1. CALYX POINT 2015 Point 9.2 SP7 and SP8 Updates for TRID
November 12, :00 pm CDT
Point® helps you
get the job done faster and
more efficiently
2015
Professional Services Group

2. TILA-RESPA Integrated Disclosures in Point 9.2
Presenters
Emily Martinez
Senior Professional Services Consultant
LaDreka Burton
Professional Services Consultant
Brian Robinson

3. TILA-RESPA Integrated Disclosures in Point 9.2
Getting the Most out of your Training
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4. TILA-RESPA Integrated Disclosures in Point 9.2
What’s New in Point 9.2 SP7 and SP8
Enhancements and Changes
The Loan Estimate and Closing Disclosure documents require us to report fees differently than ever before.
Today’s Webinar will give you an overview of our new features to help you generate the new disclosures for your borrowers

5. TILA-RESPA Integrated Disclosures in Point 9.2
Objectives
Summary of the Release Notes
Updates to screens associated with the Loan Estimate and Closing Disclosure
Data flow from the Fees Worksheets to the new Screens and Disclosures
Working with the Written List of Service Providers
Refresher on generating the Loan Estimate and Closing Disclosure
Format
Power Point Slides
Point File

6. TILA-RESPA Integrated Disclosures in Point 9.2
Point SP7 and SP8 Release Highlights:
Addendum page added to display additional borrowers, additional sellers and additional fees
Added check boxes to the Calculating Cash to Close section on the Loan Estimate so users can specify the Standard form or Alternative Form.
Payoffs and Payments screen added for refinance transactions when using the Alternative Form
Added a checkbox in Fees Worksheet section “Services You Can Shop For” to indicate the number of fees exceeds the 13 allowed on the LE and to print the additional fees on an addendum
Updated the Closing Agent Type dropdown list on the Track Agent List screen to include a Settlement Agent option to match the label on page 1 of the Closing Disclosure
Written List of Service Providers updated to accommodate splitting fees for services provided by multiple locations of a single company

7. Addendum to the Loan Estimate and Closing Disclosure
Co-Borrowers on a loan will be shown on the Addendum
This addendum to both the Loan Estimate and Closing Disclosure will generate dynamically when there are additional borrowers. It is not listed in the print forms menu.

8. Addendum to the Loan Estimate and Closing Disclosure
C. Services You Can Shop For
Addendum
Will generate when the box is checked
and
the fees in sections 4 and 6 exceed a total of 13 entries.
Added a checkbox in Section 6 Services You Can Shop For on the Fees Worksheet to indicate that the number of fees exceeds the 13 allowed on the form and to print the additional fees on an addendum.

9. Addendum to the Loan Estimate and Closing Disclosure
Services You Can Shop For exceeding 13 items .
This Addendum to both the Loan Estimate and Closing Disclosure will generate when the box on the Fees Worksheet and the Closing Costs Worksheet is checked and the fees in boxes 4 and 6 exceed a total of 13 entries.

10. Adding Additional Sellers in Point
Additional Sellers will be shown on the Addendum to the Closing Disclosure
Additional Sellers may be added in the Basic Loan Information window
This addendum to both the Loan Estimate and Closing Disclosure will generate dynamically when there are additional borrowers. It is not listed in the print forms menu.
Seller 1 is entered on the Track Agent Screen

11. Addendum Closing Disclosure – Additional Sellers
Additional Sellers will be shown on the Addendum to the Closing Disclosure
This addendum to both the Loan Estimate and Closing Disclosure will generate dynamically when there are additional borrowers. It is not listed in the print forms menu.

12. Settlement Agent
Closing Agent Type dropdown list on the Track Agent List includes a
“Settlement Agent” option to match the label on page 1 of the Closing Disclosure
This Addendum to both the Loan Estimate and Closing Disclosure will generate when the box on the Fees Worksheet and the Closing Costs Worksheet is checked and the fees in boxes 4 and 6 exceed a total of 13 entries.

