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BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule LaserPro Help
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#2028324 - 07/20/15 10:07 PM LaserPro Help
CometMan Offline
Member
Joined: Mar 2011
Posts: 83
Working on Loan Estimate in LaserPro. We have run into a problem that we can't seem to get a clear answer from LaserPro. We do balloon loans and on the PRODUCT line the terminology should read "Year 6 Balloon Payment, Fixed Rate." However LaserPro is giving us "Year 6 Balloon, Fixed Rate." According to the rule we need to have the word "Payment" in the Product line. Does anyone who uses LaserPro know how to get that word on the line or is this something we should continue arguing with LaserPro.

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TRID - TILA/RESPA Integrated Disclosures Rule
#2028348 - 07/21/15 12:26 PM Re: LaserPro Help CometMan
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Can't help you on LaserPro, but you are correct on how it should be shown.
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#2028360 - 07/21/15 01:14 PM Re: LaserPro Help CometMan
bwj8 Offline
Junior Member
Joined: Mar 2015
Posts: 33
Keep arguing with LaserPro. We have argued a few points with them, and they have obliged a couple times. Just show them that the reg clearly shows "Balloon Payment" as the label.

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