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      3413 UCD Section Amt required on Purchase when Integrated Disclosure due from Borrower

      - When Loan purpose Type is equal to Purchase, and Integrated Disclosure Section Type is equal to 'DueFromBorrowerAtClosing', the UCD Section Total Amount must be present and equal to or greater than zero.

       

      1. Open the loan file in Point.

      2. Navigate to Forms > Loan Estimate from the top menu.

      3. Use the Purpose dropdown to verify the selection is Purchase.

      3413 a

      4. Navigate to the Closing Disclosure Pg. 3.

      5. Scroll down to the Summaries of Transaction section.

      6. Enter an Amount for any listed Adjustments.

      3413 b

      Note: If thee are no Adjustments entered in this section, navigate to the Closing Costs Worksheet and locate any fees that are mislabled as Borrower Paid with no other information and clear them.