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Adding New Servicer Line Item Guidelines

Use this feature to add new servicer line item guidelines.

Before adding a new servicer line item guideline, be sure to search existing guidelines first to ensure you are not duplicating work (see Reviewing Existing Servicer Line Item Guidelines). You can add and edit present allowable settings on an existing guideline. A good example is when an allowable amount on an existing guideline is set to change but not take effect until a future date. See Managing an Existing Servicer Line Item Guideline for more details of editing and adding to existing guidelines.

1. On the toolbar, point to Client Maintenance, Guideline Maintenance and click Configure Guidelines.

   The Configure Guidelines screen appears.

2. Select the Servicer Line Item tab.
3. Click Add.

   Select a loan type, state, department, category and subcategory before you click Add to allow those selections to carry over to the steps below.

   The Manage Guidelines window appears.

4. Select the following options to condition the guideline; select All when the option applies to all items.
   • Vendor - Use this option to condition the guideline to a specific vendor.
   • Loan Type - Use this option to condition the guideline to a specific loan type.

     If you choose Consumer Loan Type, select a Legal State from the drop-down that appears.

   • State - Use this option to condition the guideline to a specific state.
   • Department - Use this option to condition the guideline to a specific department.

     The available departments to select from depend on what you have not excluded (see Excluding Departments).

     You must select additional condition options for the following departments:

     	When the Department is	Use option(s)
     	Appraisal AVM BPO REO Appraisal REO BPO	Order Type - Use this option to condition the guideline to a specific order type. Select All when the guideline applies to all order types.
     	Bankruptcy	Chapter - Use this option to condition the guideline to specific bankruptcy chapters. Select All when the guideline applies to all bankruptcy chapters. Is PreConfirmation Service? - Select Both, Yes, or No. Is PreForeclosure Sale? - Select Both, Yes, or No. Is Loan Current When Filed? - Select Both, Yes, or No. Is Collateral Investment Property? - Select Both, Yes, or No.
     	Foreclosure	Judicial - Select Both, Yes, or No to condition the guideline to be judicial foreclosure only, non-judicial foreclosure only or both.

   • Invoice Type - Use this option to condition the guideline to a specific invoice type.
   • Category - Use this option to condition the guideline to a specific category.
   • Subcategory - Use this option to condition the guideline to a specific subcategory.
   • Property Zip - Use this option to condition the guideline to a specific property by its zip code.
5. Click Next.

   Additional condition settings appear.

6. Select either the Override or the Catch-All option.
7. Enter the following allowable criteria as necessary:
   • (Loan) Total Amount - Type the maximum dollar amount that can be billed against a particular subcategory by a single vendor throughout the life of the loan.
   • (Inv) Total Amount - Type the maximum dollar amount that can be billed against a particular subcategory on a single invoice. This amount comes into play on subcategories where quantities greater than one can be billed or on subcategories that can appear twice on a single invoice.
   • Unit Amount - Type the maximum dollar amount that can be billed for a particular subcategory per unit.
   • Effective Date - The beginning effective date of a guideline. Type the date the guideline should begin taking effect in MM/DD/YYYY format (mandatory).
   • Expiration Date - The end effective date of a guideline. The guideline will apply if the referral/order date is between the effective/expiration date. This guideline will not be used by invoices with referral dates after the expiration date. Type the date of the guideline expiration date in MM/DD/YYYY format.
8. Click Add.

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Confidential, Proprietary and/or Trade Secret
TM SM Registered Trademark(s) of Intercontinental Exchange, Inc. or a subsidiary or affiliate
Copyright 2024 Intercontinental Exchange, Inc. All Rights Reserved
ICE | Privacy Notice