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How to use or fill out settlement statement with our platform
- Click ‘Get Form’ to open the settlement statement in the editor.
- Begin by entering the 'Name and Address of Borrower' and 'Name and Address of Lender' in the designated fields. Ensure accuracy as this information is crucial for identification.
- Fill in the 'Property Location' if it differs from the borrower's address, followed by details of the 'Settlement Agent', 'Place of Settlement', 'Loan Number', and 'Settlement Date'.
- Proceed to section L, where you will detail all 'Settlement Charges'. Carefully input each charge, referencing your Good Faith Estimate (GFE) for accurate amounts.
- In section M, list any disbursements to others. This includes items payable in connection with the loan such as appraisal fees and credit report charges.
- Complete sections regarding reserves deposited with lender and title charges, ensuring all figures align with your GFE.
- Finally, review all entries for accuracy before saving or sharing your completed settlement statement.
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