QuickTips Index - page 2

The Loan Origination Fee on the HUD-1 Settlement Statement
Pretty straight forward, the HUD-1 settlement statement, in the 800 series items, will show an item for the loan origination fee. This is a fee, usually based on a percentage of the total loan amount, paid by the borrower up front for the ability to obtain the loan. A common percentate is 1 point, or 1% of the loan amount, however it varies with several factors.

Sections C - I of the HUD-1 Settlement Statement
This HUD-1 Settlement Statement tutorial is part of a series explaining every item on the statement, as well as calculations and methods. Here we discuss sections C through I, which identify buyers, sellers, title company, lender, property location and settlement date.

Section B of the HUD-1 Real Estate Settlement Statement
This instruction is part of a comprehensive series of instructions for understanding the HUD-1 Real Estate Settlement Statement. Here we discuss Section B, which is the basic loan type, file and loan number information.

The Variables of Real Estate Proration
There are variables in how proration is accomplished in a real estate transaction. The numbers can vary considerably, so you should know how it's done.

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