Changing an Investor Service Fee from a Percentage to Dollar Amount

Changing an Investor Service Fee from a Percentage to Dollar Amount

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

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