Resources > Glossary > Addendum to the HUD

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

Addendum to the HUD
This document is prepared by the closing agent and discloses all fees and costs involved in the loan and is required by Federal Law. It includes the loan amount, loan fees, charges, proration of real estate taxes, and amounts due to and from the borrower(s). It is common for the appraisal fee(s) and credit report fees to have already been paid. Previously paid fees should be documented as paid by noting the initials, P.O.C. which stands for paid outside the closing.