--- title: How to add or edit details in the terms of a loan? description: This article discusses how to add or edit details in the terms of a loan. --- [Skip to content](https://help.themortgageoffice.com/knowledge/how-to-add-or-edit-detailed-information-in-terms-of-a-loan#main-content) [![TMO-LO~1](https://help.themortgageoffice.com/hs-fs/hubfs/TMO-LO~1.png?width=200&height=65&name=TMO-LO~1.png)](https://www.themortgageoffice.com/) - [Platform](https://www.themortgageoffice.com/products/) Show submenu for Platform - [Loan Servicing](https://www.themortgageoffice.com/products/loan-servicing-software/) - [Loan Origination](https://www.themortgageoffice.com/products/loan-origination-software/) - [Fund Management](https://www.themortgageoffice.com/products/fund-management-software/) - [Knowledge Hub](https://www.themortgageoffice.com/knowledge-hub/) Show submenu for Knowledge Hub - [Blog](https://www.themortgageoffice.com/blog/) - [Resources](https://www.themortgageoffice.com/resources/) - [Webinars](https://www.themortgageoffice.com/resources/?_resource_types=on-demand-webinars) - [Seminars](https://www.themortgageoffice.com/seminars/) - [FAQs](https://www.themortgageoffice.com/frequently-asked-questions/) - [Release Notes](https://help.themortgageoffice.com/knowledge/release-notes) Open main navigation Close main navigation - [Platform](https://www.themortgageoffice.com/products/) Show submenu for Platform - [Loan Servicing](https://www.themortgageoffice.com/products/loan-servicing-software/) - [Loan Origination](https://www.themortgageoffice.com/products/loan-origination-software/) - [Fund Management](https://www.themortgageoffice.com/products/fund-management-software/) - [Knowledge Hub](https://www.themortgageoffice.com/knowledge-hub/) Show submenu for Knowledge Hub - [Blog](https://www.themortgageoffice.com/blog/) - [Resources](https://www.themortgageoffice.com/resources/) - [Webinars](https://www.themortgageoffice.com/resources/?_resource_types=on-demand-webinars) - [Seminars](https://www.themortgageoffice.com/seminars/) - [FAQs](https://www.themortgageoffice.com/frequently-asked-questions/) - [Release Notes](https://help.themortgageoffice.com/knowledge/release-notes) - [Contact Support](https://help.themortgageoffice.com/knowledge/kb-tickets/new) [Contact Support](https://help.themortgageoffice.com/knowledge/kb-tickets/new?hsLang=en) How can we help you? - There are no suggestions because the search field is empty. 1. [Knowledge Base](https://help.themortgageoffice.com/knowledge?hsLang=en) 2. [Loan Servicing](https://help.themortgageoffice.com/knowledge/loan-servicing?hsLang=en) 3. [Terms](https://help.themortgageoffice.com/knowledge/loan-servicing?hsLang=en#terms) October 9, 2026 # How to add or edit details in the terms of a loan? ## This article discusses how to add or edit details in the terms of a loan. ### **To add or edit details in the terms of a loan:** - Click on the ![image-png-Jul-14-2023-12-46-04-6535-AM](https://help.themortgageoffice.com/hs-fs/hubfs/image-png-Jul-14-2023-12-46-04-6535-AM.png?width=15&height=15&name=image-png-Jul-14-2023-12-46-04-6535-AM.png) **Loan Servicing** drop-down menu in the left panel of The Mortgage Office®. - Click the **Loans** drop-down menu. - Click **All Loans** from the list that drops down. - From the **All Loans** grid, select the loan you want to modify. TIP: If the record you want to edit is not visible, use the grid's vertical scroll bar to scroll the contents of the grid up or down, or click ![FindSearch icon box](https://help.themortgageoffice.com/hs-fs/hubfs/TMO%20APP%20Icons/FindSearch%20icon%20box.png?width=231&height=27&name=FindSearch%20icon%20box.png) **Find** to search for the record by entering your own search criteria. For additional information see [How to Use Find](https://help.themortgageoffice.com/knowledge/how-to-use-find?hs_preview=HVOdZgqP-118552067706&hsLang=en) and [How to Use the Data Grids.](https://help.themortgageoffice.com/knowledge/how-to-use-the-data-grids?hs_preview=iGfLglJv-112766338347&hsLang=en) - Click ![edit](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/edit.png?width=15&height=15&name=edit.png) from the options available on the top panel or **double-click** on the item. - Click ![list check 60](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/list%20check%2060.png?width=22&height=17&name=list%20check%2060.png) **Terms** from the list located on the left of the window, and select the **Details** Tab. - **Add** or **Edit** information in the following sections: ### **Categories & Grouping:** | **Field:** | **Description:** | | --- | --- | | **Loan Code** | Enter a loan **code**. (Maximum of 15 characters) TIP: You can enter any type of code that is meaningful to you. | | **Loan Officer** | Select the name of the loan officer associated with this loan. (Maximum of 64 characters) TIP: To add, rename, merge or delete loan officer names from the list, navigate to Tasks & Reports, click Options & Maintenance, then click **List Maintenance: Loan Officer** to open the list maintenance window. Select a name from the list and use the commands to the right. | | **Originating Vendor** | Click **Originating Vendor** to select an originating vendor from the list or leave it blank. TIP: Click ![delete](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/delete.png?width=15&height=15&name=delete.png) to remove the originating vendor from a loan. This does not delete the vendor account nor its associated data. TIP: Use the originating vendor to share the income generated from servicing fees, late charges, and prepayment penalties with another vendor. Before you can select an originating vendor, you must first create it through Add Vendor. TIP: Lenders can also be used as originating vendors. | | **Categories** | Click **Categories** to select one or more categories from the list. TIP: Categories are keywords or small phrases that help you segregate loans into meaningful groups. When printing statements and reports, you can include or exclude loans based on their categories. You can also use categories to create your own Smart Views. TIP: Loans can be assigned more than one category. For example, a loan can be assigned to the category Personal, Collector-A and Calyx. You can add, rename or delete categories as needed. NOTE: Active, Bankruptcy, Foreclosure and Paid are system categories and cannot be renamed or deleted. To learn more about categories read [How to use the categories window.](https://help.themortgageoffice.com/knowledge/how-to-use-the-categories-window?hs_preview=nKGHLrJi-122981239182&hsLang=en) | ### **Other Loan Details:** | **Field:** | **Description:** | | --- | --- | | **Loan Purpose** | Select a Loan **Purpose** from the drop-down list. (Maximum of 30 characters) Default values are: - Purchase - Cash-Out Refi - No Cash-Out Refi - Construction - Construction-Perm - Home Improvement - Debt Consolidation - Other TIP: To add, rename, merge or delete items from the list navigate to **Tasks & Reports**, click **Options & Maintenance**, then click **List Maintenance: Loan Purpose** to open the list maintenance window. Select an item from the list and use the commands to the right. | | **Documentation** | Enter the **Documentation** or select one from the drop-down list. (Maximum of 30 characters) Default values are: - Full - Stated - Alternate TIP: To add, rename, merge or delete items from the list navigate to **Tasks & Reports**, click **Options & Maintenance**, then click **List Maintenance: Loan Documentation** to open the list maintenance window. Select an item from the list and use the commands to the right. | | **FICO Score** | Enter the primary borrower's **FICO** score. Generally, this value is based on the reported credit scores and guidelines used for **underwriting**. NOTE: FICO scores are the credit scores most lenders use to determine credit risk. There are three FICO scores, one for each of the **three** credit bureaus – Experian, TransUnion, and Equifax. Each score is based on information the credit bureau keeps on file about the borrower. | | **![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png) Section 32** | Select this option if the loan falls under **Section 32** of the Federal Reserve Regulation Z, also referred to as the High-Cost Mortgage Act. **What is a high-cost mortgage loan?** The term "predatory lending" encompasses a variety of practices. Oftentimes homeowners in certain communities – particularly, the elderly and minorities – are targeted with offers of high-cost, home-secured credit. The loans carry high up-front fees and may be based on the homeowners’ equity in their homes, not their ability to make the scheduled payments. When homeowners have a problem repaying the debt, they are often encouraged to refinance the loan. Frequently this leads to another high-fee loan that provides little or no economic benefit to the borrower. The Home Ownership and Equity Protection Act (HOEPA) as implemented by Federal Reserve Regulation Z – Section 32 – imposes additional disclosure requirements on these types of loans and prohibits certain acts and practices in connection with mortgage lending. HOEPA prohibits extending credit without regard to a consumer’s repayment ability. HOEPA identifies a high-cost mortgage