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Lender Service Fee Module

The Lender Service Fee module allows a servicer/lender to add and apply various fees to an existing loan. 

Examples include: 

  • Closing Fees

  • Commitment Fees

  • Down Payments

  • Non-Sufficient Funds Fees (NSF)

  • Origination Fees

  • "Other" or "Miscellaneous" Fees

  • Admin-customizable lender fee types

These Lender Fees can be a one-time payment a borrower is required to pay or applied as a recurring charge on a periodic (term-by-term) basis. Lender fees can be added or applied throughout the lifetime of a loan on open periods* and paid as part of a scheduled payment or paid down as an unscheduled payment if the fee is outstanding.

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