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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.
Non-Sufficient Funds Fees (NSF)
"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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