1. business and industrial
2. company
3. merger and acquisition

Issue Date: 07/21/2014
Effective Date: 07/21/2014
No. 2014-07-08
Summary: Fees Worksheet Examples
Notifications:
FEE WORKSHEET DATA ENTRY FOR PROPER DISCLOSURE OF FEES CHARGED ON A LOAN
To elaborate further on a statement from the Processing Manual (available on the retail website), the information below
details how to allocate “BORROWER” fees when paid by seller.
Processor Manual-1004.001 (page 30)
Allocating Buyer and Seller paid fees correctly for Doc Magic disclosures
According to RESPA, certain fees must remain “borrower” responsibility, whether paid by the borrower or the seller. In
order to accurately disclose fees, including those that are APR related as well as “borrower” responsibility, but “seller”
paid, you must follow the process noted below. If you do not follow these instructions, the fees will not be properly
allocated and the APR could be impacted creating a compliance issue and possible lender (branch) cure to resolve.
Seller paying ½ of Closing/Escrow Fee
Issue Date: 07/21/2014
Effective Date: 07/21/2014
No. 2014-07-08
Click on Borrower button to open adjustment box in Calyx/Point Fees Worksheet screen. Responsible Party remains
“Borrower”. Complete % fields and click OK. If the amounts are split by $, select the $ button and complete accordingly.
Click OK when done.
Note the change to the button on the Calyx/Point screen
Issue Date: 07/21/2014
Effective Date: 07/21/2014
Doc Magic Fee Worksheet with Escrow Fee split
Seller paying entire Closing/Escrow fee
Follow steps above to access pop-up box and fill in as noted below
Note change to the button in Calyx/Point Fee Worksheet screen
No. 2014-07-08
Issue Date: 07/21/2014
Effective Date: 07/21/2014
No. 2014-07-08
Doc Magic Fees Worksheet with Escrow Fee paid by Seller
Please keep in mind these are merely examples using the Escrow Fee. Any fee that can be split between the buyer and
seller or paid by seller but is considered “borrower” responsibility should be entered into Calyx/Point this way for the
data to transmit correctly from Point to Doc Magic.
Incorrect disclosure (which will result in a lender/branch cure at closing)
Note that when the Borrower button is accessed, the responsible party was erroneously changed to reflect Seller. The
responsible party should NOT be changed!
Issue Date: 07/21/2014
Effective Date: 07/21/2014
No. 2014-07-08
Correct Disclosure
Please note-How the information prints out from Calyx/Point does not matter as we do not initially disclose from
Calyx/Point (in most cases) and more importantly, our closing packages are always from Doc Magic and our data entry
must be done to accurately integrate loan information from Calyx/Point to Doc Magic.
A reminder-Prior to releasing the loan disclosures to the borrower(s), please review for accuracy. You can always
correct information BEFORE the disclosures are released to the borrower. Once the borrower has seen the
disclosures, the fees and how they were disclosed cannot be corrected (unless a valid change of circumstance).
Products Affected: All
Questions: Please address all questions to productionsupport@resmac.us
Other Information
Key Words: Fees Worksheet, Data Entry, Proper Disclosure, Fees Charged on Loan