Point User Guide 143Disclosures10 Select the may, will, or will not check box to indicate whether the loan is beingfunded with broker-controlled funds.11 Complete the Name of Broker, Broker’s Representative, and both License # fields.12 Select File > Save.Completing the MLDS for a non-traditional loanThe non-traditional Mortgage Loan Disclosure Statement is used for loans with monthlypayments that are less than the principal and interest payment, such as interest-only ornegative amortization loans. It contains several loan scenarios to provide the borrowerwith information to make comparisons.The following buttons, located at the bottom of the workspace, provide additionalfunctionality:CalculateUse the Calculate button to calculate the Payment Scenarios and Loan BalanceScenario sections.Monthly SchUse the Monthly Sch button to view the amortization schedule based on the datain the Truth-in-Lending screen.To complete the non-traditional Mortgage Loan Disclosure Statement:1 Open a prospect or borrower file.TipTo avoid repetitive entry, create a master template to populate thesefields automatically.Related information• For information about how to indicate in the Loan Application thatliabilities are to be paid, refer to Entering liabilities, on page 108.• For information about the Good Faith Estimate, refer to Good FaithEstimate, on page 119.
