Standard lender fees automatically populate on all loans in the Portal.

Fees:

·         Are based upon the entered loan information.

·         Automatically adjust with relevant loan changes.

·         Cannot be deleted.

Step

Action

       1        

Quickly add standard title and recording fees to a loan with the Generate Title & Tax Recording Fees button. These fees are editable and may be deleted.

  2        

Brokers can add multiple fees to a loan with the Quick Fees button.

·         Click Quick Fees to open the Add Fees popup.

·         Place checkmark(s) next to the fee(s).

·         Enter the amount(s) to be paid by the Borrower and/or Seller.

·         Click Save.

Note: Click the to expand or collapse the Fee Sections.

  3        

Use the Search bar at the top of the screen to quickly find fees.

  4        

Review the fees listed to ensure that all fees are reflected properly.

Helpful Tip: There is a Legend for the LE/CD Section codes at the bottom of this screen (you may have to zoom out to see it).

A    Origination Charges

B    Services You Cannot Shop For

C    Services You Shop For

E     Taxes and Other Government Fees

F     Prepaids

G    Initial Escrow Payment at Closing

H      Other

  5        

To delete a fee, click the trash can icon on the far right of the screen.

Step

Action

       1        

To edit a fee, click the Fee Description link.

  2        

Make the changes to the fee and click Save.

  3        

The edited fee will display a  in the Fee Modified column.

Step

Action

       1        

Select Loan Processing to open the menu and select Fees & Closing Costs.

  2        

Click the Add New Fee button at the bottom of the screen.

  3        

In the Add Fee pop up window select the LE/CD Section, Fee Identifier and the Pay To from the dropdown lists, enter the fee details, and click the Save button.

Helpful Tip: To filter the Fee Identifier options choose a selection from the LE/CD Section dropdown.

  4        

The fee added will display a in the Manual Fee column.

Step

Action

       1        

Select Loan Processing to open the menu and select Fees & Closing Costs.

  2        

Click the Add New Escrow Button at the bottom of the screen.

  3        

·         Select the Escrow Item from the dropdown list.

·         Enter the Annual Amount Due and the Months Collected,

·         Cushion Months will reflect the required cushion based on the subject property state.

·         Click Save.

  4        

The new escrow item will display a  in the Manual Fee column.

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