What is HUD-1 settlement statement excel?

HUD-1 settlement statement excel is a standardized form used in real estate transactions to itemize all the costs and fees associated with closing the deal. It provides a detailed breakdown of expenses for both the buyer and the seller, including loan details, taxes, and insurance. The HUD-1 settlement statement excel is an essential document that ensures transparency and accuracy in the closing process.

What are the types of HUD-1 settlement statement excel?

There are two main types of HUD-1 settlement statement excel: the borrower's form and the seller's form. The borrower's form is used by the buyer to itemize their expenses, such as loan fees, origination charges, and prepaid interest. On the other hand, the seller's form outlines the costs incurred by the seller, including the payoff of existing loans, real estate commissions, and other fees related to the sale. Both forms are crucial in providing a comprehensive overview of the financial aspects of a real estate transaction.

Borrower's form
Seller's form

How to complete HUD-1 settlement statement excel

Completing the HUD-1 settlement statement excel may seem daunting at first, but with the right guidance, it can be a straightforward process. Here are the steps to follow:

01
Gather all relevant documents, such as the sales contract, loan estimate, and other financial records.
02
Carefully review each section of the HUD-1 settlement statement excel and ensure accuracy.
03
Fill in all the necessary information, including names, addresses, and loan details.
04
Enter the itemized costs and fees for both the buyer and the seller.
05
Double-check all the calculations and ensure the final figures are correct.
06
Obtain signatures from all parties involved in the transaction.
07
Keep a copy of the completed HUD-1 settlement statement excel for your records.

By following these steps, you can confidently complete the HUD-1 settlement statement excel and ensure a smooth closing process. Remember, pdfFiller empowers users to create, edit, and share documents online. Offering unlimited fillable templates and powerful editing tools, pdfFiller is the only PDF editor you need to get your documents done.

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Questions & answers

The settlement agent shall complete the HUD-1 to itemize all charges imposed upon the Borrower and the Seller by the loan originator and all sales commissions, whether to be paid at settlement or outside of settlement, and any other charges which either the Borrower or the Seller will pay at settlement.
A HUD-1 form, also called a HUD-1 Settlement Statement, is a standardized mortgage lending document. Creditors or their closing agents use this form to create an itemized list of all charges and credits to the buyer and to the seller in a consumer credit mortgage transaction.
The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1.
A settlement agent, or closing agent, will prepare a HUD-1 settlement statement at the closing of a real estate loan. The final version will explicitly state all costs involved with the real estate loan and to whom the individual charges and fees will be paid to.
Another big distinction between the Closing Disclosure and the HUD-1 is where the HUD-1 listed all terms, charges and credits for both the buyer and the seller, the Closing Disclosure has a separate form for the buyer as it does for the seller. This provides for more consumer protection at the closing table.
The CDF is the settlement statement that replaced the HUD, only it is designed strictly for the buyer only. It contains information specific to their loan amount, closing costs, loan terms, and other such personal information.