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Numbers, Numbers, Numbers
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Responsibility
Where does it go?
Define This!
100
Do Lender Credits Reflect as a Positive or Negative Number under Total Closing Costs
What is a Negative Number?
100
What are the two Optional Versions of the Loan Estimate
What is Standard (Purchase) & Alernative (Without Seller)?
100
GSE's are going to require this as an acknowledgment of receipt of the Initial LE
What is Signature on page 3 of the LE?
100
Prepayment Penalty Information is located in this section of the LE
What is Page 1 of the LE under Loan Terms?
100
Minimum requirement for an addess on an initial LE
What is Zip Code?
200
It's not a whole number, so it is rounded to this decimal place.
What is three decimal places?
200
The number of "Purpose" Type options available for the general information section of the Loan Estimate.
What is 4?
200
New Rate Lock Terms must be re-disclosed on a Revised LE within...
What is 3 days?
200
The AP & AIR Table are located here
What is the bottom of Page 2 of the LE?
200
New disclosure (comment) under the "Estimated Escrow" definition on the Projected Payments Table
What is "Amount can increase over time"?
300
My Principal & Interest is $650.50, my Mortgage Insurance is $50 and my estimated Escrow is also $50. My Estimated Total Monthly Payment is...
What is $750
300
On the Alternative Version of the LE the Sales Price is replaced with
What is Estimated Property Value?
300
Responsible for the content and accuracy of the Loan Estimate
Who is the Creditor?
300
"Other" Disclosures are located here
What is Page 3 of the LE?
300
New comment added to the APR section of the LE
What is "This is not your interest rate"?
400
PMI has range of $65 to $90 in year 6-8 and would reflect as this on the Projected Payments Table
What is $90?
400
This version of the LE has the Estimated Cash to Close with a "From" and "To" option
What is the Alternative LE (Without Seller)?
400
This is who will issue the LE on a Correspondent loan
Who is HAPO?
400
The cash to close is calculated here
What is Page 2 of the LE?
400
We are located in this Time Zone
What is Pacific Standard?
500
This Symbol represents the PMI being terminated on the Projected Payments Table
What is a Dash?
500
The loan type for Cash Out on a Free and Clear Property
What is Home Equity?
500
What is the newest service HAPO offers (non-mortgage) Hint: Email from Juan Lancheros!
What is International Western Union?
500
Upfront Single Premium MI should go in this section of the LE
What is Page 2 of the LE, Section B?
500
It's labeled as "Optional" so we had better be ready to explain it!
What is Title - Owners Policy (optional)?