Understanding Closing Disclosures (CD) and Loan Estimate (LE) Sections within Closing Cost Details

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Enhancements have been made within the Closing Cost Details section of the Loan Center. In order to ensure users are falling within CFPB compliance regulation, Loan Estimate (LE) and Closing Disclosure (CD) forms have been modified. When a user choose to access the Closing Cost Details page the following will happen:

The system will default to a Loan Estimate view:

  • For Purchase Loans
    • The user will be defaulted to a Standard form for LE

  • For Refinance Loans
    • The user will be defaulted to an Alternate form for LE

 

When a user clicks on Closing Disclosures the Closing Disclosures view will display the following:

  • For Purchase Loans
    • The user will be defaulted to a Standard form for CD

  • For Refinance Loans
    • The user will be defaulted to an Alternate form for CD

 

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