Documentation Index
Fetch the complete documentation index at: https://docs.abbyy.com/llms.txt
Use this file to discover all available pages before exploring further.
The Loan Estimate skill extracts data from Loan Estimate forms — the disclosures lenders provide to potential borrowers under the TILA-RESPA Integrated Disclosure (TRID) rule, covering loan terms and a detailed list of charges required to close the deal.
The Loan Estimate skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing loan estimates. For production use, you may need to uptrain the skill with your own document samples.
Countries and Languages
| Countries | Languages |
|---|
| USA | English |
| Field | Description |
|---|
| Date Issued | Date of signing. |
| Applicant 1 | The borrower’s name. |
| Applicant 2 (optional) | The co-borrower’s name (optional field). |
| Sale Price | The sale price of the financed property. |
| Loan Term | The term of the loan. |
| Purpose | The purpose of the loan (purchase, construction, refinancing, etc.). |
| Product | The payment type. |
| Loan Type | The loan type. |
| Loan ID | The loan identifier. |
| Rate Lock | Specifies whether the interest rate is locked. |
Applicant Address
| Field | Description |
|---|
| Street | The borrower’s address. |
| City | The borrower’s address. |
| State | The borrower’s address. |
| ZIP Code | The borrower’s address. |
Property Address
| Field | Description |
|---|
| Street | The address of the financed property. |
| City | The address of the financed property. |
| State | The address of the financed property. |
| ZIP Code | The address of the financed property. |
Loan Terms
| Field | Description |
|---|
| Loan Amount | The total amount of the loan. |
| Loan Amount Can Increase | Specifies whether the loan amount can be increased after registration. |
| Interest Rate | The interest rate. |
| Interest Rate Can Increase | Specifies whether the interest rate can be increased after registration. |
| Monthly Principal & Interest | The monthly payment (both principal and interest). |
| Monthly Principal & Interest Can Increase | Specifies whether the monthly payments can be increased after registration. |
| Prepayment Penalty | Specifies whether there are any prepayment penalties. |
| Balloon Payment | Specifies whether the loan is a balloon payment mortgage. |
Payment Calculation
| Field | Description |
|---|
| Years | The period during which the monthly payment size is locked. |
| Principal & Interest | The monthly mortgage payment size (both principal and interest). |
| Mortgage Insurance | The monthly insurance fee. |
| Estimated Escrow | The estimated escrow fee. |
| Estimated Total Monthly Payment | The estimated total monthly payment (Principal & Interest + Mortgage Insurance + Estimated Escrow). |
Taxes and Insurance
| Field | Description |
|---|
| Estimated Taxes Insurance & Assessments | The estimated tax and insurance charges. |
| Property Taxes | The property tax. |
| Homeowner’s Insurance Taxes | The homeowner’s insurance tax. |
| Other | Other payments. |
Closing Costs
| Field | Description |
|---|
| Estimated Closing Costs | The estimated closing charges. |
| Estimated Cash to Close | The total estimated amount required to close the deal – including the down payment, the deposit, and other charges (the sum of all fields in the Calculating Cash to Close group). |
Loan Costs
Section A - Origination Charges
| Field | Description |
|---|
| Section A - Origination Charges - Total | Section A: Registration fees. |
| Section A - % of Loan Amount (Points) | Section A: Registration fees. |
| Section A - Underwriting Fee | Section A: Registration fees. |
Section B - Services You Cannot Shop for
| Field | Description |
|---|
| Section B - Services You Cannot Shop for - Total | Section B: Fees charged by third parties selected exclusively by the lender. |
| Section B - Appraisal Fee | Section B: Fees charged by third parties selected exclusively by the lender. |
| Section B - Credit Report Fee | Section B: Fees charged by third parties selected exclusively by the lender. |
Section C and D
| Field | Description |
|---|
| Section C - Services You Can Shop for | Section C: Fees charged by third parties that can be selected by the borrower. |
| Section D - Total Loan Costs (A+B+C) | The total combined fees for sections A, B, and C. |
Other Costs
| Field | Description |
|---|
| Section E - Taxes and Other Government Fees - Total | Other fees (taxes, insurance charges, etc.). |
| Section E - Recording Fees and Other Taxes | Other fees (taxes, insurance charges, etc.). |
| Section E - Transfer Taxes | Other fees (taxes, insurance charges, etc.). |
| Section F - Prepaids - Total | Other fees (taxes, insurance charges, etc.). |
| Section F - Homeowner’s Insurance Premium | Other fees (taxes, insurance charges, etc.). |
| Section F - Mortgage Insurance Premium | Other fees (taxes, insurance charges, etc.). |
| Section F - Prepaid Interest | Other fees (taxes, insurance charges, etc.). |
| Section F - Property Taxes | Other fees (taxes, insurance charges, etc.). |
| Section G - Initial Escrow Payment at Closing - Total | Other fees (taxes, insurance charges, etc.). |
| Section G - Homeowner’s Insurance | Other fees (taxes, insurance charges, etc.). |
| Section G - Mortgage Insurance | Other fees (taxes, insurance charges, etc.). |
| Section G - Property Tax | Other fees (taxes, insurance charges, etc.). |
| Section H - Other - Total | Other fees (taxes, insurance charges, etc.). |
| Section I - Total Other Costs (E+F+G+H) | Other fees (taxes, insurance charges, etc.). |
| Section J - Total Closing Costs - Total | Other fees (taxes, insurance charges, etc.). |
| Section J - D+I | Other fees (taxes, insurance charges, etc.). |
| Section J - Lender Credits | Other fees (taxes, insurance charges, etc.). |
Calculating Cash to Close
| Field | Description |
|---|
| Total Closing Costs (J) | A detailed list of closing fees. |
| Estimated Closing Costs Financed | A detailed list of closing fees. |
| Down Payment or Funds from Borrower | A detailed list of closing fees. |
| Deposit | A detailed list of closing fees. |
| Funds for Borrower | A detailed list of closing fees. |
| Seller Credits | A detailed list of closing fees. |
| Adjustments and Other Credits | A detailed list of closing fees. |
| Estimated Cash to Close | The estimated total closing fee. |
| Field | Description |
|---|
| Loan Officer | The name of the lender’s loan officer. |
Comparisons
| Field | Description |
|---|
| In 5 Years - Total | The total amount that is estimated to be paid after 5 years (including interest, insurance, and other monthly fees). |
| In 5 Years - Principal | The total amount that is estimated to be paid towards the original loan amount (i.e., excluding interest payments). |
| Annual Percentage Rate (APR) | The total annual amount of interest paid – interest payments, taxes, and other fees (i.e., excluding principal payments). |
| Total Interest Percentage (TIP) | The total amount of interest estimated to be paid by the borrower over the term of the loan. |
Key Fields
- Date Issued
- Applicant 1
- Loan ID
- Loan Amount
