Point User Guide 355Closing cost scenario templates5 When finished with the template, save the file.Closing cost scenario templatesClosing costs are calculated in the Good Faith Estimate. Use a closing cost scenariotemplate to avoid repeat data entry for regular loan costs. Closing cost scenario templatesare also useful for marketing loans to prospects.After you have set up your closing cost scenario templates, access them by clicking theCC Scen or CC Scenario buttons.Closing cost scenarios are available in prospect and borrower files in the followingscreens:• Prospect Information/Borrower Information• Prequalification• Loan Comparison• Debt Consolidation• Good Faith Estimate/MLDSAny changes you make in one screen also populate in the others. Point re-calculates allfigures and ratios automatically.Creating closing cost scenario templatesTo create a closing cost scenario template:1 Select the Templates tab from the navigation panel.2 In the Select a Template Category section, select Closing Cost Scenario, and click theNew button.ImportantDo not change the file extension or Point will not recognize the template.Related informationFor information about how to complete the fields in the loan programtemplate, refer to Truth-In-Lending Disclosure Statement, on page 132.TipYou can display the Ratios dialog box for the current loan file at anytime by selecting Utilities > Display Ratios, by clicking the Ratios iconon the toolbar, or by typing + . The Ratios dialog boxcontains the top, bottom, LTV, and CLTV ratios.AttentionThe closing cost scenario template is similar to the Good FaithEstimate screen. When you save the closing cost scenario template, youcan apply it to all Point files and populate the GFE or the MLDS.
