Loans > Loan Screens > Investor Reporting Screen Group > Investor Group Screen > Investor Calculations tab

Use the Service Fee field to indicate the calculation method for service fees charged to the investor for the group being created/edited.

The information in this tab is copied over to the Calculation Codes field group on the Loans > Investor Reporting > Loan Investor Fields screen (if valid information is entered in the Investor fields on that screen). The value entered in that field group overrides any value entered on this tab for the selected customer loan.

In every method except code 10, the amount calculated is subtracted from the amount of investor interest calculated. Possible selections in this field are as follows:

Code	Definition
0	No Calculation to be Performed
1	Interest Collected x Service Fee Factor This code can be used on a collection basis only (see Yield or Collections field). Note: Service fee factor = service fee rate ÷ loan interest rate. Enter the service fee factor in the Service Fee Rate field on the Group Information tab of this screen. When the Sell-a-Loan function is used, the service fee factor will also be moved to the Service Fee Rate field on the Loan Investor Fields screen > Investor Loan Basics tab.
2	Balance x Service Fee Rate
3	Balance x Service Fee Rate ÷ 12
4	Interest Collected this Month x the Service Fee Rate ÷ Loan Interest Rate This code can only be used on a collection basis.
5	Portion Sold x Current Loan Balance after Payment x Service Fee Rate Note: This code is rarely used.
6	Balance x Investor Yield x Service Fee Rate ÷ 12 In this calculation, the service fee rate will be a percentage of one month's interest only.
7	Interest Collected this Month ÷ (Loan Interest Rate x 2) This code can only be used on a collection basis (see Yield or Collections field).
8	Balance x Service Fee Rate x Portion Sold ÷ 12
9	Balance x Portion Sold x (Loan Interest Rate - Investor's Interest Rate Yield) ÷ 12
10	Investor's Interest - (BAL x Yield x Portion Sold ÷ 12)
11	Interest Collected x Portion Sold x Service Fee Rate ÷ Loan Interest Rate
12	Balance x Service Fee Rate x Portion Sold ÷ 12 This code is the same as code 8, except a service fee will be calculated on report 47 even when there is no activity.
13	Interest Collected x Portion Sold x Service Fee Rate ÷ Effective Interest Rate x Number of Days the Rate is Effective for ÷ Total Number of Days Interest Paid (Repeat this formula until the total number of days interest paid is covered.) WARNING: If the Loan Rate Table is set up incorrectly, this code may calculate the fee using the loan rate.

In these descriptions, "Balance" means the principal balance on the loan.

•For loans on collection basis, the loan balance is the amount prior to payment.

•For loans on yield basis, the loan balance is that shown at the beginning of the cutoff (cycle) period.