13. Standard Form or Alternative Form
Select the Standard Form or the Alternative Form
Added checkboxes to the Calculating Cash to Close section on the Loan Estimate so users can specify the Standard or Alternative Form.

14. Payoffs and Payments Screen
Access the Payoffs and Payments Screen
From the Forms Menu
From the Payoff & Payments button on any page of the CD
Added a Payoffs and Payments screen to contain the data that was previously populated in the Payoffs and Payments section on page 3 of the Closing Disclosure for refinance loans. The screen is accessible by clicking the Payoffs & Payments button on the Closing Disclosure and also from the forms menu.

15. Payoffs and Payments Screen
Copy From Liabilities
From the Forms Menu
From the Payoff & Payments button on any page of the CD
When using the Copy From Liabilities button, only those liabilities checked as …………..

16. Payoffs and Payments Screen
Liabilities marked to be paid off will populate the Payoffs and Payments Screen
When using the Copy From Liabilities button, only those liabilities checked as …………..

17. Payoffs and Payments Screen
Liabilities marked to be paid off will populate the Payoffs and Payments Screen
Liabilities marked
“to be paid off” on the loan application will be routed to the Payoffs and Payments Screen
When using the Copy From Liabilities button, only those liabilities checked as …………..

18. Payoffs and Payments Addendum
Loan Estimate Calculating Cash to Close Section
Select Alternative Form for a refinance to generate the
Payoffs and Payments Addendum to the Closing Disclosure
When using the Copy From Liabilities button, only those liabilities checked as …………..

19. Payoffs and Payments Addendum
Liabilities marked
“to be paid off”
will populate the
Payoffs and Payments Screen
and
dynamically generate the
Payoffs and Payments Addendum
to the Closing Disclosure
When using the Copy From Liabilities button, only those liabilities checked as …………..

20. Lender Paid Compensation for Broker
Disclosed on the Closing Disclosure
In the Closing Costs Worksheet
Enter in Section 1 in the User Defined Field. For example:
“Jane Smith, Mortgage Broker Company - $5,000” then, select Paid by Lender
Shown in the Closing Disclosure and handled as “Paid by Others”

21. Lender Paid Compensation for Broker
Lender Paid Compensation is disclosed on the Closing Disclosure
Once you have entered the lender paid compensation on the Closing Costs Worksheet
It will populate the Closing Disclosure, Page 2, Section A. Origination Charges
Shown in the Closing Disclosure and handled as “Paid by Others”
It will not affect the Borrower’s cash to close

22. Calculation Cash to Close
Down Payment calculation for FHA, VA, USDA loans due to financed UFMIP, VA Funding Fee and USDA Guarantee Fee
TRID regulations for the disclosures from the CFPB have redefined the entire concept of Closing Costs Financed like the UFMIP on FHA Loans. The formula to determine the Down Payment between government and conventional loans is completely different.

23. TILA-RESPA Integrated Disclosures in Point 9.2
CFPB WEBSITE:
CFPB Guide to the Loan Estimate and Closing Disclosure:
CFPB Home Loan Toolkit:

24. TILA-RESPA Integrated Disclosures in Point 9.2
Knowledge Base Articles ∙ TRID Information
0933 Written List of Service Providers
0923 How to complete the Loan Estimate
0925 How to complete the Closing Disclosure
0924 How to complete the Closing Costs Worksheet
0934 How Lender Credits are calculated on the Loan Estimate
0935 Lender Paid Compensation to Broker
0936 How to print fees in section C. Services Borrower Did Shop For – Closing Disclosure, page 3
0937 Time Zone Definitions

25. 2015 CALYX POINT TILA-RESPA Integrated Disclosures in Point 9.2
The Help You Need
Knowledge Base is available 24/7 to assist you and provide step-by-step instructions
Point User Guide – embedded in your software
F-1 Help from any screen
Customer Support
Account Managers
TRID specific software questions may be sent to and
2015
TILA-RESPA Integrated Disclosures in Point 9.2
Webinar