6466 Adding DocMagic FHA MIP Refund

MIP refund data needs to be entered in multiple locations

First Location: Borrower Information > Mtg Insurance Pop-up

Ensure the Refundable Type is set to Refundable or Refundable with Limits

Second Location: eLoan File > Additional Loan Data

Enter the MIP Refund Amount in the MIP Refund field highlighted below.

Third Location: Fee Worksheet/Closing Costs Worksheets

A fee with a negative amount will need to be created here under section H. Other

The fee should have the description of “MIP Refund”

This fee should be entered into the worksheet as a negative amount and match the MIP Refund amount entered in the Additional Loan Data screen.