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DoubleTime® 8.3 - Upgrade

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6/5/2015
No, CFPB's final rule states that the CD does not have to be signed. The signature block on Page 5 is only confirming the Borrower has received the Closing Disclosure and it is optional. You can access a standard signature page by going to the "CD Addendum B – Customary Recitals" document in the Documents module. This document is automatically inserted when using a Closing Disclosure as the Settlement Statement.

6/26/2015
The Contact Information Table on Page 5 of the Closing Disclosure is populated based on the Participants added in the Closing File Module, Participants tab. The Contact Information Table will only populate information for the following participant types: Lender, Loan Officer, Buyer's Broker, Buyer's Agent, Seller's Broker, Seller's Agent, Mortgage Broker Company & Mortgage Broker. On Page 5 of the CD in the Settlement Statement Module, you may right click the header of the Contact Information table to Insert or Delete the above mentioned participant types.

6/4/2015
When working on a CD in the Settlement Statement module, click on the 'CD Options' tab and select the 'Yes' option for "Use Pages 2A and 2B".

6/2/2015
You can create a Closing Disclosure by going into the Closing File module and inserting a Loan. Once a loan is inserted, select, "Closing Disclosure" from the 'Settlement Statement' drop down menu and save your changes. You can now open the Settlement Statement module and enter data into the Closing Disclosure.

6/26/2015
When an affirmative response is given for the "Did this change?" question in the Calculating Cash to Close Table on Page 3 of the CD, you may click the text field on the right side of the table to edit the text. For protected text fields, you must select the "Override" box before having full Rich Text editing capabilities.

6/26/2015
When an affirmative response is given for the "Can this amount increase after closing?" question in the Loan Terms table on Page 1 of the CD, you may double click the text field on the right side of the table to initiate a Detail window. Additional information can then be provided to complete the standard verbiage used for that line or you may select the "Override" box to have full Rich Text editing capabilities.

6/26/2015
The amounts in the "Costs at Closing" Table are automatically calculated based on amounts from Pages 2 and 3 of the CD and cannot be edited from Page 1.

6/8/2015
The Property address can be edited from both the Closing File Module, Property tab and the Settlement Statement Module. On Page 1 of the CD in the Settlement Statement Module, double clicking on the Property address under the Closing Information at the top of the page will initiate a Detail window. You can then select "Override Description" to edit the address. This can also be done for the Borrower, Seller and Lender.

6/9/2015
The interest rate is automatically populated on the CD and cannot be edited within the Settlement Statement module. You can enter the interest rate in the Closing File Module, Loan Tab, Terms Tab or in the Loan Module, Terms Tab.

6/26/2015

DoubleTime will use the CFPB's Final Rule to calculate and display Title Insurance Fees on the CD. If your lender would like a specific amount that DoubleTime is not automatically calculating, you may manually input their figures by going to the Rating module and selecting "Input Exception Rates" from the Actions menu. On the Exception Rates Tab, select the "Closing Disclosure Lender Override" box and manually provide the figures that are needed for the CD. NOTE: If this option is selected, you will not be able to delivery your policies electronically through DoubleTime.

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