Calyx Point 7 Bedienungsanleitung PDF herunterladen (Seite 15)

Charges

Pressing the down arrow displays a list of current charges. Select the charge from the pop-up

list. The charge enables defaulting of the charge description and indicates whether the charge

should be included in the prepaid finance charge.

When you select a charge by clicking on it with your left mouse button, the charge is tagged and

will change color. To unselect, click again on the charge you wish to remove. After selecting all

charges, click [OK] and all charge codes will appear in the charge code column. If you forget a

charge, simply press the down arrow, after locating the desired choice, press [OK]. The

additional codes will be conveniently added at the bottom of the list.

In many cases, DSI has assumed that charges that may be considered part of the Section 32

analysis should be considered. Sometimes this is not the case. Our assumptions result in a

conservative computation in that 100% of the time a transaction is subject to Section 32, we will

detect and properly indicate by the use of the required disclosures. However, this conservative

approach may also trigger the use of the required disclosures in certain cases where the

transaction is not subject to Section 32. It is a wise idea to closely scrutinize all charges in an

attempt to more precisely compute the Section 32 analysis. As indicated above, all assumptions

can be changed to meet your requirements.

For each charge, the “Paid To” party must chosen. In addition, the “POC?” indicates if the

charge is to be paid outside closing. If an Amount Paid has been entered, this will default to

“Yes”. The APR field indicates if the charge should be included in the Prepaid Finance Charge

and Section 32 calculations.

Fee Description

Select the description that corresponds to an entry in the loan fee pop-up list. Press the down

arrow to view a list of loan fee types and corresponding fee codes. The fee code distinguishes the

loan fee description and whether the fee point percentage amount will apply to the loan amount

as entered or the base loan amount (loan amount less MIP premium financed-FHA loans only).

Loan fee types consist of borrower/seller points and borrower/seller discount points. Generally

discount points are utilized in FHA/VA transactions only. Most conventional loan fees will

consist of point (origination) fees only, while FHA/VA loans will often have origination and

discount point fees. In the case of a FHA/VA transaction, point fee computations will be

computed based upon the base loan amount. The base loan amount is computed by subtracting

any mortgage insurance premiums financed from the loan amount as entered. All discount point

fee computations will be computed based on the loan amount as entered.

The origination fee would be computed by multiplying the point figure (1.000) by the base loan

amount ($10,000) that would result in a $1,000 origination fee. The borrower discount fee,

however, would be computed by multiplying the point figure (1.000) by the loan amount as

entered ($10,380) that would result in a $1,038 discount fee. Remember that loan fees that are

paid by the borrower are included in the prepaid finance charge and subsequently effect the APR

while loan fees that are not paid by the borrower do not affect the prepaid finance charge.

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Calyx Point 7 Bedienungsanleitung Seite 15