How do I key in a contribution or credit?

To include a contribution or credit in your borrower presentation, complete the following:

1. Navigate to the Closing Costs tab for your loan product.
2. Click the Closing Costs Detail link.
3. On the Closing Cost Details screen, add a line item (not a custom fee) and select Contribution from the drop-down list.

This has logic built in to make sure that the contribution knocks down the cash to close without reducing the APR.

If you merely tag one of the fees as "Seller Paid", it means that the borrower will not be responsible for that fee. It does not knock down the cash to close unless you use the contribution fee, and then you will be able to tag who is paying for it and you will see the cash to close be reduced.

Creating a custom fee (using the Add Custom Fee button) and naming it the following, will not result in knocking down the Cash to Close: