Initial Disclosures

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PPDocs, Inc. makes it easy to generate the initial disclosures you need quickly. We understand terms and closing dates can change; therefore, we offer free redraws that can be done in seconds. We offer electronic disclosures that you can send to the borrower for electronic signatures. If you prefer paper disclosures, we can print and mail the disclosures and booklets for you free of charge.

Users have the ability to produce the federally required upfront disclosures online. After inputting the necessary information, these initial disclosures are available for printing in seconds. This is beneficial for those disclosures that must be given at the time of loan application. We have also designed the Mortgage Loan Disclosure Matrix that will allow you to determine which disclosures are required for your transaction type and the time in which they must be provided, a critical tool to help you stay in compliance.

Go from initial disclosures to ordering closing documents in one click. The data you have entered carries over to the closing documents to avoid redundant data entry.

Inconsistencies between final closing documents and initial disclosures can delay or even scuttle a loan closing. PPDocs has eliminated the risks of inadequate or improper initial disclosures with its automated disclosure document preparation system.


The Challenge

1. Maintaining a huge document library as well as obtaining the current documentation and loan requirements of investors.

2. Selecting the right documents for a particular transaction is daunting and overwhelming.

3. Difficult to stay in compliance.

The Solution

1. The document library at PPDocs, Inc is maintained by full time staffs and compliance personnel. The documents are updated as new rules and regulations require them. Our experienced staff knows your investor's requirements and the documents needed.

2. Our document selection engine will automatically analyze your loan data and suggest the documents you need.

3. We have thousands of built-in audits to ensure your loan is compliant and accurate.

Advantages of PPDocs Initial Disclosure System:

  • Near-Immediate Disclosure Document Preperation

    The lender simply enters data -- such as the estimated value of that property, and the requested loan amount -- into the PPDocs system from a loan application. The PPDocs system takes that data and propagates it throughout all required loan application documentation, including the initial disclosure statement. This eliminates redundant data entry, and all risk of errors and inconsistencies between loan application and closing.

  • Improved Clarity for the Borrower

    The PPDocs initial disclosure document discloses all loan information when the application is made to give the borrower ample time to read and evaluate the terms and conditions of the loan. The borrower can receive initial disclosures electronically or in a paper document.

  • Flexibility for Revisions

    If the terms and conditions of the loan change, or the lender or borrower needs to reschedule a closing date, the PPDocs initial disclosure system allows the lender to make simple modifications without having to re-enter data multiple times. Where a borrower’s circumstances change after creation of the initial disclosure, the PPDocs system enables additional input to determine the effect of that change on any good faith estimates.

  • 50 State Compliance

    PPDocs maintains a full library of documents for all states and geographic territories throughout the country. Our Mortgage Loan Disclosure Matrix directs lenders to select the correct documents and disclosures at the time of the application, regardless of the type of loan or the jurisdiction of the lender, the borrower, or the assets that will secure the loan.


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