How are fees and charges added to a Policy Group in mortgage?

First, a list of potential fees need to be defined. Follow these steps to create fees.

  1. In Administration, select the Account .
  2. From the top menu, select Fees and Charges>Mortgage.
  3. If available, select the desired Fee Time Frame from the drop-down list to define fees for either pre or post 8/1/2015 .
  4. To add a new fee, click the + FEE button, complete the fee information and click Save.
  5. Repeat these steps until a list of potential fees have been defined.

After fees have been defined, create a fees policy.

  1. From the top menu, select Policies>Mortgage.
  2. If available, select the desired Fee Time Frame from the drop-down list to define a fees policy for either pre or post 8/1/2015.
  3. Click the + FEES button to create a new fees policy.
  4. In the Policy Name field, enter a descriptive name for the policy.
  5. From the list of fees displayed, select the check box in front of the fees to be associated with this policy.
  6. At the bottom of the page, click the SHARE WITH ORGS button to select which organization(s) the fee policy will be available.
  7. Once the applicable organizations have been selected, click CLOSE to close the Share with Organizations window.
  8. Click SAVE to save the fee policy and return to the Policies page.

Now that a fees policy has been defined, it can be associated with other policies using the Policy Group feature. Follow these steps to create a policy group.

  1. From the top menu, select Policy Groups>Mortgage.
  2. Click the + Policy Group button to create a policy group.
  3. In the Name field, enter a descriptive name for the policy group.
  4. If desired, you can provide further descriptive text in the Description field.
  5. From the available drop-down lists, select the desired policies. The Fee Policy(ies) must be added to a policy group to be available in a transaction.

In a ComplianceOne transaction, the policy group can be selected from the Policy Group drop-down list on the Loan Definition page. The fees in the fees policy attached to the Policy Group will default to the Calculations page of the transaction.