Abbreviation
LOE
Letter of Explanation
DOCUMENT A
Lock Confirmation
If Net Price is 99.99, Pricing should be in ______.
Loan Discount
Which BytePro screen are we checking for Marital Status and Loan Originator Information?
URLA Borrower Info
Other terminology we use for Parcel Number
Tax ID Number
APN
SSPL
Settlement Service Provider List
DOCUMENT B
Purchase Agreement
This fee is allowed under J-Class Wells Fargo Products.
Processing Fee
What BytePro screens should we need to check if file is PIW?
Conditions
Underwriting - Property
Give four (4) Dry States (Abbreviation and State)
AK, AZ, CA, HI, ID, NV, NM, OR, WA
PIA and PIW
Property Inspection Alternative
Property Inspection Waiver
DOCUMENT C
Payoff Statement
Determine and explain if we are good to proceed if MBF is not the same with CDR:
System: $14,500.00
CDR: $14,351.50
We can change the amount of MBF on Byte from $14,500 to $14,351.50 since CDR is lower than the amount on system. However, we need to confirm if CDR is lower than the system with $500 or more difference.
Part of the P-6: ICD Request Wholesale process is ensuring that the two fields in THIS screen have been filled to mark that the processor has validated and confirmed the ICD fees. Name this BytePro screen.
ICD and Closing Doc Request
We cannot issue an ICD if this invoice is missing.
Contract Processing Fee
APN
Assessor Parcel Number
DOCUMENT D
Standard Flood Hazard Determination
The default computation of Insurance's monthly payment if there's no initially disclosed amount on the system
100*12 = 1,200
What BytePro screen is another way of checking the services that the borrower can shop for?
Shoppable Providers
When should an increase in Recording Fees and/or Transfer Taxes be a valid CIC?
If there is a valid change in Loan Amount, Appraised Value or Sales Price at the time when there is also an increase in Recording Fees and/or Transfer Taxes per fee sheet.
URLA
Uniform Residential Loan Application
DOCUMENT E
Closing Agent Fees for ICD
If proration is under Seller Debit/Buyer Credit of the Fee Sheet, which block in CD Page 3 should it be disclosed?
Block L
BytePro screen in which we need to check the net from wire of fees from CD Page 2
Funding
Prior to the TRID rules, home buyers receive two documents instead of a Closing Disclosure. What are those documents?
HUD-1 Settlement
Truth in Lending Disclosure Statement