I suppose that all the calculations have already been addressed at the time the loan is drawn up. All of the numbers are already in the correct line and column.
So WHY do borrowers have a form that gives them 'choices' at the table?
If they happened to check the wrong box, would the whole loan have to be recalculated?
Remember there's already a disbursement date on the CD.
I've had situations where the form is in the package, without the interest blanks filled in, so then borrowers have a choice to make without any real information. When we called about this situation the TC said, 'no that's ok, nothing goes in that blank, just have them sign it. |