Fees Panel Configuration

The Fees panel provides administrators with the ability to define the fees associated with a loan application created through the virtual application process. When rendered in Virtual Capture, the Fees panel enables the applicant to decide which fees to include in the total loan amount, providing them with flexibility and control over the fees that are incurred up-front.

Panel Configurations

The Fees panel can be configured to appear within an Application type screen in System Management > Origination > Virtual Capture > Screens.

To begin configuring the Fees panel:

Navigate to the Panels tab and click within the Edit Screen window.
From the Select Panel window, select Fees and click .
Within the Edit Panel window, define the General attributes.

After all General attributes for the Fees panel are defined, click

to continue defining the Application screen attributes.

If desired, administrators can select the Hide If Empty check box in the General tab to prevent the Fees panel from displaying in Virtual Capture when there are no fees associated with the application. For more information, please see the section for General panel attributes in the Virtual Capture Screens topic.

When all screen attributes are defined, click to retain the screen settings.

Once saved, the screen including the Fees panel must be assigned to a Virtual Capture Workflow Model. The workflow model must then be assigned to a loan application type within the General tab of the Virtual Capture Products page.

For information on assigning Virtual Capture Workflow Models, please see the Virtual Capture Products topic in this guide.

Authoring Fee Rules

After the screen including the Fees panel is assigned to a Virtual Capture product, a rule must be authored to present the correct fees to the applicant based on the loan for which they are applying.

To configure a rule to associate fees with a loan product:

Navigate to System Management > Origination > Rules Management, and click .
Select the Fees category, click , and select Business Rule.
Select the Application entity, and click .
Within the New Rule window, define the General attributes.
Navigate to the Definition tab to build the rule. In the following example, a rule is defined to list a Processing fee, and a Miscellaneous fee when an applicant is creating an application for an auto loan.

There are multiple ways to author a rule. The below rule should be used for example only.

Click to retain the new rule and return to the Rules Management screen.
Once saved, the new business rule populates within the Rules grid and is available for execution.

For more information on authoring rules, please see the Rules Management topic in this guide.

To ensure the rule executes to display the fees defined for the specific loan type, the rule must be assigned to a loan application type in System Management > Origination > Loan > Loan Application Types.

Within the Fees tab of the Loan Application Type window, select the newly-created auto loan fee rule from the Available list, and use the arrow buttons to move it to the Assigned list.
When finished, click .

Using the Fees Panel in Virtual Capture

When the screen including the Fees panel renders in Virtual Capture, the fees associated with the loan are presented to the applicant:

The grid in the panel displays the following columns of information:

Column

Description

Fee Name

Displays the name of the fee associated with the loan product as defined in the Business Rule.

Fee Amount

Displays the amount of the fee as defined in the Business Rule.

Include in Loan Amount

Select this check box to include the fee in the total loan amount.

This check box is selected by default.