Release Notes & iUpdates
Point of Sale
Fannie Mae 3603 DQC1416 CRIT0090
Resolve for Fannie Mae 3603 Freddie Mac DQC1416 CRIT0090:
- An Integrated Disclosure SubSection Type of 'LenderCredits' is required in the submission, even if a $0 value.
- Lender Credits must be delivered in the Total Closing Costs Section.
1. Open Loan File in Point.
2. Navigate to Forms > Closing Disclosure > Page 3.
3. Under Calculating Cash to Close check the Increase exceeds the legal limits by box.
4. At the bottom of the screen choose the Pg 2 button.
5. Scroll down to Lender Credits and notice that Legal Limit amount has been added to the Lender Credits.
6. Save and resubmit the UCD.