CALYX POINT 2015 Point 9.2 Overview Point® helps you get the job done faster and more efficiently 2015 Emily Martinez Training and Professional Services Manager

TILA-RESPA Integrated Disclosures in Point 9.2 Presenter Emily Martinez Training and Professional Services Manager

TILA-RESPA Integrated Disclosures in Point 9.2 Getting the most Out of Your Webinar All 1,000 attendees are muted Ask questions via the GTW questions box The webinar is being recorded and will be available on our website The Power Point presentation will be available on our website FAQ’s will be available on our website Legal Disclaimer: The information presented is confidential and proprietary to Calyx Software (“Calyx”) and may not be disclosed without the permission of Calyx. The purpose of this PowerPoint presentation is to provide information, rather than advice or opinion. It is accurate to the best of the speaker’s knowledge as of the date of the presentation. To the extent that this presentation contains any examples, please note that they are for illustrative purposes only and any similarity to actual individuals, entities, places or situations is unintentional and purely coincidental. In addition, any examples are not intended to serve as legal advice. No part of this presentation may be modified, printed, or presented without the permission of Calyx. Calyx and Calyx Software are registered trademarks of Calyx Technologies, Inc. Copyright © 2015 Calyx Software. All rights reserved

TILA-RESPA Integrated Disclosures in Point 9.2 Featuring The Loan Estimate and the Closing Disclosure 9.2 release: To provide the new Loan Estimate and Closing Disclosure functionality and we’ve included some additional enhancements to help you generate accurate and compliant disclosures.

TILA-RESPA Integrated Disclosures in Point 9.2 Point 9.2 Release Summary:    Loan Estimate: designed to populate from the existing Fees Worksheet.  Closing Cost Worksheet: modeled after the Fees Worksheet.  Closing Disclosure: designed to populate from the New Closing Cost Worksheet.  Truth-in-Lending screen: includes new, required, fields  Real Estate Broker: license number fields to disclose on the CD.  Time Zone dropdown menu: to disclose on the LE.

TILA-RESPA Integrated Disclosures in Point 9.2 Time Zone Time Zone dropdown list is available in GFE Screen > Important Dates

TILA-RESPA Integrated Disclosures in Point 9.2 Truth-in-Lending (TIL) Screen APR located above Payment Schedule Section Populates the LE and CD TIP located below Payment Schedule Section Populates the LE and CD

TILA-RESPA Integrated Disclosures in Point 9.2 Truth-in-Lending Screen (continued) Added Index Type dropdown field in the ARM Rate Adjustments section

TILA-RESPA Integrated Disclosures in Point 9.2 Optional Payment section TILA-RESPA Integrated Disclosures in Point 9.2 Truth-in-Lending Screen (continued) Prepayment Section Optional Payment section

TILA-RESPA Integrated Disclosures in Point 9.2 Truth-in-Lending (continued) Escrow Account Information moved from GFE to TIL Servicing Statement Liabilities after Foreclosure Section

TILA-RESPA Integrated Disclosures in Point 9.2 Point 9.2  Creating the Loan Estimate and the Closing Disclosure  The Loan Estimate and the Closing Disclosure are dynamic  GFE and TIL must continue to be used for applications started prior to the effective date, and for excluded loans.  Calyx customers will need access to all of the disclosures  Calyx will continue to support both sets of disclosures

TILA-RESPA Integrated Disclosures in Point 9.2 Loan Estimate and Closing Disclosure Good News for Calyx Point Users  Steps for creating the LE and CD in a Point file remain virtually the same as the steps for creating the GFE and TIL  Fees Worksheet and TIL screen remain the initial data entry points for data that will populate the new disclosures  Data entered to the Fees Worksheets and TIL screens is routed to the required fields in the LE and the CD  Fees and charges are automatically, alphabetized, rounded and truncated

TILA-RESPA Integrated Disclosures in Point 9.2 Fees Worksheet Loan Estimate Closing Cost Worksheet Closing Disclosures

TILA-RESPA Integrated Disclosures in Point 9.2 Loan Estimate Your Lender Name, will automatically populate onto the Loan Estimate from your Company default settings in the Utilities Menu Utilities > Company Defaults > Company Information

TILA-RESPA Integrated Disclosures in Point 9.2 Loan Estimate APR and TIP Automatically calculated in the Truth-In-Lending screen and auto populate the Loan Estimate

TILA-RESPA Integrated Disclosures in Point 9.2 Loan Estimate Adjustable Interest Rate (AIR) Table: populates onto page 2 of the Loan Estimate when the loan is an ARM

TILA-RESPA Integrated Disclosures in Point 9.2 Loan Estimate Adjustable Payment (AP) Table: populates onto page 2 of the Loan Estimate when the loan is an adjustable payment loan

TILA-RESPA Integrated Disclosures in Point 9.2 Loan Estimate (continued)

TILA-RESPA Integrated Disclosures in Point 9.2 Loan Estimate (continued) The Loan Estimate is populated with the fees and charges from the Fees Worksheet and TIL Screen

TILA-RESPA Integrated Disclosures in Point 9.2 Closing Disclosure  The Closing Cost Worksheet is modeled after the Fees Work Sheet and the new Closing disclosure.  Designed to populate from the new Closing Cost Worksheet  Located in the Forms Menu and designed to dynamically generate according to loan type and proper fee and cost groupings.  Closing Cost Worksheet includes Copy from Fees Worksheet functionality  Closing Disclosure has more detail than the Loan Estimate because of tolerances and and settlement charges

TILA-RESPA Integrated Disclosures in Point 9.2 Closing Disclosure Fees from the Closing Cost Worksheet will populate into the correct sections and will be automatically alphabetized

TILA-RESPA Integrated Disclosures in Point 9.2 CFPB Resources A summary of the rule and the rule itself and Dedicated Regulatory Implementation Website: Small Entity Compliance Guide Guide to Forms Disclosure Timeline Illustration Sample and Annotated Forms Question Index for Webinars Links to Webinars Additional Guidance Materials www.cfpb.gov

2015 CALYX POINT TILA-RESPA Integrated Disclosures in Point 9.2 The Help You Need  Point User Guide – embedded in your software  F-1 Help from any screen  www.calyxsoftware.com Knowledge Base Articles  Calyx Customer Support 1-800-342-2599 Your Account Manager 1-800-362-2599 askit@calyxsoftware.com 2015 Emily Martinez Training and Professional Services Manager