 Addendum cmes as a ReadyDc that yu can print frm PrFrm. See Printing ReadyDcs. Refinance Payffs: HUD-1 & Clsing tab, 100 Grss Amunt Due frm Brrwer screen, Lines 104 and 105. Additinal Payffs: HUD-1 & Clsing tab, Additinal Disbursements 1-12 and Additinal Disbursements screens. When cmpleting a refinance, yu may need t enter mre than 2 payffs. Yu can enter up t 24 additinal payffs n the Additinal Disbursements 1-12 and screens. See Credit Card Payff fr an example. SEE ALSO: Credit Card Payff. Payff Details. PrIndx Exprt Data General tab, Prperty Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty Legal Descriptin. 3. Click the PrIndx Data buttn at the bttm f the screen. 4. Enter data t be exprted t PrIndx n the PrIndx Exprt Data dialg. 211

212 SEE ALSO: Chapter 19, PrIndx. Prperty Address General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. Setting The Prperty Address Default 1. Click the General tab. 2. Duble-click General Optins. 3. Click the arrw next t the Prperty Address Default field and make a selectin. Frm means that the address yu entered in the Brrwer screen will fill in the prperty address. T means that the address entered n the Prperty screen will fill in the Brrwer address n the Brrwer screen. Select Nne t turn ff the prperty address default ptin. 212

213 Prperty Derivatin General tab, Plats, Cvenants & Cnveyance screen. 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Use the Prperty Derivatin sectin. Prratin Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. The default fr the Prratin Date is the Disbursement Date. Prratins Yu can divide amunts (such as prperty taxes, insurance premiums, rental incme, and Hmewner s Assciatin dues) between the buyer and seller prprtinately t time f use r the date f clsing. Tax Prratin HUD-1 & Clsing tab, City/Twn Taxes screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click City/Twn Taxes 3. Select a tax status (By default, T Be Paid by Buyer is selected.) 4. Enter the dates that make up the current tax perid. 213

214 SEE ALSO: Status f Current Perid Taxes. Prrating Rents And Other Amunts Use the fields prvided n lines 109 and 110 (amunts due frm buyer), r 213 and 214 (amunts paid by buyer) fr prratins. Fr example: Purchase Mney General tab, Sales Price, Depsit/Earnest Mney screen. 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Enter Purchase Mney in the Purchase Mney/Seller Financing field. Fr example: Enter any amunt laned t the Buyer/Brrwer by the Seller. This amunt will shw n lines 208 and 508 f the HUD-1 Settlement Statement. Fr interim interest, use lines 213 r 214 n the 200 Amunts Paid By Or In Behalf Of Brrwer screen f the HUD-1 & Clsing tab. SEE ALSO: Interim Interest. Recrding Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 214

215 The recrding date is used as the date f the deed r ther instrument cnveying the title t the prperty. The default fr the Recrding Date field is the Disbursement Date. Referral Fee See Additinal Disbursements frm Brker s Cmmissins. Refinance Payffs See Payffs. Restrictins General tab, Plats, Cvenants & Cnveyance screen. 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Scrll t the bttm f the screen. Click the Mre buttn. 4. Use the Restrictins field n the New Cnveyance dialg that appears. Restrictive Cvenants General tab, Plats, Cvenants & Cnveyance screen. 1. Click the General tab. 2. Duble-click Plats, Cvenants & Cnveyance. 3. Use the Restrictive Cvenants sectin. 215

216 Requirements See Chapter 5-6, Requirements and Exceptins. Right T Cancel (Rescind) Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. The right t cancel date is the deadline by which any cancellatin ntice must be sent. This date is usually calculated as three business days after the settlement date. It cannt, hwever, fall n a Sunday r federal hliday. This date will appear n the Ntice f Right t Cancel as the cancellatin date. Sales Price General tab, Sales Price, Depsit/Earnest Mney screen. 1. Click the General tab. 2. Duble-click Sales Price, Depsit/Earnest Mney. 3. Enter the sales price in the Cntract Sales Price field. Fr example: Yu d nt need t type cmmas r dllar signs ($) when entering prices. Seller Financing See Purchase Mney. Seller General tab, Seller, Officers & Signatures screen. 1. Click the General tab. 2. Duble-click Seller, Officers & Signatures. 216

217 3. Enter the name f seller in the first field. If the buyer is cuple r partnership, enter the spuse/partner in the field directly belw the first name field. 4. Enter the address f the seller in the Address fields. Enter the street address r P.O. Bx in the first field and the city, state, and zip cde in the field directly belw the first. This is the address that will appear n the HUD-1 Settlement Statement. T enter a frwarding address, click Mre and use the Frwarding Address/Numbers fields. 5. If necessary, change the seller Type. By default, Male will appear fr single sellers and Plural will appear if a secnd name is entered. 6. Click Mre t enter SSN/TIN, phne and fax numbers, frwarding address, additinal ntes, r t edit signature lines and crprate fficers. 7. Enter Vesting and Interest % text t appear n dcuments such as Warranty Deeds and Deeds f Trust. (See Vesting and Interest % ). There is rm t enter up t 9 sellers. Each seller can be a single persn, a crpratin, r a pair such as a married cuple r partnership. A large scrllable screen will pen when yu click Mre. Use the scrll bars t access fields at the bttm f the screen such as Frwarding Seller Address / Numbers and Ntes. See Buyer / Brrwer Additinal Infrmatin. Prceeds The percentage f prceeds derived frm the sale fr a seller appears in the Prceeds field. The percentages in these fields will appear n the Divisin f Prceeds & 1099-S Data screen f the HUD-1 & Clsing tab. If there is mre than ne seller entered, the prceeds will be apprtined equally amng all sellers. The prceeds can be changed but they must ttal 100%. See Seller Prceeds fr mre infrmatin. SEE ALSO: 1099-S Data. Buyer/Brrwer. Default Buyer and Seller Relatinships. Selling Agent General tab, Real Estate Agents/Brkers screen. 1. Click the General tab. 2. Duble-click Real Estate Agents/Brkers. 3. Enter Selling Agent infrmatin in the Selling Agent/Brker (702) sectin. Fr example: 217

218 Yu can access brker cmmissins by clicking the Cmmissins buttn at the tp f the screen. Fr example: Yu can fill in the infrmatin fr each brker using the Lk-up table in the Agent/Brker Lk-up Cde field. Yu can add yur mst cmmnly used Agents t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. Servicer See Mrtgage Brker and Lan Servicer. Settlement Agent General tab, Settlement Agent, Underwriter, Offices screen. 1. Click the General tab. 2. Duble-click Settlement Agent, Underwriter, Offices. 218

