14.03 How do I enter a Par Plus fee from the lender to the mortgage broker (a/k/a Table Funding, Yie

14.03 How do I enter a Par Plus fee from the lender to the mortgage broker (a/k/a Table Funding, Yield Spread Premium, or Differential)?

Select any line in the 800 section on the Loan Fees tab.
Enter the description and amount of the fee in the Description field (for example, Par Plus $850 POC by 1st Bank), and select the mortgage broker as the payee.
If the lender adds the mortgage broker's fee to the loan proceeds amount for the closing agent to disburse, enter the fee as a negative amount withheld, and select the appropriate loan in the Loan statement field.
In the Reconciliation module, the mortgage broker's fee will be added to the loan proceeds, and a line item disbursement will be automatically created for the fee, payable to the mortgage broker.

Select any line in the 800 section on the Loan Fees tab.
Enter the description and amount of the fee in the Description field (for example, Par Plus $850 POC by 1st Bank), and select the mortgage broker as the payee.
If the lender adds the mortgage broker's fee to the loan proceeds amount for the closing agent to disburse, enter the fee as a negative amount withheld, and select the appropriate loan in the Loan statement field.
In the Reconciliation module, the mortgage broker's fee will be added to the loan proceeds, and a line item disbursement will be automatically created for the fee, payable to the mortgage broker.

06/26/2015