Calyx Point 7, User Manual, Page: 139 / 537

Point User Guide 121
Disclosures
4
Complete the Items Payable in Connection with Loan section.
This section contains an itemized list of loan fees, who they are paid to, who pays
them, and whether they are a prepaid finance charge, FHA-allowable, or paid outside
of closing. Blank fields are provided to add user-defined fees.
a
Select who is to receive payment ( Broker , Lender , Investor , or Other ) for the item
from the Paid To dropdown list.
b
If not prepopulated, enter the company name of the payment recipient in the
Company Name
field.
c
Enter the fee in the
Amount
field.
For the
Loan Origination Fee
,
Loan Discount
, and
Mortgage Broker Fee
fields,
enter the fee as a percentage, a flat fee, or a combination of the two. The
Amount
field is automatically populated.
d
Select who is to make the payment ( Borrower , Seller , Broker , Lender , Third Party , or
Correspondent ) from the Paid By dropdown list.
Borrower is assumed when no option is selected.
e
Specify whether the payment is a prepaid finance charge (PFC), FHA-allowable
(F), or paid outside of closing (POC).