If you choose to apply your fee on a per-order basis, when your users place a new appraisal order, a new section will display on the New Order screen: Lender Fees (to Borrower). Each custom lender fee created will display as a checkbox here. By default, the checkboxes will not be checked. By checking a custom lender fee box, the fee will be applied to the cost of the order and billed to the borrower. Leaving boxes unchecked will not apply the fees to the order. Multiple fees can be applied when the order is placed.
• Custom Lender Fees will be logged and tracked on the order within the Billing tab.
• To provide the borrower with custom lender fee amounts, go into a Division’s General Settings, then find and check the Notify Borrower of Custom Lender Fees checkbox. Note that borrower’s will only be notified if the appraisal order’s billing type is Credit Card – Request from Borrower.
• Use the new Custom Fees checkbox in your custom management reports to track billing activity for any Custom Lender Fees that are setup.