10.31.18   •   Document Updates

DI Check Update: Removal of Warnings for Cash to Close Tables

The following Data Integrity Checks will be removed from ConformX:

  • On the Closing Disclosure, the amounts disclosed in the “Adjustments and Other Credits” row of the “Calculating Cash to Close” table are different, but there are no changes to the charges disclosed in Sections K and L which would cause these differences (see 12 CFR § 1026.38[i][8][iii][A]). Please review your data for any errors.
  • On the Closing Disclosure, the amounts disclosed in the “Down Payment/Funds from Borrower” row of the “Calculating Cash to Close” table are different, but there are no changes to the charges disclosed in Sections K and L which would cause these differences (see 12 CFR § 1026.38[i][4][iii][A]). Please review your data for any errors.
  • On the Closing Disclosure, the amounts disclosed in the “Loan Estimate” and “Final” columns of the “Total Closing Costs (J)” row of the “Calculating Cash to Close” table are different, but there are no changes to the charges disclosed in Sections D and I which would cause these differences (see 12 CFR § 1026.38[i][1][iii][A][2]). Please review your data for any errors.
  • On the Closing Disclosure, the amounts disclosed in the “Seller Credits” row of the “Calculating Cash to Close” table are different, but there are no changes to the charges disclosed in Section L (Line L.05) and the “Seller-Paid” column of the “Closing Cost Details” tables which would cause these differences (see 12 CFR § 1026.38[i][7][iii][A]). Please review your data for any errors.

These warnings were originally added to ConformX to alert the user if all the values used to calculate the “Cash to Close” totals for the Loan Estimate and Closing Disclosure “Calculating Cash to Close” table matched, but the “Cash to Close” amounts themselves were not equal.

Default verbiage has been added for these scenarios in ConformX, therefore the Warnings will be removed.

These four warnings have been removed from the ConformX Stage for testing purposes and will be removed from ConformX Production as of November 3, 2018.  If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.

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