Preventing the Guaranty Fee from being remitted to the Investor in Servicing Director

Preventing the Guaranty Fee from being remitted to the Investor in Servicing Director

In Servicing Director > Investor Accounting Module, you are able to define a Guaranty Fee percentage - expecting that you can either remit this amount to the investor or keep the fee.

The Guaranty Fee field is a memo/informational field only and does not move or assign funds.


Workaround:

If you did need to set up a 'Guaranty Fee' and wished to keep those funds from being remitted to the Investor, then you should increase the Service Fee amount (dollars or %) to include this amount.

ArticleNumber:

000066491