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Hide Number Fields from the Settlement Statement

Hide Number Fields from the Settlement Statement and eSign it in minutes

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

In which section of the HUD-1 closing statement does the settlement statement appear?

HUD-1 Section L: Detail of Settlement Charges for Borrower and Seller. Section L contains a long list of settlement charges. Charges shown in the left column are paid by the borrower, and charges shown in the right column must be paid by the seller.

Which two items will appear on a closing disclosure?

A Closing Disclosure is a five-page form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).

What is line 1400 for settlement charges to borrower?

inspection of heating, plumbing, or electrical equipment. These inspection charges may include a fee for insurance or warranty coverage. Line 1400 is for the total. settlement charges paid from Borrowers funds and Sellers funds. These totals are also entered on Lines 103.

What does POC mean in real estate terms?

Paid outside closing (POC) is the fees or payments rendered outside normal title insurance and underwriting fees due at the time of closing a loan.

What settlement charges are typically poc?

Settlement charges that are typically POC (Paid Outside of Closing) are: Hazard insurance premiums. Appraisal fees. Credit report fees.

What does POC stand for in an Alta settlement statement?

Items marked (p.o.c.) were paid outside the closing; they are shown here for informational purposes and are not included in the totals.

What is a poc on a closing statement?

Charges paid outside of settlement by the borrower, seller, loan originator, real estate agent, or any other person, must be included on the HUD-1 but marked P.O.C. for Paid Outside of Closing (settlement) and must not be included in computing totals.

What does the abbreviation poc mean in mortgage?

P.O.C. - Paid outside of closing - Means expenses related to the closing on your home, which will be paid BEFORE you go to the actual closing. These expenses typically include: your credit report, the appraisal, the inspection and a 1-year homeowners insurance policy.

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