The HUD1 in Point 7.3

December 6, 2010

BJ Bounds

As with many of the new features in Point 7.3, the new HUD1 and HUD1a screens are designed for compliance efficiency.  For those of you completing your own settlement documents, you’ll appreciate the easy-to-follow layout, the incredibly convenient fees-copy feature, and the how-did-I-ever-live-without-it fees-comparison feature of the Point HUD1 screen.

 

  • The HUD1 screen contains three pages that are laid out exactly like the form to make final disclosures simple and easy.
  • The fees on page 2 can be copied individually or as a group directly from the Fees Worksheet or the Fees & Impounds screen with a simple copy button. Copying fees individually vs all at once allows for comparison between the worksheet and the HUD1 and the flexibility to manually change fees on the HUD1 when necessary.
  • Page 3 provides a comparison of fees between the GFE and the HUD1 grouped by tolerance level as well as an overall summary and a description of the loan terms.

Point 7.3 is full of compliance features designed to make compliance easier and more efficient.  We’ve taken your suggestions and requests to create a product that can make a positive impact on your business processes.  What would you like to see on our next release?


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