This guide walks loan officers through creating, saving, and loading closing cost worksheets so you can quickly populate closing costs on a report. It covers building a new worksheet with standard and custom fees, then loading and updating a saved worksheet for a specific client scenario. Worksheets can also be used to apply lender or seller credits to a loan.
Creating a New Worksheet
1. Click the Use worksheet link that appears below Closing Costs field of your report.
2. Click + Create New.
3. Give your worksheet a unique name.
4. Click on each section to expand the list of fees and enter the appropriate amounts.
- Each fee can be entered as a dollar amount or as a percentage of the purchase price or loan amount, as desired.
- A checkbox titled “Include in APR” appears under each fee. Checking this box will include the fee in the APR costs of the loan.
- Don’t see the fee you need? Each section allows for custom fees as well! Simply click the + Add fee button at the bottom of the desired section to create a new fee with the name and amount of your choosing.
5. When finished, click the Save button.
How to Load a Saved Worksheet
Click the Use Worksheet below the Closing Costs field.
Click Load and select your preferred worksheet template.
Make any updates needed to reflect your client’s specific closing costs.
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Click Save to apply the worksheet to the loan scenario and update the closing costs.
➥ The Closing Cost Worksheets also include fields to enter a Lender Credit or Seller Credit. They can be found under the Credits section.
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