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2016-9-6 - Servicing and Origination Channel - Percent of Amount or Average Balance

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Origination Channels

Origination Expense Tiers now have Percent of Amount and Percent of Fees available to set from the Administration Product screen.

Inputting percentages there will change the Origination Channel dollars that display on the screen when selecting the channel from the Origination Channel popup inside an Opportunity.

 

Servicing Channels

Servicing Expense Tiers now have Percent of Amount and Percent of Average Balance available to set from the Administration Product screen. Monthly Servicing Expense is now Annual Servicing Expense.

 

Inputting percentages there will change the Servicing Channel dollars that display on the screen when selecting the channel from the Servicing Channel popup inside an Opportunity. Also, new to this popup is Percent of Average Balance and Percent of Amount fields that are available to set by the lender, which are only available if the "Enable general expense customization (including Custom channel) on opportunities" checkbox is checked, mimicking Percent of Fees and Percent of Amount found on the Origination Channel popup. Monthly Servicing Expense has changed to Annual Servicing Expense here as well. All the numbers here are now annual values.

 

 

For more information on Origination and Servicing Channels, please visit Setting Up Origination and Servicing Channels.

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