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There are two ways to set Power Closer options, with different results:
you may change Site Options for how Power Closer calculates and displays
prorations, interim interest adjustments, and real estate commissions.
Most users do not need to change these calculation options. We recommend that
you consider carefully before changing these options, but make changes when you are
clear you need to do so. Changes
to these options only affect closing files created after the change is made.
When you create a new closing, it is based on the default template unless you choose to base it on another template or on another closing.
A simple but limited way to edit a closing template is to go to the Options menu item and select Default Template. Here you will see buttons that give control over check allocations, deposits, which documents are automatically selected for printing, which charges are automatically allocated to the seller and which to the buyer, and so on. You can also edit most of the language that appears on the HUD-1, including footnotes, certification and authorization text, settlement signatory text, and settlement address.
A more powerful
way to edit a closing template is to go to the File menu, selecting Open, and
click the Templates menu item at the top of the Open a File screen, and
selecting a template, which then opens and can be fully edited just like any
closing. Some items for a closing, such as Footnotes and other text, are
accessed by going to the Options menu item and selecting This File, which
presents certain options for whatever file you have open..
Before setting up the Accounting interface, we suggest that you update Power Closer to at least version 3.2.15 (for certain accounting features) and preferably 3.2.30 (for ease of setup).
Appendix 3 of the Power Closer
User Guide tells how to set up and use the accounting interface, step by
firms start using Power Closer's accounting interface by referring to Appendix 3
without additional help. Others call
for technical support, which may typically involve one or two ten minute phone
calls, but the support calls may occasionally take considerably longer. Some users choose to
purchase Annual Support to help them get off
on the right foot. For more, see Prepare checks
Before setting up for merging documents, you may need to:
For more about the location of word processing forms and documents, see How you organize your word processing forms and document files.
To set Power Closer merge options, go to each workstation in turn, select Power Closer's Options menu item and select "Workstation" options. Click the merge setup button to access the merge options for this workstation. Likely settings for the various Power Closer merge options are as follows:
The "Forms folder" may be a single shared folder for all users, or a separate folder for the particular user. Some firms set up a single "Closings folder" for all users. Most firms check the checkbox to "Create closing folder", which creates a separate subfolder within the "Closings folder" in which to save and find each closing's documents. The word processing software's "File Locations" may be set consistently with the "Forms folder" and the "Closings folder".
We recommend merging to a single word processing software. That way you only need to learn the idiosyncrasies of one word processing software, and you only have to maintain a single library of forms. With that in mind, you may set Power Closer merge options for MS Word, or WordPerfect, or both. If using both, be sure to return to the preferred word processor's options for each workstation as you click OK to complete and save the merge options at the current workstation.
Be sure to set the Power Closer merge options at each workstation where Power Closer is installed.
For orientation to using the merge feature, see Merging Documents.
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