219 Yu can fill in Settlement Agent infrmatin using the Lk-up table in the Settlement Agent Lk-up Cde field. Yu can add yur mst cmmnly used Agents t the Lk-up table, and retrieve them by simply entering a cde. See Lk-up Tables: Stre and Reuse Infrmatin. Settlement Date General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter the Settlement Date and press <tab>. The Disbursement, Prratin, and Recrding Dates will fill in autmatically with the Settlement Date. Calculatins that made n ther screens, such as tax and title charge prratins, are based n the settlement date. Fields linked t the Settlement Date will be recalculated autmatically whenever the settlement date is changed. Yu may edit infrmatin in a field that has been filled in autmatically. Hwever, nce yu make a manual entry t such a field, it will n lnger be updated autmatically if the settlement date is changed. T restre the link between the field and the settlement date, press <F2> in the field t clear the manual entry and then press <tab>. Signature Lines General tab, Buyer/Brrwer, Officers & Signatures and Seller, Officers & Signatures screens. 1. Click the General tab. 2. Duble-click Buyer/Brrwer, Officers & Signatures r Seller, Officers & Signatures. 3. Scrll dwn t the bttm f the screen and click Signature Lines. Anther way t get t buyer and seller signature lines is t click Mre n the main buyer r seller screen, and then Signature Lines. Tax/Map Id If map and parcel numbers are required n any printed dcument, yu can use the Tax/Map ID and Parcel ID fields. They are fund n the Prperty, Legal Descriptin screen f the General tab. 1. Click the General tab. 2. Duble-click Prperty, Legal Descriptin. 219

220 Taxes And Assessments HUD-1 & Clsing tab, City/Twn Taxes, Cunty Taxes, r Assessments screens. The tax screens are fr current perid taxes nly. If yu have past due taxes, use Lines , Lines 517, Click the HUD-1 & Clsing tab. 2. Duble-click City/Twn Taxes, Cunty Taxes, r Assessments. 3. Enter hw taxes are t be paid in the Status f Current Perid Taxes field. (See Status f Current Perid Taxes ). 4. Enter the Real Prperty Tax Amunt. Fr example: 5. Press <Tab>. Status Of Current Perid Taxes TO BE PAID BY BUYER PAY/PAID BY SELLER NO PRORATION/ ESCROW ONLY TOTAL TAX AMOUNT SELLER'S PORTION BUYER'S PORTION The buyer/brrwer is respnsible fr paying current perid taxes later in the tax perid. The seller's prtin f the taxes will be shwn n lines 210 and 510 (city taxes), 211 and 511 (cunty taxes), and 212 and 512 (assessments). The seller is t pay (r has already paid) current perid taxes. The buyer/brrwer's prtin f the taxes will be shwn n lines 106 and 406 (city taxes), 107 and 407 (cunty taxes), and 108 and 408 (assessments). N prratin f taxes will be dne at clsing. Taxes will be escrwed. The ttal tax amunt will be paid at clsing. Nte that the buyer/brrwer's and seller's prtins may be shwn n Page 1 (n lines 106 and 510). Only the seller's prtin f taxes will be paid t the taxing authrity at clsing. Taxes will appear n the HUD-1 Settlement Statement. Only the buyer/brrwer's prtin f taxes will be paid t the taxing authrity at clsing. Taxes will appear n the HUD-1 Settlement Statement. Tax Amunts Cmpute Tax Amunts Using D nt select any when yu want t manually enter tax amunts. Click the Rates & Values checkbx t use tax rate and tax value frmulas t autmatically calculate tax amunts. Click the Cmbined Billing checkbx t use the 220

221 cmbined city and cunty billing frmula. Click the HUD-1 Line dwn-arrw t select the line n the HUD-1 Settlement statement where the ttal appears. HUD-1 Line The HUD-1 Line lets yu select n what line the infrmatin is ging t appear. City/Twn Taxes defaults t line 1004; Cunty Taxes defaults t line 1005; Assessments defaults t line Real Prperty Tax Amunt Enter the amunt f real prperty tax. This amunt shuld crrespnd t the Current Tax Perid dates. Additinal Real Amunt Enter any additinal real prperty tax amunt t be paid, such as deferred taxes. This amunt will be prrated between the buyer and seller. Yu can enter a brief descriptin f the amunt in the Fr field. Seller s Nn-Prrated/Persnal Amunt Enter the seller s ttal persnal tax amunt. This amunt will nt be included in the prratin f taxes. It shuld include any amunts fr which the seller alne is 100% respnsible. Include any late payment amunts, past due amunts, late fees, r any amunt fr which the buyer shuld nt be held liable. Additinal Persnal Amunt Enter any additinal persnal r nn-prrated amunt f the seller. This amunt will be added t the Seller s Nn- Prrated/Persnal Amunt and included in the calculatin f the ttal tax amunt. Yu can enter a brief descriptin f the amunt in the Fr field. Ttal Tax Amunt The default fr this field is the sum f the real tax amunts and seller s nn-prrated/persnal amunts. Additinal Escrw Amunt Enter any additinal escrw amunt. This amunt will be added t the ttal tax amunt t calculate the Escrws t be Based n Tax Amunt field. Yu can enter a brief descriptin f the amunt in the Fr field. Escrws t be Based n Tax Amunt Enter the ttal amunt f taxes t be escrwed. The default fr this field is the sum f the Ttal Tax Amunts: and Additinal Escrw Amunt fields. Prepaid Tax Amunt Enter the amunt f taxes pre-paid by the seller. This amunt will be included in the ttal buyer s part f real estate taxes t be reimbursed t the seller n the Divisin f Prceeds and 1099-S Screen. Tax figures can be shwn as Paid Outside f Clsing (POC) by clicking Shw Tax Figures as POC. Rates & Values When the Rates & Values checkbx is selected, taxes will be calculated accrding t the tax rate and value frmulas set up n the Rates & Values screen. T set up tax rates and values, click the Rates & Values buttn. The Rates & Values dialg will appear. 221

222 Tax Rate The default fr the Tax Rate is per field is 100. Enter the increments in which the tax rate is t be applied in this field. Select the checkbx Rund Tax Value Up befre Using Rate t have tax values runded up befre the rate structure is applied. Then, enter the base tax rate fr the applicable jurisdictin in the Base Tax Rate field. Nte: The base tax rate must match the tax perid. Next, enter the amunt f any additinal tax rate in the Plus Additinal Rate field. Fr example, if there is an addn tax f $.05 per $ t be applied in additin t the tax being entered, enter.05 in this field. Enter a brief descriptin in the Fr field. Fr example: Enter the escrw tax rate in the Escrw Tax Rate field. This rate is used in the calculatin f the amunt f taxes t escrw the buyer/brrwer. The default fr this field is the base tax rate. Tax Values Enter the real prperty tax value in the Real Prperty Tax Value field. Or, enter the percentage f the sales price (in decimal equivalent) that yu want t use t calculate the real prperty tax value in the Sales Price X field. Fr example, if the real prperty tax value equals 85% f the sales price, enter.85. Enter the seller s persnal prperty tax value in the Persnal Prperty Tax Value field. This amunt will be used t charge the seller and credit the buyer n Lines 215 and 515. Enter the escrw tax value in the Escrw Tax Value field. Or, enter the percentage f the sales price (in decimal equivalent) that yu want t use t calculate the escrw tax value. 222

