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#2115705 - 01/26/17 07:58 PM TRID audit on Construction was Calculated manually
totallyconfused Offline
100 Club
Joined: Jul 2016
Posts: 104
So for some time the lending software the bank used didn't support construction loans. The calculations on those loans was done manually using a calculator developed by an employee. This is calculations on loan estimate page 3 and closing disclosure page 5. I am trying to use APRWIN to verify the calculations but I am running into issues. Not sure who has gone through and validated the calculations on those sheets before but if you have can you give me some tips?

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#2115745 - 01/26/17 09:55 PM Re: TRID audit on Construction was Calculated manually totallyconfused
bcompliance Offline
Diamond Poster
Joined: Sep 2014
Posts: 1,245
I have not, but I think I attended a seminar and the instructor indicated that APRWIN would not be able to determine something on the LE and the CD. This may be the field you are refering to.
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#2115807 - 01/27/17 02:44 PM Re: TRID audit on Construction was Calculated manually totallyconfused
totallyconfused Offline
100 Club
Joined: Jul 2016
Posts: 104
Well I am having an issue calculating even the APR using APRWIN for construction loans.

I can come close but one I am off by .487%

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#2115821 - 01/27/17 03:09 PM Re: TRID audit on Construction was Calculated manually totallyconfused
bcompliance Offline
Diamond Poster
Joined: Sep 2014
Posts: 1,245
I would take a closer look at the calculator the employee created and see if there is an error on their end.
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CRCM, CAMS

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#2116002 - 01/27/17 10:40 PM Re: TRID audit on Construction was Calculated manually totallyconfused
fmissle Offline
Platinum Poster
Joined: Jul 2007
Posts: 995
Pac NW
Check Interest Reserve that could be wrong in the calculator or entered wrong in APRWin?

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#2117699 - 02/09/17 06:40 PM Re: TRID audit on Construction was Calculated manually totallyconfused
totallyconfused Offline
100 Club
Joined: Jul 2016
Posts: 104
I know this has been asked before but is there a User Manual or help guide for APRWIN?

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#2117778 - 02/09/17 10:16 PM Re: TRID audit on Construction was Calculated manually totallyconfused
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,617
Galveston, TX
Open APRWIN - at the top - click on Help - select contents
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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