Countries and Languages
| Countries | Languages |
|---|---|
| USA | English |
Extracted Fields
Document Type
| Field | Description |
|---|---|
| Preliminary | Specifies that preliminary mortgage terms are evaluated in the document. |
| Final | Specifies that final mortgage terms are evaluated in the document. |
Basic Information
| Field | Description |
|---|---|
| Date | The document registration date. |
| Loan Number | The loan identifier. |
| Lender Name | The name of the lending organization. |
| Lender Address | The address of the lending organization. |
| Borrower Name | The name of the borrower. |
| Borrower Address | The address of the borrower. |
| Co-Borrower Name | The name of the co-borrower. |
| Property Address | The address of the financed property. |
Financial Terms
| Field | Description |
|---|---|
| Annual Percentage Rate | The annual interest rate. |
| Finance Charge | The total cost of the mortgage loan, including the total interest and other charges. |
| Amount Financed | The amount loaned to the borrower. |
| Total of Payments | The total amount payable by the borrower to the lending organization (Finance Charge + Amount Financed). |
Payment Schedule (Repeating Group)
| Field | Description |
|---|---|
| Number of Payments | The number of payments. |
| Amount of Payments | The size of a single payment. |
| Payments Due | The payment due date. |
Monthly Payment Details
| Field | Description |
|---|---|
| Interest Rate | The mortgage interest rate. |
| Principal and Interest Payment | The monthly payment breakdown (into principal and interest parts). |
| Escrow (est. Taxes and Insurance) | The estimated amount required to cover monthly escrow charges. |
| Total est. Monthly Payment | The total estimated monthly payment. |
Loan Features
| Field | Description |
|---|---|
| Demand Feature | Specifies whether the lending organization is able to call the loan at any time before the due date. |
| Variable Rate Applicable | Specifies whether the interest rate is a variable interest rate. |
| Variable Rate Not Applicable | Specifies whether the interest rate is a variable interest rate. |
| Security Property Address | The address of the security property. |
Late Charge Information
| Field | Description |
|---|---|
| Late Charge Days | The number of days after which a late charge will be levied for an overdue payment. |
| Based on Overdue Payment | Specifies whether the amount levied for a late charge is based on the size of the overdue amount. |
| Based on Overdue Payment % | The percentage of the overdue amount that is charged by the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days). |
| Based on Overdue Payment of Principal and Interest | Specifies whether the late charge is based on the monthly principal and interest payment amounts (Principal and Interest Payment). |
| Based on Overdue Payment of Principal and Interest % | The percentage of the monthly payment (Principal and Interest Payment) payable by the borrower to the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days). |
| Based on Range | Specifies whether the late charge amount has to be within a specific range. |
| Based on Range Min | The minimum and maximum possible late charge amounts. |
| Based on Range Max | The minimum and maximum possible late charge amounts. |
Conditional Charge
| Field | Description |
|---|---|
| The Lesser | Specifies that the late charge will be equal to the lesser amount between (Default %) and (Threshold sum). |
| The Greater | Specifies that the late charge will be equal to the greater amount between (Default %) and (Threshold sum). |
| Equal To | Specifies that the late charge will be a fixed amount (Threshold sum). |
| Default % | If a different late charge amount is not specified, specifies the percentage of the unpaid amount that is payable by the borrower to the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days). |
| Threshold sum | If a different late charge amount is not specified, specifies the fixed amount payable by the borrower to the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days). |
Additional Fees and Terms
| Field | Description |
|---|---|
| Filing or Recording Fees | The mortgage loan filing and registration charges. |
Prepayment
| Field | Description |
|---|---|
| Penalty | Specifies whether there are additional charges for early repayment. |
| No Penalty | Specifies whether there are additional charges for early repayment. |
| Entitled to Finance Charge Refund | Specifies whether the borrower is entitled to a finance charge refund in case of early repayment. |
| Not Entitled to Finance Charge Refund | Specifies whether the borrower is entitled to a finance charge refund in case of early repayment. |
Assumption
| Field | Description |
|---|---|
| Not Allowed to Assume | Specifies whether the mortgage is an assumable mortgage. |
| May be Allowed to Assume | Specifies whether the mortgage is an assumable mortgage. |
Property Insurance
| Field | Description |
|---|---|
| Not Available | Specifies that the lending organization does not offer property insurance. |
| Available Through | The name of the organization providing the property insurance. |
| Insurance | The property insurance payment size. |
| Insurance Term | The property insurance payment term. |
Key Fields
- Date
- Loan Number
- Borrower Name
- Co-Borrower Name
- Property Address
- Annual Percentage Rate
- Finance Charge
Validation Rules
| Rule | Description |
|---|---|
| Demand Feature Checkmark Check | Sets the value of the Demand Feature checkmark depending on the text description. |
| Variable Rate Applicable Checkmark Check | Sets the value of the Variable Rate Applicable checkmark depending on the text description. |
| Variable Rate Not Applicable Checkmark Check | Sets the value of the Variable Rate Not Applicable checkmark: when the checkmark is missing from the form, depending on the text description. |