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0678 How to disclose Yield Spread Premium (YSP) on the GFE 2010 .: Knowledge Base
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Knowledge Base .: 0678 How to disclose Yield Spread Premium (YSP) on the GFE 2010
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0678 How to disclose Yield Spread Premium (YSP) on the GFE 2010
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MANAGEMENT
Include YSP in Origination
No YSP Compensation to Broker
Entering YSP credit and including it into the origination charges
INSTALLATION
LOAN BRIDGE
1.
2.
Go to the Initial Fees Worksheet.
Scroll to the Credit for Specific Interest Rate Chosen section and then enter the YSP amount.
3.
4.
Go to line item 801: Loan origination Fee.
In the Compensation from Rebate dropdown list, select Include in Origination Charge, or click
lock box and manually enter the YSP amount that will be included into the origination charges.
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http://kb.calyxsupport.com/kb/article.php?id=678
10/21/2010
0678 How to disclose Yield Spread Premium (YSP) on the GFE 2010 .: Knowledge Base
5.
6.
7.
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Go to the Good Faith Estimate 2010.
Scroll to the Adjusted Origination Charges section.
For line item 2. Credit or charge (points) for the specific interest rate chosen, check the Borrower
receives a credit of... checkbox.
http://kb.calyxsupport.com/kb/article.php?id=678
10/21/2010
0678 How to disclose Yield Spread Premium (YSP) on the GFE 2010 .: Knowledge Base
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**NOTE: If the YSP that you have included into line 801: Compensation from Rebate is the same as the
entered into the Credit for Specific Interest Rate Chosen section; then the YSP is a wash and you shoul
have followed the above steps.
However, If the YSP that you will include into the origination charges is less than the YSP amount in the
for Specific Interest Rate Chosen section; then you must enter the difference into the 1300 series sectio
a negative number.
http://kb.calyxsupport.com/kb/article.php?id=678
10/21/2010
0678 How to disclose Yield Spread Premium (YSP) on the GFE 2010 .: Knowledge Base
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Credit For Specific Interest Rate Chosen minus 801: Compensation from Rebate = negative amount to ente
1300 series section. For Example: $4,070 - $1800 = $2270 (enter as a negative number)
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http://kb.calyxsupport.com/kb/article.php?id=678
10/21/2010
0678 How to disclose Yield Spread Premium (YSP) on the GFE 2010 .: Knowledge Base
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http://kb.calyxsupport.com/kb/article.php?id=678
10/21/2010