223 Cmbined City & Cunty Billing When the Cmbined Billing checkbx is selected, the tax rates n the city and cunty Rates & Values screens will be used t divide the tax amunts prprtinately between the city and cunty. T set up the cmbined billing ptin, click the Cmbined Billing buttn. The Cmbined Billing dialg will appear. Tax Disbursement Specify hw taxes shuld be disbursed in the Tax Disbursement sectin. HUD-1 Page 1 Figures HUD-1 Page 1 Figures are entered autmatically. Dates and amunts are derived frm the current tax perid, the number f days fr which the seller is respnsible (based n the Seller's Prtin is: and Days f fields), and the ttal real prperty tax amunt t be prrated. Dates and amunts will appear based n the selectin made in the Status f Current Perid Taxes field, which is at the tp f the Tax screens. The infrmatin als appears n page f the HUD Settlement Statement. Buyer s Prtin Of Real Estate Taxes If the Status f Current Perid Taxes is Pay/Paid by Seller, Pay at Clsing Ttal Amunt, r Pay at Clsing Buyer s Prtin, the buyer s prtin f real estate taxes will appear n the Divisin f Prceeds & 1099-S Data screen. 1. Click the HUD-1 & Clsing tab. 2. Duble-click Divisin f Prceeds & 1099-S Data. The default fr this field is the buyer s prtin f taxes appearing n Lines 106, 107, and

224 30-Day Mnth Tax Prratin Optin Select the 30 Day Mnths ptin t base the prrating f taxes n a 360-day year. When selected, PrFrm will calculate the number f days the buyer r seller is respnsible fr using 30 day mnths. T turn n 30-Day Mnth Prrating: Click 30 Day Mnths in the Tax Status and Dates sectin. Title Cmpany General tab, Sett. Agent, Title C., Underwriter, Offices screen. 1. Click the General tab. 2. Duble-click Sett. Agent, Title C., Underwriter, Offices. T Retrieve A Title Cmpany Frm The Lk-Up Table 1. Put the cursr in the Title Cmpany Lk-up Cde field. 2. Press <F9> t access the table. 3. Select an entry. 4. Click Retrieve Entry. T Add A New Entry T A Table 1. Enter infrmatin int the Title Cmpany fields that yu want t include in the entry. 2. Enter a cde fr the entry in Lk-up Cde field. 3. Press <F9> t access the table. 4. Click Insert Entry. Title Examiner General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter the Title Examiner name in the Title Examiner field. 224

225 The Clser, Title Examiner, and Escrwer fields are great places t create Lk-up tables. Yu can add yur mst cmmnly used Clsers, Title Examiners, and Escrwers t the Lk-up tables. See Lk-up Tables: Stre and Reuse Infrmatin. Transactin Type General tab, File N., Settlement Dates, Ntes screen. 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Enter Purchase, Refinance, r Equity in the Transactin Type field. Fr example: Trustee, Trustee Fee And Cmmissin General tab, Security Instruments, Trustee & Riders screen. 1. Click the General tab. 2. Duble-click Security Instruments, Trustee & Riders. 3. Enter the trustee name. (The Type field will default t Male. T change the type, select Female, Plural, Crpratin, r Other.) 4. Enter the text fr the "f " clause t be printed n any dcument that requires a trustee name with such a clause. 5. Enter the street address r P.O. Bx in the first Address field. Enter the city, state, and zip in the secnd field. 6. Enter the trustee s fee percentage and the minimum amunt f cmmissin. Trustee infrmatin is stred in the Lender Lk-up table. When adding a new lender that has a standard trustee t the Lender Lk-up table, enter the trustee infrmatin first befre entering the lender infrmatin. Then add the lender t the Lk-up table and the trustee infrmatin will be saved with it. Type Of Business General tab, File N., Settlement Dates, Ntes, Express Order Entry r Marketing Surce Infrmatin screens. 225

226 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Click Marketing Surce Inf. The Marketing Surce Infrmatin screen will appear. Yu can create a Lk-up table fr this field and stre all f yur mst cmmn business cdes. Creating A Type Of Business Lk-Up Table 1. Click the General tab. 2. Duble-click File N., Settlement Dates, Ntes. 3. Click Marketing Surce Inf. 4. Click inside the Type f Business field. 5. Press <Ctrl+L> r <F9>. 6. Click Yes t create a new Lk-up table. 7. The Create/Edit Lk-up Table windw will appear. 8. Type =Type next t TYPEOFBUS in the dialg bx. 9. Click OK and the Lk-up Table dialg bx appears. 10. Click Clse. Adding A New Type Of Business Cde T The Lk-Up Table 1. Make an entry t the Type f Business field. Fr example: 2. Press <Ctrl+L> r <F9>. 3. The TYPEOF BUS Lk-up Table windw will appear. Click Insert Entry. 226

227 4. Click Clse. Repeat steps 1-4 t add all f yur business cdes. Retrieve A Cde Frm The Lk-Up Table 1. Press <Ctrl+L> r <F9> in the Type f Business field. 2. Duble-click the entry yu want frm the Lk-up table. Or, select the entry and click Retrieve Entry. Underwriter General tab, Sett. Agent, Title C. Underwriter, Offices screen. 1. Click the General tab. 2. Duble-click Sett. Agent, Title C. Underwriter, Office. Yu can fill in the infrmatin fr the Underwriter using the Lk-up table in the Underwriter Lk-up Cde field. Yu can add yur mst cmmnly used Underwriters t the Lk-up table, and retrieve them by simply entering a cde. Lk-up Tables: Stre and Reuse Infrmatin. Use Of Prperty General tab, Prperty, Legal Descriptin screen. 1. Click the General tab. 227

