Fee Disclosure Treatment under the Integrated Disclosures A Work in Progress Fee Name Amount Loan Estimate Section

Transcription

1 Disclosure Treatment under the Integrated Disclosures A Work in Progress ame Amount Loan Estimate Section Tolerance Closing Disclosure Section Section Application Appraisal Attorney Review Closing paid to Settlement Agent Must be listed under Title Title) Compensation paid by creditor to 3 rd party loan originator (Salaries, Commissions, compensation considered to be points and fees) Compensation paid by borrower to 3 rd party loan originator Compensation of a LO paid indirectly by the Creditor. Appraisal Attorney Review ot itemized on LE Did ot Appraisal -0- Did ot Attorney Review 0% (Paid by Others L) 0% Paid by borrower Reg Z APR? B-01 B-02 (in APR)

2 Disclosure Treatment under the Integrated Disclosures A Work in Progress through the interest rate Consumer Credit Counseling Credit Report s Consumer Credit Counseling Credit Report -0- Did ot Consumer Credit Counseling -0- Did ot Credit Report B-03 B-04 Cure Owed Tolerance Cure Owed) Daily Interest (Odd Days Interest) Refer to Prepaid Interest Discount Points Document Prep to (Caution: Many documents prohibit a doc prep fee) Escrow (Any amounts escrowed) Prepaid Interest A. Origination A. Origination G. Initial Escrow Payment at Closing if LE reflects reasonable amount 03 Prepaid Interest -0- A. Origination -0- B. Origination but must be disclosed G.Initial Payment at Closing F-03 A-01 A-04 G-01-07

3 Disclosure Treatment under the Integrated Disclosures A Work in Progress Itemize -0- B-05 Did ot Determination Determination Determination Premium-ot escrowed Premium Escrowed Escrow) Monitoring Ground Rent Recording s) Hazard Premium HOA s Home Warranty Ins Premium Monitoring Aggregated with Recording s name but must be disclosed if required 04 Premium -0- Did ot Monitoring but must be disclosed if required on LE is made using best information available Aggregated with Recording s name F-04 B-06 F-01 H H

4 Credit - general Credit -specific Mortgage (Up Front) Mortgage (Premium escrowed) s (Constructionrelated that are required) s not required by (Refer to s) Location Drawing Survey) otary not paid to J.Total Closing Costs et out the credit on the applicable line G. Initial Escrow Payment at Closing s available 0% (cannot decrease, even if fee decreases) J.Total Closing Costs Credits disclose as a negative figure paid by borrower 0% Closing Cost Details Specific Item Paid By Others L 0% 0% G. Mortgage 0% Did ot s 10% Did ot s J Disclosure Treatment under the Integrated Disclosures A Work in Progress name on LE is made using best information name Paid by Seller Applicable line A-H F-02 G-02 (Zompincluded in payment and APR) B-07 B-07

5 Disclosure Treatment under the Integrated Disclosures A Work in Progress s -0- A-01 A. Origination Origination (Points) Overnight Wire ) Pest if required by Prepaid Interest Processing paid to Property Taxes (not escrowed Rate Lock Realtor Commission Recording s C.Services ou Can Shop For Pest name E. Taxes and Other Gov t s 10% if Disclosed Provider Chosen/ if other chosen - Either Did ot Shop for To: (if Vendor chosen) OR: C.Services Borrower Did Pest (if Vendor not chosen) Prepaid Interest 0% is reasonable Property Taxes 0% on LE is made using best information available name paid by Seller (or as sales contract mandates) 10% E. Taxes and Other Government s Break down Deed and Mortgage unless noted optional F-03 A F-04 H E-01

6 Disclosure Treatment under the Integrated Disclosures A Work in Progress /A Summaries of L and Transactions Seller credit to fix washer issue at walkthrough Septic s) Settlement must be listed under Title (see Title) Stamps (See Transfer Taxes) Subordination Survey (if required by ) Survey not required by Refer to Tax Return Transcript s) Tax Service Subordinaion C.Services ou Can Shop For -0- Did ot Subordination 10% if disclosed Provider chosen/ if other chosen Either Did ot Shor for (if Vendor chosen) OR: C.Services Borrower Did (if Vendor not chosen) -0- B-07 B if Vendor chosen; C if borrower chose their own B-07

7 Disclosure Treatment under the Integrated Disclosures A Work in Progress Did ot Tax Service Tax Service Termite s) Title s Must be itemized with Title preceding specific fee name Title Doc Prep (Caution obtain list of permitted docs that this reasonable charge covers) Title- Binder Title- s Title Policy Title Title Search Title Settlement/ Closing Title-Owner s Title Tolerance Cure C.Services ou Can Shop For 10% if disclosed Provider chosen/ if other chosen if reasonable Either Did ot Shor for (if Vendor chosen) OR: C.Services Borrower Did (if Vendor not chosen) /A /A J. Total Closing Costs Credit Includes amount that exceeds limitations on increases in closing cost of $ B if Vendor chosen; C if borrower chose their own H J if reas and if no fee to prepare RESPA /TIL docs Except Settlement or Closing -

8 Disclosure Treatment under the Integrated Disclosures A Work in Progress Reflect as negative figure paid by borrower Transfer Taxes Consumer Paid Transfer Taxes Seller Paid Underwriting (retained by and required by ) of Employment and Income (paid to 3 rd party and required by ) for third party service not required by Well Certification s) Wire (Retained by ) E. Taxes and Other Gov t s 0% E. Taxes and Other Government s ot shown /A E. Taxes and Government s 02 Transfer Tax Seller Paid (at Closing/Before Closing) name A. Origination 0% 0% 0% Did ot Tax Service on LE is made using best information available name -0- Charge Wire E-02 E-02 B H A-04 (unless noted as Optional)