
4.1.7. Payoffs/Premiums Information
Figure 4-12
Premiums
Enter any broker rebate or service release premiums, paid outside of closing, by entering the
appropriate premium code corresponding to an entry in the premium code pop-up list. Press the
down arrow to view a list of available premium types. We have attempted to accommodate the
wide range of accepted rebate language. This is why there is some repetition in the Premium
Pop-up list.
Example: Enter 'SRP' for Service Release Premium or 'YAC' for Yield Adjustment Credit
(Broker Rebate).
Note: Premium entries are always assumed to be paid outside of closing. In addition, premium
entries do not affect the prepaid finance charge and resulting APR or section 32 computations.
Payoffs
Enter any Payoff information that may apply to this transaction. Example:
Master Card = $10,000
DocMagic Interface GuideDocMagic Interface Guide - CALYX Point to DocMagic Online Page 14
Kommentare zu diesen Handbüchern