The Sources and Uses section helps check the validity of a loan request. If the information here is far from 100%, this means something in the loan application is not adding up. This section is displayed to the lenders in its entirety. 

RealAtom automatically calculates Closings Costs as 2% of the loan request amount. In order to balance Sources and Uses, make sure that you have the borrower equity entered in the Sources; also, make sure that all the projected expenditures are accounted for in the Uses. 

If you see a red “Sources and Uses total should be equal” message, then you need to make a change so that the “Total Sources” equals the “Total Uses.”

Note: Lenders will not see this error message. 

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