228 2. Duble-click Prperty, Legal Descriptin. Prperty Use, Occupatin, and Zning fields are fund n this screen: If yu select Other, yu can enter a brief descriptin in the text field prvided. User Optinal Fields General tab, User Optinal Fields 1-25 and screens. 1. Click the General tab. 2. Duble-click User Optinal Fields 1-25 r fr blank scrllable text fields, r User Optinal Fields fr blank number and date fields. Yu can create yur wn text, number, and date fields n the User Optinal Fields screens f the General tab. These can be referenced in merge dcuments r custm-made ReadyDcs, ther fields, r Lk-up table entries. Defining User Optinal Fields T define a user ptinal field, first enter a descriptin f the field in the Descriptin clumn. Then, enter the text, numeric value, r date fr the field in the Value clumn. Fr example: These fields can be referenced in yur WrdPerfect & MS Wrd merge dcuments & custm-made ReadyDcs just like any ther SftPr field. Yu can set up ptinal fields in a template t save typing time with each new rder. SEE ALSO: PrFrm Field Names. Creating a Merge Dcument, in Chapter 10 f the SftPr Administratin Guide. Yield Spread Premium With PrFrm, it is easy t enter a yield spread premium, r any amunt paid t the Servicer r Mrtgage Brker by the Lender that is deducted frm the Lender s prceeds. 1. Click the General tab. 2. Duble-click Lan, Funding & PrTrust. 3. Enter the amunt f the yield spread premium in the first Disburse frm Lan Prceeds field. (There are tw lines available fr amunts t be disbursed frm the Lender s prceeds t the servicer r mrtgage brker.) 4. Chse either Servicer r Mtg Brker t receive the prceeds. 5. Enter Yield Spread Premium in the fr field. 228

229 Zning See Use f Prperty. 229

230 Chapter 5: Requirements and Exceptins - Standard Overview Entering a Requirement r Exceptin Frm a Lk-up Table Entering a Requirement Manually Entering An Exceptin Manually Adding a New Requirement r Exceptin t a Lk-up Table Imprting Text t Fill In a Requirement r Exceptin

231 Overview Yu can enter up t 30 requirements and 50 exceptins in the PrFrm Standard Package. The Requirements and Exceptins screens are fund n the Title Insurance tab. Entering a Requirement r Exceptin Frm a Lk-up Table 1. Click the Title Insurance tab. 2. Duble-click the Requirements r Exceptins screen that yu want. 3. Click inside the first field f the requirement r exceptin yu want t fill. 4. Press <F9> t access the Lk-up table. 5. Duble-click the selectin yu want. Entering a Requirement Manually T enter requirements manually enter the text directly int the large scrllable field. Enter a cde if yu want t save the exceptin t the Lk-up table. 231

232 Entering An Exceptin Manually T enter exceptins manually, enter the exceptin text, and select the plicies t which yu want the exceptin attached. Enter a cde if yu want t save the exceptin t the Lk-up table. Adding a New Requirement r Exceptin t a Lk-up Table 1. Enter the cde and text. 2. Put the cursr in the cde field. 3. Press <Ctrl+L> r <F9>. The Lk-up table will appear. 4. Click Insert Entry. Imprting Text t Fill In a Requirement r Exceptin When entering a requirement r exceptin fr the first time in PrFrm, yu can imprt text frm an existing text file withut having t retype it. 1. Click the requirement r exceptin text field (the larger scrllable field). 2. Press <Ctrl+Z> t pen the Scrllable Field Editr. 3. Click Read frm Text File. 4. Brwse fr the text file yu want t imprt, select it, and click Open. SEE ALSO: Scrllable Field Editr 232

233 Chapter 6: PrFrm Data Entry Tls Overview Lk-Up Tables: Stre And Reuse Infrmatin Saving Infrmatin T A Lk-Up Table What Fields Can Be Saved T A Lk-Up Table Retrieving Infrmatin Frm A Lk-Up Table Lk-Up Table Cdes Spell Check Right Muse Buttn Menu: Single-Click Access T Cmmn Features G T Feature Custmizing Yur G T List PrFrm Field Names Finding A Field Name Paid Outside Of Clsing (Pc) Partial POC Amunts Scrllable Field Editr Read Frm Text File Write T Text File

234 Overview PrFrm keeps yu fcused n finishing the rder, nt repeating keystrkes. PrFrm has several built-in features that take wrk ut f yur hands and give yu mre ptins t cmplete rders with efficiency. Sme f the features, such as Lk-up tables and the G T feature will drastically reduce the amunt f time yu spend entering data. Others, like Disbursement Status and Flex Checks, make PrFrm the mst adaptable real estate prgram n the market. Yu will find that PrFrm has the features built-in t handle any situatin. Lk-Up Tables: Stre And Reuse Infrmatin Lk-up tables are imprtant PrFrm time-savers that let yu save infrmatin yu want t reuse frm file t file. Yu can save all f yur Settlement Agents, Underwriters, Title Cmpanies, Lenders, Attrneys, and mre t Lk-up tables. When yu want t fill in data t a field that has a Lk-up table, press <F9> r <Ctrl> and <L> t pen the Lk-up table and duble-click the entry that yu want. Or, enter the Lk-up table cde fr the entry yu want and press <Tab>. If a field has a Lk-up table assciated with it, the LKUP indicatr will appear in the PrFrm status bar. Many fields in PrFrm cme with Lk-up tables created fr them. All yu have t d is add yur entries t existing tables t custmize them. Yu can, hwever, create new Lk-up tables fr any ther text field. SEE ALSO: Chapter 9 Lk-up Tables in the SftPr Administratin Guide. Saving Infrmatin T A Lk-Up Table 1. Enter the infrmatin that yu want t save as an entry t the table. Fr example: 234

235 Sme Lk-up tables nly cntain ne field, but thers, such as the Mrtgage Brker Lk-up table, cntain all f the Mrtgage Brker fields. In this case, yu can save infrmatin frm the entire Mrtgage Brker sectin t a single Lk-up table entry. 2. Enter a cde fr the entry in the Lk-up Cde field. 3. Press <F9> in the Lk-up Cde field. 4. The Lk-up Table windw will appear. Click Insert Entry. 5. The new entry will appear at the tp f the list. Click Clse t exit the Lk-up table. 6. T save anther Title Cmpany entry, press <F2> in each f the Title Cmpany fields t clear them. Then begin again by entering in new infrmatin. Yu nly have t make additins r edits t a Lk-up table in ne file. What Fields Can Be Saved T A Lk-Up Table The fields yu can save t any Lk-up table are part f the Lk-up table database. Yu can see what fields make up the Lk-up table database by pressing <F9> t access it and then lking acrss the tp f the Lk-up Table windw. Or, yu can click Mdify Table t view a list f the fields in the Lk-up table database. Retrieving Infrmatin Frm A Lk-Up Table 1. Click inside the Lk-up Cde field. 235

236 2. Press <F9> t access the Lk-up table. 3. Select the entry that yu want frm the table. 4. Duble-click the entry r click Retrieve Entry. Sme Lk-up entries, like the Title Cmpany, fill in mre than ne field. PrFrm cmes with many blank Lk-up tables already set up fr yu t add yur entries. Lk-Up Table Cdes Yu dn t have t access the Lk-up table if yu knw the cde fr the entry yu want. Enter the cde in the Lk-up Cde field and press <Tab> t retrieve the entry. 236

