The below outlines how to add a seller credit for a loan file.
Navigate to the Loan File: Start by opening the loan file to which you want to add a seller credit.
Access the Closing Cost Tab: Click the tab "Closing Cost." This area of the loan file is designed to manage all costs related to the loan's closing.
Add a New Cost: Once in the "Closing Cost" tab, "Add Cost" button.
Select the Category and Cost Type:
For the category, choose "Credit."
For the cost type, select "Seller Credit" OR Seller Concession This indicates that the credit is coming from the seller.
Viewing the seller credit: Once you have saved the seller credits, you can view/modify them in the `Total Closing Cost Section`
