Adding More Than One Investor or Participant to a Servicing Director Loan

Adding More Than One Investor or Participant to a Servicing Director Loan

Loans are sometimes owned by more than one investor. You can add additional investors, or participants, as they are called in Servicing Director, to a Servicing Director loan by using the New Participant screen.

Total ownership of loans must always equal 100%, and there must always be only one primary investor. For example, if your institution and Fannie Mae are the two investors or participants on a loan, and you own 5%, then Fannie Mae must own 95%.


  1. Select the loan to which you want to add an additional participant from the list box, and then click Edit.
  2. Select the batch that includes the loan to which you want to add an additional participant from the Loan Transfers list on the Investor Accounting screen, and then click Loan Transfer. The Loan Transfer screen appears.
  3. The Loan Transfer Detail screen appears.
  4. Click New Participant. The New Participant screen appears.

Note: Most of the fields on the screen display default values set on the Batch Setup screen. Change these values as necessary.

  1. Enter the investor loan number (the number the investor or participant assigns to the loan) in the Investor ID field.
  2. Enter the amount of the principal balance that this investor owns in the Prin Bal Inv Share field.
  3. Enter the percentage of this loan owned by this investor in the Investor Percent Owned field.

Note: If the service fee is calculated as a percent of the principal balance, leave the Service Fee ($) field blank. Use only one of the service fee fields. The default value for the Service Fee % field is set on the Batch Setup screen.

  1. Enter the guaranty fee rate that this investor charges for this loan in the Guaranty Fee (%) field.

Note: Remember that you can designate only one primary investor. Therefore, if you want to make the participant you are adding the primary investor, make sure that any other participants attached to the loan do not have the Primary Investor option selected. Also, make sure the percent you enter in the Investor Percent Owned field, when added to the ownership percentage of the other participants, equals 100%.

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