237 Spell Check In PrFrm, yu can spell check text, scrllable, and alphanumeric fields. 1. Put the cursr in the field yu want t check spelling and press <F7>. Or, right-click the field and select Check Spelling. Fr example: 2. If an unrecgnized r misspelled wrd is fund in the field, the Check Spelling dialg will appear. T change the wrd, click ne f the suggested wrds and click Change. T ignre the wrd, click Ignre r Ignre All. Yu can add a wrd t the spell checker dictinary by clicking Add. Click Help fr mre infrmatin abut the spell checker utility. Right Muse Buttn Menu: Single-Click Access T Cmmn Features Yu can access a menu f useful features by clicking the right muse buttn in any PrFrm field. Fr example: 237

238 MENU ITEM KEYBOARD SHORTCUT DESCRIPTION > Next <Page Dwn> Jump t the next screen. < Previus <Page Up> Jump t the previus screen. G T <Ctrl+G> Use the SftPr G T feature. Dne <Esc> Clse the menu. Calculatr <F8> Use the SftPr Calculatr. Check Spelling <F7> Spell check the cntents f the current field. Lkup <Ctrl+L> View Lk-up table fr the current field. Save File <Ctrl+S> Save the pen PrFrm file. Help <F1> View help fr the current field. G T Feature Anther way t mve arund a PrFrm file is t use the G T feature. With the G T feature, yu can jump t any field frm any ther field in a PrFrm file. Fr example, let s say yu wanted t jump frm the first buyer name field t the first seller name field. 1. The cursr is in the first buyer name field n Screen 3 f the General tab. 2. Press <Ctrl+G>. The G T windw will appear. 3. Use the scrll bar t scrll dwn the list f fields until yu find Seller. 4. Duble click Seller. 238

239 Yu can mdify the list f fields n the G T windw. See Custmizing Yur G T List. 5. The cursr will jump t the first seller n Screen 4 f the General tab. Custmizing Yur G T List The list f G T fields is ttally custmizable. Yu can add fields that yu use mst frequently r edit the list at any time. It s like creating a "speed dial" feature n the telephne prgrammed with yur mst ppular numbers. The list f G T fields is cmpletely custmizable. Adding a field t the G T list: 1. Press <Ctrl+G> with a screen pen, r chse Windw/GT. The G T dialg will appear. 2. Click Insert. The Insert G T Field dialg will appear. 3. Enter the SftPr field name in the Field Name field. Enter the label fr this field that yu want t appear in the G T list in the Label field. (See PrFrm Field Names. ) 4. Select OK. The new entry will appear at the tp f the G T list. Deleting a field frm the GT list: 1. Press <Ctrl+G> with a screen pen, r chse Windw/GT frm the menu. The G T dialg will appear. 2. Select the field yu want t delete frm the list. 3. Select Delete. PrFrm Field Names PrFrm Field Names are used t create and edit G T lists, Lk-up tables, and are inserted int WrdPerfect r MS Wrd dcuments t create merge dcuments. 239

240 Finding A Field Name T find ut what the field name is fr any field in PrFrm, click inside the field yu want. The field name fr the field will appear in the status bar at the bttm f the screen. (The status bar always displays the name f the current field.) In the example abve, the cursr is in the Settlement Agent Lk-up Cde field. The PrFrm name fr this field is FIRMCODE. The field name appears in the status bar next t the Lk-up table indicatr (LKUP). Yu can lk up field names using the PrFrm Screens and Field Names Guide. This handy reference guide can be fund in the \Tls\Screens directry n the SftPr installatin CD. Paid Outside Of Clsing (Pc) Yu can enter an amunt that is t be paid utside f clsing by substituting an asterisk (*) fr a decimal pint. Fr instance, fr a $50.00 POC amunt, enter 50*00 (fr a POC amunt f $50.75, enter 50*75). Fr POC amunts up t $9,999,999.00, the amunt and the abbreviatin POC appears in the Re field n any line in which a POC amunt is entered. Refer t the example belw: 240

241 Select Calculatin Optin 2 n the HUD-1 Optins screen t have a b (fr buyer/brrwer) r s (fr seller) entered alng with the amunt in the Re field. This can help yu identify which party paid the amunt. Partial POC Amunts If an amunt is partially POC and the balance due is being cllected at clsing, enter the amunt t be cllected at clsing in the Brrwer r Seller clumn (using decimal pints). Then manually enter the POC amunt (with the abbreviatin POC befre it) in the Re field. The infrmatin in a Re field is printed n the HUD-1 Settlement Statement t the left f the Brrwer clumn. Scrllable Field Editr Press <Ctrl+Z> in any scrllable field t pen the Scrllable Field Editr. With the Scrllable Field Editr yu can imprt existing text files t fill the field, save text t a file, r spell check the field. Read Frm Text File Use Read frm Text File t imprt text frm an existing text file (*.txt) int a scrllable field. 1. Click Read frm Text File. 2. Put the cursr in a scrllable field. 3. Press <Ctrl> and <Z> tgether. The Scrllable Field Editr will pen. 4. Click Read frm Text File. The Open dialg will appear. 5. Brwse fr and select the text file yu want t imprt. 6. Click Open. 241

242 Write T Text File Click Write t Text File t save the cntents f a scrllable field t a text file. In the future, yu can imprt the infrmatin frm the saved text file t fill in data fr ther rders. 1. Put the cursr in a scrllable field. 2. Press <Ctrl> and <Z> tgether. The Scrllable Field Editr will pen. 3. Click Write t Text File. The Save As dialg will appear. 4. Select the flder in which yu want t save yur text file. 5. Enter a name in the File name field. By default the file will be saved with the extensin.txt. 6. Click Save. 242

243 Chapter 7: Printing Dcuments Overview Printer Requirements Dcument Mdes Printing ReadyDcs Printing A HUD-1 Settlement Statement Creating Yur Own ReadyDc Flder Printing Dcuments In Yur Flder Printing All Dcuments In A Flder At Once Dcument Histry Faxing ReadyDcs Frm PrFrm Print T.PDF In PrFrm System Requirements Fr PrFrm Print T.PDF Printing A.PDF File Frm PrFrm PDF Dcuments Frm PrFrm

