Loan Origination

Price: $74.95 | Upgrade: free | Copies sold: 0 - 49
Current version: 1.01 | Year released: 2003 | Year updated: 2003
Description:
A lender is required by the federal Real Estate Settlement Procedures Act (RESPA) to provide a prospective home buyer with a good faith estimate of the fees due at closing within three days of applying for a loan. These mortgage fees, also called settlement costs, cover every expense associated with your home loan: inspections, title insurance, taxes and other charges. An accurate Good Faith Estimate is essential for a prospective home buyer to make a informed decision about the exact settlement costs.

The Good Faith Estimate for Windows automates preparation and printing of the Mortgage Loan Disclosure Statement forms. This program displays the entire forms on the screen in a scrollable format. The information is entered from your keyboard as it would be typed on the form itself. The software does all the math related to the Good Faith Estimate. All calculations are updated instantly as the data is entered. You can override all calculated results to produce the final output you need.

The Good Faith Estimate prints the complete forms on plain 8 ½ x 11 letterhead paper or 8 ½ x 14 legal size paper with any windows supported printer. Print preview is also available. The resulting printed product has a commercially prepared appearance. Data entered may be stored/saved anywhere on your hard drive or to external diskettes as a .gfe file for quick retrieval.


Computer operating systems:
  • Windows Me/98/95 or earlier
  • Windows NT/2000/XP