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#2021509 - 06/19/15 02:42 PM Checking tolerances & Closing Disclosure
banjo Offline
Gold Star
Joined: Feb 2005
Posts: 299
The new Closing Disclosure does not compare each estimated fee to the actual fee, and does not break these out into the 3 tolerance categories either like the current HUD Settlement Statement does. How will you be checking to see if tolerances are exceeded?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2021536 - 06/19/15 03:24 PM Re: Checking tolerances & Closing Disclosure banjo
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
That feature is inside of our software...have you checked yours for this feature or an update that will include it?
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#2021541 - 06/19/15 03:29 PM Re: Checking tolerances & Closing Disclosure banjo
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,395
Galveston, TX
RR is correct. This is an off-disclosure calculation.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2022063 - 06/23/15 01:22 AM Re: Checking tolerances & Closing Disclosure banjo
banjo Offline
Gold Star
Joined: Feb 2005
Posts: 299
Do any Calyx users know if it has or will have programming to check tolerances?

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#2022081 - 06/23/15 01:27 PM Re: Checking tolerances & Closing Disclosure banjo
MonicaMc Offline
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MonicaMc
Joined: Dec 2013
Posts: 238
Land of Oz
I currently do not see any programming to have tolerances checked. While I would love to see an update with that programming, I do not see where they would input those fields in the screens they've put into place.

I am hoping that our Closing software will take care of this for us.

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