244 Overview PrFrm includes the HUD-1 Settlement Statement, HUD-1A, Title Cmmitments and Plicies, and ver 150 ther ReadyDcs (ready-t-print dcuments). This chapter explains hw t print and preview ReadyDcs, fax r dcuments frm PrFrm, and use PrFrm s unique DcChek feature t edit a dcument right n screen. Printer Requirements Windws - cmpatible printer with 2Mb memry. A laser printer is recmmended. Greatland dcuments print best using the HP4 printer driver. Switch t an HP4 printer driver when printing Greatland dcuments fr ptimum results. Dcument Mdes With PrFrm, yu can enter data fr up t 3 lans in the same file (t be shwn n the same HUD-1 Settlement Statement). Sme ReadyDcs cntain infrmatin that can be different fr each lan in the file. Befre printing a lan-specific dcument (such as a Title Insurance Invice) fr Lan 2 r Lan 3, select a Dcument Mde. This will let PrFrm knw which lan yu want t appear in the dcument. T change the Dcument Mde, click the lan number that yu want n the PrFrm tlbar: Lan 1 Lan 2 Lan 3 Yu must select L1 (Lan 1) befre printing r previewing general clsing dcuments such as the HUD-1 Settlement Statement. By default, Lan 1 is selected. Printing ReadyDcs Befre printing a dcument select the crrect Dcument Mde. Select L1 fr general clsing dcuments. Click L2 r L3 t view dcuments fr Lans 2 and 3 as needed. 1. Click File/Print. (Or press <Ctrl> and <P>.) The ReadyDcs Selectin dialg will appear. 2. Brwse fr the dcuments yu want t print in the Available ReadyDcs windw. 244

245 3. T select a dcument, click it and then click the >> buttn. This will make it appear in the Selected ReadyDcs windw. (Yu can print multiple dcuments, but yu can nly select ne at a time.) T print an entire flder, click the flder and then click the >> buttn. 4. After selecting dcuments, click OK. 5. The Print dialg will appear. If necessary, chse a printer and number f cpies. Click OK t print. Printing A HUD-1 Settlement Statement Fllw alng t print a HUD-1 Settlement Statement. (Actually, yu can print any ReadyDc by fllwing the same instructins. Just substitute the dcument yu want fr the HUD-1 Settlement Statement.) Make sure that Dcument Mde fr Lan 1 is selected befre printing the HUD-1 Settlement Statement r any ther general clsing dcument. By default, Lan 1 is selected. (See Dcument Mdes. ) 1. Click File/Print. (Or press <Ctrl> and <P> tgether.) 2. The ReadyDcs Selectin dialg will appear. Duble-click the flder named SftPr ReadyDcs Tree. 245

246 3. Duble-click the flder named HUD-1 & Clsing. 4. Duble-click the flder named HUD-1 Dcuments. 5. Yu can chse frm a legal, letter, r large-print HUD-1 Settlement Statement. In this example, we will print the legal-sized dcument. Duble-click the flder named HUD-1, Legal. 6. Click HUD-1, Pg 1 (Legal). 7. Click the >> buttn. HUD-1, Pg1 (Legal) will appear in the Selected ReadyDcs windw. 246

247 8. Click HUD-1, Pg2 (Legal). 9. Click the >> buttn. HUD-1, Pg2 (Legal) will appear in the Selected ReadyDcs windw. 10. Click OK. 11. The Print dialg will appear. Click OK. Yu can cpy the HUD-1 Settlement Statement and any ther dcuments t yur wn flder in the User ReadyDcs Tree. (See Creating Yur Own ReadyDc Flder. ) Creating Yur Own ReadyDc Flder Yu can create yur wn flders t stre the ReadyDcs that yu use mst ften. This will save yu time when brwsing fr a dcument yu need t print. The SftPr ReadyDcs Tree cntains every ReadyDc that cmes with PrFrm. If yu were t cpy nly thse dcuments that yu use mst int yur wn flder, yu wuld nly have t brwse that flder t find the dcument yu need. Yu can create yur wn flders using the ReadyDcs Manager. In the example that fllws, we will create a flder called Daily Dcuments. We will cpy the legal-sized HUD-1 Settlement Statement t this flder. 1. Click Tls/ReadyDcs Manager. 247

248 2. The ReadyDcs Manager will appear. Click the flder named User ReadyDcs Tree. 3. Click Insert New Flder. 4. A new flder will appear belw the User ReadyDcs Tree. 5. Enter a name fr the flder. 6. Press Enter. 7. The flder is created. Nw, we will cpy the legal-sized HUD-1 Settlement Statement frm the SftPr ReadyDcs Tree int the new flder. Duble-click the flder named SftPr ReadyDcs Tree. 8. Duble-click the HUD-1 & Clsing flder. 9. Duble-click the HUD-1 Dcuments flder. 10. Duble-click the HUD-1, Legal flder. 248

249 11. Select HUD-1, Pg 1 (Legal). 12. Press and hld the left muse buttn and drag the dcument ver t the Daily Dcuments flder. Release the buttn when the muse cursr is ver the Daily Dcuments flder. 13. A plus sign will appear next t the new flder when the dcument is successfully cpied t it. 14. Drag and drp HUD-1, Pg 2 (Legal) t the Daily Dcuments flder in the same way. (Yu can drag and drp as many dcuments as yu want using the same technique.) 15. Duble-click the new flder t view the dcuments inside. 16. Click OK t save the new flder and clse the ReadyDcs Manager. Printing Dcuments In Yur Flder Flders yu create will be stred under the User ReadyDcs Tree. When printing, previewing, r pening a dcument in DcChek, duble-click the User ReadyDcs Tree t brwse t yur flder and then duble-click yur flder t select a dcument. 249

250 Printing All Dcuments In A Flder At Once Yu can print an entire flder s wrth f dcuments at nce by dragging the flder t the Selected Dcuments windw. In the example belw, we will print all f the dcuments that were cpied t the Daily Dcuments flder in the previus exercise. 1. Click File/Print. (Or press <Ctrl> and <P> tgether.) 2. Duble-click the User ReadyDcs Tree flder. 3. Drag and drp the entire flder yu want t print t the Selected Dcuments windw. 4. Click OK. Dcument Histry The Dcument Histry is a recrd f all dcuments that have been printed frm the current PrFrm file. (This includes ReadyDcs, WrdPerfect and MS Wrd Merge Dcuments, and Transactin Frms.) The Dcument Histry includes the date and time a dcument was printed, the user that printed the dcument, and the dcument title. It can be viewed n screen r printed. Click File/Dcument Histry, press <Ctrl> and <U> tgether, r click n the PrFrm tlbar. 250

