144
Calyx Software
Disclosures and other forms
2
Open the
MLDS/GFE (CA) for
non-traditional loans
from the
Forms
menu or the
shortcut toolbar.
The subtotal and total of initial fees, commissions, costs, and expenses are
precalculated if the
Good Faith Estimate
was completed.
3
Enter any miscellaneous fees and compensation paid to the broker.
a
In the first field for the
Mortgage
Broker
Commission/Fee
, enter a description of
the fee.
b
In the second field for the
Mortgage
Broker
Commission/Fee,
enter a dollar value.
c
Enter a percentage, a dollar value, or both in the corresponding
Any
Additional
Compensation
From
Lender
fields if the lender is paying the broker any indirect
compensation.
4
Complete the
Additional Required California Disclosures
section.
The
Initial
Commissions,
Fees,
Costs,
and
Expenses
Summarized
on
Page
1
field is
automatically populated from the
Good Faith Estimate
and also corresponds to the
Total
of
Initial
Fees,
Commissions,
Costs
and
Expenses
field in the previous section.
The
Purchase/Payoff
field is automatically populated with the purchase price if the
loan is for a purchase. If the loan is a refinance, the field is populated with the amount
to be paid off, including debts and liabilities marked to be paid from the
Loan
Application
.
a
Complete the
Credit
Life
and/or
Disability
Ins
. field if a Credit Life or Disability
Insurance policy fee is included with the loan.