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Status Will Not Implement
Workspace E-Closing Core
Categories Enhancements
Created by Becky Macha
Created on Jun 17, 2022

HUD page 1 seller fees

We usually list out seller fees on page 1 section 500. At the moment we have to input these fees through the payoff screen in order to pull into escrow accounting, but would be helpful if we could manually add fees and have them pull from there than adding as payoffs.

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  • Admin
    Alyssa LeMay
    Reply
    |
    Jun 17, 2022

    You're welcome! Keep the ideas coming though! We love hearing from you!

  • Becky Macha
    Reply
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    Jun 17, 2022

    Good Morning Alyssa,

    Thank you ��� after I submitted I thought about it and realized that was probably why.

    If there is anything else I could be of assistance with, please feel free to contact me.

    Thank you,

    Becky Macha, Paralegal
    124 Main Street, Suite 203
    Charlestown, MA 02129
    Office: (617) 242-4100
    Fax: (617) 242-2690
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  • Admin
    Alyssa LeMay
    Reply
    |
    Jun 17, 2022

    Hello

    The reason we don't allow for manual entries is for a few reasons. When you enter them in Payoff Information, it carries to the Settlement Statement, Escrow Accounting, and documents. Also, if you open the file as a HUD and you find out later you need to change it, if you enter it in Payoff Information, it will carry to the new Settlement Statement for you, otherwise you would lose it and you would have to enter it again.
    Also, if you enter credits and/or prorations, and you manually enter some and not others it can cause other issues.

    E-Closing