Temenos Lifecycle Management Suite - Loan Origination Product Guide
Add a Fee

Using the Add a Fee or Add a Fee (Home Equity) action templates, rule authors are able to automatically add fees to an application during application initialization, when an application is decisioned, and as part of the Calculate process. 

Prior to the 15.01.36 release, two rule templates existed that shared a similar naming convention. These action templates have been renamed to Add a Fee - OBSOLETE and Add a Fee (Home Equity) - OBSOLETE and are being phased out. Any rules authored with these templates will break when they are removed in a future release, therefore it is recommended that the Add a Fee and Add a Fee (Home Equity) action templates reviewed in this topic are used to author Fee rules and replace existing rule logic that uses the OBSOLETE templates.

To begin authoring a rule to add a fee, navigate to System Management > Origination > Rules Management and click  to open Rules Manager. Create a new rule using the Fees category and Application Entity.

The following action templates can be used to automatically add a fee directly to an application:

ShowAdd a Fee

When authoring the If Statement, define the conditions which must be met in order for a fee to be added.

For example: 

When authoring the Then Statement, select the "Add a Fee" action template. Upon selecting this template, the following vocabulary populates:

ShowAdd a Fee (Home Equity)

The Add a Fee (Home Equity) template provides the ability to automatically add a fee to an application where the Real Estate Type field for the Sub-Product is set to Home Equity.

When authoring the If Statement, define the conditions which must be met in order for a stipulation to be added.

For example: 

When authoring the Then Statement, select the "Add a Fee (Home Equity)" action template. Upon selecting this template, the following vocabulary populates:

The example below provides a demonstration of a rule that adds a fee to an application based on the Sub-Product:

Assigning Fee Rules

After a Fee rule is created and saved to the rule application, it can be assigned to the desired application type within the Fees tab in Loan Application Types.

 

 


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