The following steps are required to request a Closing Disclosure (CD) be delivered to the Borrower(s).

Click Loan Closing to open the menu and select Closing Disclosure & Details.

Note: Access to the Closing Disclosure and Details screen is limited to one user at a time. Click Here for instructions if a REMN associate is in a loan that you need to access.

Complete the CD Settlement Date section. The Estimated Settlement Date will automatically populate the First Payment Date.

Note: Review the Warning Messages section for required actions prior to requesting a CD.

Select the Interim Interest Type.

·         Purchase transactions - defaults to “Collected at Closing”

·         Refinance transactions - Interim Interest can be Collected at Closing, or an Interest Credit at Closing can be given for loans closing  within the first 5 business days of the month.

Scroll down to enter the Settlement Agent Details. Fields with a * are mandatory.

Helpful Tip:  Select Special Mailing Instructions from the dropdown if applicable.  Add any Additional Instructions in the space provided.

Scroll down to enter the Broker Closing Contact Details.

Helpful Tip:  The Broker Closing Contact (another Broker associate other than the CD requestor) will receive a copy of the CD along with the requestor. Either the requestor or the Broker Closing Contact will be responsible for review and approving the CD.

Review the loan fees prior to requesting the CD. To request fee changes, follow the instructions below.

Open the Final Fees tab.

Click Add New Fee or Add New Escrow.

Credit for Rate Chosen will show the amount of lender credit given to the borrower.

To Edit an existing Fee or Escrow:

·         Check the box next to the fee.

·         Enter the new amount in the Borrower Requested Amount or Seller Requested Amount based on who is responsible for the payment. 

·         Enter the reason for the change in the Change Explanation field.

·         For Refinance transactions:  Click the Submit button at the bottom of the screen to submit your request to REMN.

·         For Purchase transactions:  Continue to the Sales Information Tab.

A pop-up will confirm the REMN Settlement Fee sheet has been delivered to the Settlement Agent on the Broker’s behalf.

A copy of the request will be sent to the requestor and the Broker Closing Contact via email.

The Settlement Agent is required to review, update and sign the form, and return to REMN Wholesale. Upon receipt, the CD will be delivered to the Borrower(s).

Check to indicate if property is For Sale by Owner.

Complete the Property Seller Realtor Information section.

Complete the Borrower Realtor Information section.

Complete the Property Seller Information section.

After entering the * required information on each tab, click the Submit button.

A pop-up will confirm the REMN Settlement Fee sheet has been delivered to the Settlement Agent on the Broker’s behalf.

A copy of the request will be sent to the requestor and the Broker Closing Contact via email.

The Settlement Agent is required to review, update and sign the form, and return to REMN Wholesale. Upon receipt, the CD will be delivered to the Borrower(s).