This procedure is used if an Investor loan has a Service Fee set up as a percentage (%) in error, and it is necessary to change the Service Fee to be a flat dollar amount ($).

You will need to do an Investor Loan Transfer.

1. In Servicing Director Investor Accounting Module, set up a Loan Transfer batch for the loan, from same-investor to same-investor.
2. In the loan transfer batch,  set up the new Service Fee record with a dollar amount ($) instead of a percentage (%).
3. Post the Loan Transfer batch.

ArticleNumber:

000045297