There are two different ways to indicate a contribution.
- Add a line item (not a custom) and select “contribution” from the drop down list. This fee description has logic built in to make sure that the contribution knocks down the cash to close without reducing the APR. (enter the amount as a positive number)
- Create a custom fee and call it something like “Seller Concession” or “Lender Credit”. Make it paid by the borrower, then make the dollar amount negative.
If you merely tag one of the fees as seller paid, it means that the borrower will not be responsible for that fee, but does not knock down the cash to close unless you use one of the methods above.