![]() The payee name can be placed on the blank line beneath the item description. Each payoff mortgage line has its own calculator. Close It Original HUD DisplaySoft 2018 Display Systems, Inc.ġ0 Payoff Mortgage Using the payoff calculator is optional because the amounts may be entered directly onto the closing statement. Commission Breakdown BROKER: A deposit to broker will appear as income on the balance sheet unless it is retained by the broker or the balance of the deposit is moved to the Seller position inside the Commission Breakdown calculator on HUD. The amount direct to seller will not appear on the balance sheet as income. The amount entered here will indicate the deposit was given from the buyer to the seller or from a third party to the seller prior to closing The deposit direct to seller will appear on the seller side of the settlement statement as a reduction to the seller at closing. SELLER DIRECTLY The Seller Directly is not intended for use by the broker. OTHER ESCROW The Other Escrow is intended for use by the settlement agent to indicate the amount is available at settlement from the closer s escrow account. ![]() A portion of the deposit data entry is reserved and integrated with the commission calculator on, Section H. ![]() The deposit appears as a credit on the buyer side of the settlement statement. 9 HUD Deposit Click the DEPOSIT button to open the deposit information and enter the deposit into Broker-1, Other Escrow, or Seller Directly.
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