Setting Up Vendors

Setting Up Vendors

You must set up the vendors you use with Servicing Director. For example, if you use a company to print coupons, you must set them up as a vendor.

We supply some vendors for you. For example, certain tax services like First American, Lereta, and Transamerica are already set up as vendors. When you install Servicing Director, the vendor table already contains some vendors. Behind the scenes, these delivered vendors are assigned a code that will be used in export events associated with that vendor.

The following is a complete list of system-delivered vendors:

  1. First American tax services
  2. Transamerica tax services
  3. Lereta Corp tax services
  4. Fidelity National tax services
  5. EDI Hazard Insurance
  6. Southwest Business Corp

Note: If servicing director has a screen for a specific type of vendor, you can add vendor information on that screen. For example, if you have vendors that perform inspections, you must set up information for those vendors on the inspection company screen, as well.


To set up a vendor:
  1. Access the System Administration and select Setup.
  2. Select Vendor from the list of tables.
  3. Select Open > New:
  • Enter the vendor's name in the Vendor Name fields.
  • Enter the ID that this vendor uses to identify you in the Client/Vendor number field (this is the number assigned to you by the vendor).
  • Enter the complete address for the vendor in the Address, City, State and Zip fields.
  • Enter the Phone number and e-mail address in the Phone and e-mail fields.
  1. Select the Automated Tax Service Set Up check box, if you use the vendor for automated set up of tax bill records for new loans.
  2. Enter a comment to help you identify this vendor, in the comment field.
  3. Click OK.

ArticleNumber:

000050177

    • Related Articles

    • Setting Up ARM Indices

      Set up indices that you want to use in ARM calculations. After you set up indices, you can add interest rates and use them to calculate new rates and payments. Use the Adjustable Rate Mortgage Application Options > Setup Index screen to setup a new ...

    • Setting up Escrow Types

      You can set up escrow types of taxes and insurance using the New Escrow Type screen. After you set up the escrow types, you can select them from the Type field when setting up tax bills and insurance premiums in Tracking. Set up Escrow Account Types ...

    • Setting up General Ledger Plans

      The set up of general ledger plans is an option. You can set up the general ledger plans on the GL plan screen. Use the System Administration application Table Setup for GL Account to set up general ledger plans. For detailed steps, see the Servicing ...

    • Setting up General Ledger Accounts

      You must set up your general ledger accounts and account assignments if you intend to export your transaction information from Servicing Director into your general ledger software. Use the System Administration application Table Setup for GL Account ...

    • Setting up Loss Mitigation Tables

      Using the Loss Mitigation feature in Collections, you can record information that helps your company track activity for loans in loss mitigation. This information includes the following: The status of the loss mitigation effort The reason the loan is ...