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3415 Integrated Disclosure Amt Paid by Borrower required on Purchase
- When Loan Purpose Type is equal to Purchase, and Integrated Disclosure Section Type is equal to 'PaidAlreadyOrOnBehalfOfBorrowerAtClosing', the Integrated Disclosure 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.
4. Navigate to the Closing Disclosure Pg. 2 and locate any Borrower-Paid items that are missing an Amount entry.
5. Navigate to the Closing Costs Worksheet to complete the data entry for those same items.