251 Faxing ReadyDcs Frm PrFrm Yu can fax any ReadyDc frm PrFrm by selecting yur fax driver (instead f yur printer) n the Print dialg. In the example belw, we will fax a HUD-1 Settlement Statement. Nte that yu must install and set up a fax driver f yur chice befre yu can fax ReadyDcs frm PrFrm. 1. Click File/Print. (Or press <Ctrl> and <P> tgether.) 2. The ReadyDcs Selectin dialg will appear. 3. Duble-click the flder named SftPr ReadyDcs Tree. 4. Duble-click the flder named HUD-1 & Clsing. 5. Duble-click the flder named HUD-1 Dcuments. 6. Duble-click the flder named HUD-1, Legal. 7. Click HUD-1, Pg1 (Legal). 8. Click the >> buttn. HUD-1, Pg1 (Legal) will appear in the Selected ReadyDcs windw. 9. Click HUD-1, Pg2 (Legal). 10. Click the >> buttn. HUD-1, Pg2 (Legal) will appear in the Selected ReadyDcs windw. 11. Click OK. 12. The Print dialg will appear. Enter yur fax driver in the Name field. (Click the arrw and select yur fax device frm the list.) 13. Click OK. Yu can fax reprts frm PrFrm by selecting Reprts/Print and entering yur fax driver n the Print dialg. Print T.PDF In PrFrm With PrFrm Enterprise Editin, yu can print any ReadyDc as a.pdf file! Prtable Dcument Frmat (PDF) frm Adbe is the standard fr secure and reliable distributin and exchange f electrnic dcuments and frms. Yu can send.pdf files as attachments t messages. Anyne with Adbe Reader, which is a free utility available frm can read and print the.pdf file. It is recmmended that yu use Adbe Reader Versin 6.0 r higher when viewing and printing.pdf files prduced with PrFrm. 251

252 System Requirements Fr PrFrm Print T.PDF Befre printing.pdf files frm PrFrm, each user must have permissin t lad and unlad device drivers. A system errr will appear if yu attempt t print a.pdf file frm PrFrm withut having this permissin. If this ccurs, cntact yur System Administratr t edit the Lcal Security Plicy and Security Optins as fllws: 1. Click Start/Prgrams/Administrative Tls/Lcal Security Plicy. 2. Duble-click the Lcal Security Plicy flder. 3. Duble-click the User Rights Assignment flder. 4. Set the Lad and unlad device drivers plicy fr bth the Lcal Setting and Effective Setting t Administratrs, Pwer Users, Users. 5. Duble-click the Security Optins flder. 6. Set the Prevent users frm installing printer drivers plicy fr bth the Lcal Setting and Effective Setting t Disabled. Printing A.PDF File Frm PrFrm 1. Click File/Print t.pdf. The ReadyDcs Selectin dialg will appear. 2. Brwse fr the dcuments yu want t print in the Available ReadyDcs windw. 3. T select a dcument, click it and then click the >> buttn. This will cpy it t the Selected ReadyDcs windw. (Yu can print multiple dcuments, but yu can nly select ne at a time.) T print an entire flder, click the flder and then click the >> buttn. 4. After selecting dcuments, click OK. The Save As dialg will appear. 5. Enter a name fr the dcument, select a flder t save it in, and click Save. 252

253 6. Once saved, yu can read a.pdf file using Adbe Reader r Adbe Acrbat, r send the.pdf file as an attachment. If yu select multiple dcuments t print at nce, they will all be included in ne.pdf file. T create ne.pdf file per dcument, print ne at a time. PDF Dcuments Frm PrFrm Yu can directly frm PrFrm r PrTrust a PDF versin f any dcument r reprt that yu can print. Simply select SftPr/PDF995 as the printer. 1. Click File/Print in PrFrm. 2. The ReadyDcs Selectin windw will appear. Select the ReadyDcs yu want t . (Multiple ReadyDcs will be sent in ne PDF file.) 3. Click OK. 4. The Print dialg will appear. Select the SftPr/PDF995 printer. 5. Click OK. 6. The PDF995 Save As dialg will appear. Chse a flder t save a cpy f the PDF file. By default, the PDF file will be named after the PrFrm file. Yu can enter a different name in the File name field. 253

254 7. Click Save. A new will pen. The PDF file cntaining the selected ReadyDcs will appear as an attachment. 8. Enter the recipient address, carbn cpy recipients, and a subject line as necessary. 9. Click Send. 254

255 Chapter 8: DcChek Overview DcChek: Edit A Dcument On Screen Viewing A Dcument In DcChek Using DcChek T Edit A File Editing A HUD-1 Settlement Statement With DcChek

256 Overview DcChek is an exclusive built-in feature f PrFrm that takes data entry and dcument editing t a new level. It allws the user t lk at a dcument n screen and click n the dcument t enter data. DcChek is a great way t enter data int a file, r t make finishing tuches t a dcument befre printing it. This chapter will shw yu hw t view a dcument in DcChek, and hw t use DcChek t enter data. DcChek: Edit A Dcument On Screen An effective way t cmplete r edit a dcument is t use DcChek. When yu pen a dcument in DcChek, it will cntain Ht Spts. Ht Spts are areas f a dcument where data frm a PrFrm file shuld appear. PrFrm File DcChek Windw When yu put yur muse cursr ver a Ht Spt it will change clr. When yu duble-click a Ht Spt, the cursr will jump t the field in the file where the infrmatin cmes frm. After entering (r editing) infrmatin in the file, press <Esc> t clse the data entry screen and return t the dcument. Yur changes will be reflected immediately n screen! Befre pening a dcument in DcChek select the crrect Dcument Mde. Select L1 fr general clsing dcuments. Click L2 r L3 t view dcuments fr Lans 2 and 3 as needed. (See Dcument Mdes. ) Viewing A Dcument In DcChek 1. Duble-click the dcument yu want t pen in the ReadyDcs windw f the file. 256

257 2. The dcument yu selected will appear in a separate DcChek windw. The DcChek windw can be resized, maximized, minimized, r clsed like any ther windw. T clse DcChek, press <Esc> r click. Using DcChek T Edit A File When viewing a ReadyDc in DcChek yu can enter r edit data using the Ht Spts that appear in the dcument. Ht Spts are links t yur PrFrm data file. When yu duble-click n a Ht Spt, the cursr jumps t the crrespnding field in the current data file. A Ht Spt can be identified with the muse pinter. The pinter will change clr when mved ver a Ht Spt: 257

258 T edit data using DcChek: 1. Duble-click the dcument yu want in the ReadyDcs windw. The DcChek windw will pen n tp f yur PrFrm desktp. 2. Click the Maximize buttn n the DcChek windw t expand the windw t full size. 3. Duble-click the HtSpt n the dcument that cntains the data yu want t edit. 4. The PrFrm screen where the HtSpt data was entered will pen. Make yur changes t the data as needed. 5. Press <Esc> t clse the PrFrm screen and return t DcChek. The changes yu made will appear instantly in the dcument: Editing A HUD-1 Settlement Statement With DcChek In the example belw, we will enter an Appraisal Fee f $75.00 n Line 803 f the HUD-1 Settlement Statement using DcChek. Yu can enter all f the infrmatin int the HUD-1 Settlement Statement using DcChek in the same way. 1. Duble-click the SftPr ReadyDcs Tree flder. 258

259 2. Duble-click the HUD-1 & Clsing flder. 3. Duble-click the HUD-1 Dcuments flder. 4. Duble-click the HUD-1, Legal flder. 5. Duble-click HUD-1, Pg 2 (Legal). 6. Page 2 will appear in the DcChek windw. Mve the muse cursr ver the PAID FROM BORROWER S FUNDS AT SETTLEMENT clumn f Line 803 (Appraisal Fee). 7. Duble-click the Ht Spt when the cursr changes clr. Screen 5 f the HUD-1 & Clsing 259

