Calculate Service Fees for Mortgage Payoff
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Screen ID: Screen Title: Panel Number: |
UMBRLNCL-04 Calculate Service Fees for Mortgage Payoff 3900 |
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Access this screen by clicking the Adjust this Amount button from next to Misc Fees on the Prepare Loan for Payoff screen.
This screen is used to add miscellaneous fees to the loan. Up to 16 miscellaneous fees can be added to the loan on this screen. The total fee amount to apply to the loan displays at the bottom of the screen.
After entering the Fee Amount, click on the Post Code lookup button to select from a list of the Credit Union configured Miscellaneous Posting Codes*. The G/L Account and Description will default for you unless you enter 999 for the Post Code. If you enter 999, then The G/L Account and Description fields will open up and require entries.
*Note: All miscellaneous receipt codes are credit union-defined and correlate to a specific General Ledger account number. If there is no code set up for the transaction you are performing, if allowed by your credit union's configuration, you may use code 999 and enter a G/L number manually.
Remember that you must use Enter, then Save (F5) to return to the main screen and apply the fees to the loan.
Field Descriptions
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Field Name |
Description |
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Fee Amount |
The amount of the fee is entered here. |
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Post Code |
Enter the appropriate Misc. Receipt Code for the fee. Use the If no code has been configured for the fee, type “999” here and proceed to the G/L field and enter the appropriate G/L number. |
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G/L Account |
If 999 was entered in the Code field, type the appropriate G/L account number here (otherwise the G/L tied to the Misc Receipt Code is defaulted). |
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Description |
Enter an optional description for the fee being charged (otherwise the description from the Misc. Receipt Code will be used). |
for a list of configured codes.