loan through rate and fee triggers, and it provides consumers entering into these transactions with special protections. HOEPA applies to closed-end home-equity loans (excluding home-purchase loans) bearing rates or fees above a specified percentage or amount. A loan is covered by HOEPA if (1) the Annual Percentage Rate (APR) exceeds the rate for Treasury securities with a comparable maturity by more than 10 percentage points, or (2) the points and fees paid by the consumer exceed the greater of 8 percent of the loan amount or $480 (for 2002, adjusted annually based on the Consumer Price Index). HOEPA restricts certain loan terms for high-cost loans because they are associated with abusive lending practices. These terms include short-term balloon notes, prepayment penalties, non-amortizing payment schedules, and higher interest rates upon default. | | **![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png) Article 7** | Select this option if the loan falls under **Article 7** of the California B & P Code Section 10240.1 and 10240.2. NOTE: Article 7 (California B & P Code Section 10240.1 and 10240.2) applies only to loans secured by real property which includes a dwelling. For this purpose, a dwelling is a single dwelling unit in a condominium or cooperative or a parcel containing only residential units if the total number of units on the parcel is four or less. Except for its disclosure statement, late charges, and loan prepayment provisions, Article 7 applies only to first trust deed loans under $30,000 and junior trust deed loans under $20,000. | | **![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png) Section 4970** | Select this option if this loan is a covered loan as defined in Financial Code Section **4970(a) through (e)**. This option is used by the DRE module when producing the California DRE form RE 881. | | **![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png) RESPA** | Select this option to designate loan as subject to the 2013 Real Estate Settlement Procedures Act (**Regulation X**) and Truth in Lending Act (**Regulation Z**) Mortgage Servicing Final Rules. TIP: When this option is selected, the Regular Payment Trust: Reserve text box in the Regular Payment section on the General tab of the Loan Terms is set to read-only and must be empty. | ### **Escrow Analysis:** | **Field:** | **Description:** | | --- | --- | | **Next Computation Period** | Enter the **month** and **year** when you must perform an aggregate escrow account analysis and print the [Annual Escrow Account Disclosure Statement.](https://help.themortgageoffice.com/knowledge/how-to-perform-escrow-analysis-and-print-annual-escrow-account-disclosure-statement?hs_preview=vAQDbNCg-122983308189&hsLang=en) Generally, the escrow analysis must be performed **one** or **two** months immediately preceding this date. | | **Perform Escrow Analysis** | Click this hyperlink to **[perform](https://help.themortgageoffice.com/knowledge/how-to-perform-escrow-analysis-and-print-annual-escrow-account-disclosure-statement?hsLang=en)** an aggregate escrow account analysis and **print** the Annual Escrow Account Disclosure Statement. **Annual Escrow Account Disclosure Statement:** For each escrow account, a servicer shall submit an annual escrow account statement to the borrower within **30 days** of the completion of the escrow account computation year. The servicer shall also submit to the borrower the previous year’s projection or initial escrow account statement. The servicer shall conduct an escrow account analysis before submitting an annual escrow account statement to the borrower. Furthermore, the annual escrow statement shall provide an account history, reflecting the activity in the escrow account during the escrow account computation year, and a projection of the activity in the account for the next year. In preparing the statement, the servicer may assume scheduled payments and disbursements will be made for the final 2 months of the escrow account computation year. | | **View Payment Changes** | Click to open the Escrow Analysis Scheduled Payment Changes window showing all **past** and **future** scheduled payment changes. | ### **Tax Reporting Information:** | **Field:** | **Description:** | | --- | --- | | **![square-check-solid](https://help.themortgageoffice.com/hs-fs/hubfs/Icons/square-check-solid.png?width=15&height=15&name=square-check-solid.png) Tax Reporting** | Click this box to **opt** the Borrower into Tax Reporting. | | **IRS 1098 Points Paid** | Enter points paid on the purchase of the payer of record's principal residence. 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