Loan transfer Batch Error: Invalid Service Fee Found Servicing Director> Investor Accounting Module

Loan transfer Batch Error: Invalid Service Fee Found Servicing Director> Investor Accounting Module

 Error: Invalid Service Fee Found


Root Cause:

The error is caused by a pending service fee change record established for the current (old) investor for which the effective date is in the future of the effective due date selected for transferring


Workaround:

There are two options to fix this depending loan due date and the loan transfer date first go to.

  • Investor Accounting>Loan>Service Fee Change, delete the most current service fee record

If you get a error saying you cannot delete a service fee change that has already happened then go to this step

  • Go to the loan transfer batch and open the record for the loan and make the effective date = to the due date of the loan in the batch set up screen

You can then post the loan transfer batch.

ArticleNumber:

000039367