Loan Estimate and Closing Disclosure

Tips for Success

February 2, 2016

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Presenter

Brian Robinson

Professional Services Consultant

Calyx Software

Brian is a Professional Services Consultant with Calyx Software with over 20 years

of experience in the mortgage banking industry. Having worked as an underwriter

and processor in several states, Brian is well versed in wholesale, correspondent

and retail channels. Brian is a US Army veteran that has been recognized for his

service to our country.

Loan Estimate and Closing Disclosure Tips for Success

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Getting the most out of this training

o All attendees are muted

o Have Point open on your computer so you can follow along

o The Power Point is available now in the Handouts window in your GoToWebinar Control Panel

o Recordings of our Webinars are available on our Website.

o Q&A If time permits

Legal Disclaimer: The information presented is confidential and proprietary to Calyx Software (“Calyx”) and may not be disclosed without the permission of Calyx. The purpose of this PowerPoint presentation is to provide information, rather than advice or opinion. It is accurate to the best of the speaker’s knowledge as of the date of the presentation. To the extent that this presentation contains any examples, please note that they are for illustrative purposes only and any similarity to actual individuals, entities, places or situations is unintentional and purely coincidental. In addition, any examples are not intended to serve as legal advice. No part of this presentation may be modified, printed, or presented without the permission of Calyx.

Calyx and Calyx Software are registered trademarks of Calyx Technologies, Inc. Copyright © 2015 Calyx Software.

All rights reserved

Webinar Housekeeping

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Power Point

• Overview

• Highlights

Point File

• Helpful Tips to the Loan Estimate and The Closing Disclosure

Resources

• KB Articles

• Further Training

Webinar Format

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Create a smooth process for generating the

Loan Estimate and Closing Disclosure

• Implement templates to minimize data entry and reduce errors

• Use business rules to ensure fields required for TRID forms are

completed

• Save time with Cardex, Tasks and

Print Groups

• Tips and techniques to ensure accuracy

Webinar Objectives

Today’s webinar will show you how to:

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• The Loan Estimate populates from various forms in Point, such as:

• The Borrower Information Screen and Loan Application (1003)

• The Truth-In-Lending Screen

• The Track Agent List

• The Fees Worksheet

• The Closing Disclosure populates from various forms in Point, such as:

• The Borrower Information Screen and Loan Application (1003)

• The Truth-In-Lending Screen

• The Track Agent List

• The Closing Cost Worksheet

A Complete File

A Complete Loan File makes generating disclosures very easy

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• Loan Number

• Borrower’s Mailing Address

• Real Estate Agent and/or Settlement Agent

• NMLS #

• Servicing Statement

• Mortgage insurance

Business Rules can enforce completion of required fields

Business Rules for a Complete File

Commonly missed items on Loan Estimate and Closing Disclosure

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Business Rules:

Reduce input errors

Increase compliance capabilities

Increase ability to manage pipeline

Streamline Data entry

Benefits of Using Business Rules

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• Borrower Master Templates

• Loan Program Templates

• Closing Cost Scenario Templates

Templates save time, repetitive entry and errors

Templates for a Complete File

Use Templates to default common information into loan files

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Templates:

Reduce input errors

Increase compliance capabilities

Increase ability to manage pipeline

Streamline Data entry

Benefits of Using Templates

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Cardex

Use Cardex to populate many of the fields for the parties in the transaction • Settlement Agent • Real Estate Agent (Buyer) • Real Estate Agent (Seller)

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Tasks in Point

Assigning Tasks to yourself, or others, helps keep your process running smoothly

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Print Groups

Print Groups

Streamline

the selection of

documents

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0923 How to complete the Loan Estimate

0934 How Lender Credits are calculated on the Loan Estimate

0949 How to enter license number and NMLS for Broker or Lender on Loan Estimate

0941 How to populate Estimated Taxes, Insurance, and Assessments on the Loan Estimate

0924 How to Complete the Closing Costs Worksheet

0925 How to complete the Closing Disclosure

0936 How to print fees in section C. Services Borrower Did Shop For

0947 How to populate the Escrow Account section on Closing Disclosure pg. 4

0942 How to populate Estimated Taxes, Insurance, and Assessments on the Closing Disclosure

0952 How to enter Sellers on the Closing Disclosure

0958 Populating Escrow on the Loan Estimate and Closing Disclosure

0961 How to enter Lender-Paid Compensation to Broker

0125 Creating Print Groups

Knowledge Base Articles

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Resources

F1 from any screen in point

Point User Guide embedded in your software

www.calyxsoftware.com / support

1-800-342-2599 Customer Support

1-800-362- 2599 Account Managers / Sales

Professional Services for private training

Getting Help