260 tab will pen. The cursr will appear in the Brrwer clumn f Line 803. Enter Press <Esc>. The screen will clse and yu will return t DcChek. The Appraisal Fee will appear n Line

261 Chapter 9: Micrsft Wrd Merge Overview Printing Micrsft Wrd Merge Dcuments Printing A Buyer s Transmittal (Micrsft Wrd) Setting Up Yur Own Merge Dcument Flders Printing All Dcuments In A Flder At Once

262 Overview SftPr cmes with a library f WrdPerfect and Micrsft Wrd dcuments that yu can print directly frm PrFrm. These special dcuments cntain SftPr field references in them. When yu print a Merge Dcument, infrmatin frm the PrFrm file that yu have pen fills in thrughut the dcument. The cmpleted dcument will pen in WrdPerfect r Micrsft Wrd (depending n the type f Merge Dcument yu chse). Yu can save, edit r print the dcument frm WrdPerfect r Micrsft Wrd. This chapter cvers hw t print bth WrdPerfect and Micrsft Wrd Merge Dcuments frm PrFrm. Yu will als learn hw t set up yur wn flders t stre yur mst cmmnly used Merge Dcuments. Printing Micrsft Wrd Merge Dcuments The SftPr Wrd Merge Macr must be installed in rder t print Micrsft Wrd Merge Dcuments. See Micrsft Wrd Merge and Print Macr Installatin in the SftPr Administratin Guide. 1. Clse any pen cpies f Micrsft Wrd. 2. Open the PrFrm file that yu want t print frm. 3. Click File/MS Wrd Merge. 4. The MS Wrd Merge Dcument Selectin dialg will appear. 5. Brwse fr the dcuments yu want t print in the Available Dcuments windw. T select a dcument, click it and then click the >> buttn. This will make it appear in the Selected Dcuments windw. (Yu can print multiple dcuments, but yu can nly select ne at a time.) 6. If yu are printing several dcuments, and want each t pen in a separate dcument in Wrd, click Merge as separate dcuments. (Otherwise, the merged dcuments will be separated by page breaks gruped int ne dcument.) 262

263 7. After selecting dcuments, click OK. 8. If the dcument yu selected cntains a prmpt, the Prmpts Dialg will appear. Enter the required infrmatin fr each prmpt and click OK t cntinue. (If yu are printing several dcuments, a separate Prmpts Dialg will appear fr each dcument.) 9. Click OK t cntinue. Yur Micrsft Wrd prgram will pen and the dcument will appear. Click File/Save t save the dcument, r File/Print t print it. If yu want t print mre MS Wrd Merge Dcuments frm PrFrm, be sure t save r print the cmpleted dcuments first and clse Micrsft Wrd. Printing A Buyer s Transmittal (Micrsft Wrd) Fllw alng with the exercise belw t print a Buyer s Transmittal in Micrsft Wrd frmat. Yu can print any Wrd Merge Dcument by fllwing the same instructins. (Substitute WrdPerfect fr Micrsft Wrd t print any WrdPerfect Merge Dcument.) 1. Click File/MS Wrd Merge. 2. The MS Wrd Merge Dcuments Selectin dialg will appear. 3. Duble-click the flder named SftPr MS Wrd Dcuments Tree. 4. Duble-click the flder named HUD-1 & Clsing. 263

264 5. Click Buyer s Transmittal. 6. Click the >> buttn. Buyer s Transmittal will appear in the Selected Dcuments windw. 7. Click OK. The fllwing message will appear. 8. Click OK t cntinue. 9. The Prmpts Dialg will appear. 10. Cmplete the prmpt by entering a name in the Prmpt Data clumn. 11. Click OK t cntinue. 12. The Buyer s Transmittal will pen in Micrsft Wrd. 13. Click File/Print. The Print dialg will appear. 14. Click OK. Always prf yur Merge Dcument after merging. Blank spaces will appear fr infrmatin that is missing in the PrFrm file. Enter the missing infrmatin in the PrFrm file and then merge the dcument again, r, manually 264

265 edit the dcument in Micrsft Wrd befre printing. (Hwever, manually editing the dcument in Wrd will nt fill in missing infrmatin in the PrFrm file.) Setting Up Yur Own Merge Dcument Flders Yu can create yur wn flders t stre the WrdPerfect and Micrsft Wrd dcuments yu use mst ften. In the example belw, we will create a flder fr an emplyee named Jane. Jane prints WrdPerfect Lan Package Transmittals and Payff Transmittals just abut every day. We will create a flder fr her t keep these dcuments using the WrdPerfect Dcuments Manager. (Fr Wrd, substitute MS Wrd fr WrdPerfect in the instructins.) 1. Click Tls/WrdPerfect Dcuments Manager. 2. The WrdPerfect Dcuments Manager appears. Click the flder User WrdPerfect Dcuments Tree. 3. Click Insert New Flder. 4. A new flder will appear belw the User WrdPerfect Dcuments Tree. 5. Enter a name fr the flder. Fr example: 6. Press Enter. 7. The flder is created. Nw, we will cpy the Lan Package Transmittal and Payff Transmittal frm the SftPr WrdPerfect Dcuments Tree int the new flder. Duble-click the flder named SftPr WrdPerfect Dcuments Tree. 8. Duble-click the HUD-1 & Clsing flder. 265

266 9. Select Lan Package Transmittal with the left muse buttn. 10. Press and hld the muse buttn and drag the dcument ver t the flder yu have created. Release the buttn when the muse cursr is ver the new flder. 11. A plus sign will appear next t the new flder when the dcument is successfully cpied t it. 12. Drag and drp the Payff Transmittal t the new flder just like yu did the Lan Package Transmittal. (Yu can cpy as many dcuments as yu want using the same technique.) 13. Duble-click the new flder t view the dcuments inside. 14. Click OK t save the new flder and clse the WrdPerfect Merge Dcuments Manager. Printing All Dcuments In A Flder At Once Yu can print an entire flder s wrth f dcuments at nce by dragging the flder t the Selected Dcuments windw. In the example belw, we will print all f the dcuments that were cpied t Jane s Daily Dcs flder in the previus exercise. 1. Click File/WrdPerfect Merge. 2. The WrdPerfect Merge Dcuments Selectin dialg will appear. Duble-click User WrdPerfect Dcuments Tree. 3. Drag and drp an entire t the Selected WrdPerfect Merge Dcuments windw. 4. Click OK. Yu can create yur wn merge dcuments using WrdPerfect and Micrsft Wrd. See Creating a Merge Dcument in the SftPr Administratin Guide fr infrmatin. 266