ima_Managing an Existing Servicer Line Item Guideline

Managing an Existing Servicer Line Item Guideline

Use this feature to manage an existing servicer line item guideline.

The following steps require logging into the master servicer company NIS and then using the Proxy Feature to act as an actual servicer.

To manage an existing servicer line item guideline:

Locate the servicer line item guideline you want to manage. See Reviewing Existing Servicer Line Item Guidelines.
Click the Manage button corresponding to the guideline you want to manage.
The Manage Guideline window appears.
Perform the following actions as necessary:
specify an expiration date for an existing servicer invoice or line item allowable
To specify an expiration date of an existing servicer invoice or line item allowable:
1. Under the Exp. date column, click the Click to Expire link that corresponds to the invoice or line item allowable you want to modify.
  The Edit Date window appears.
2. Select or type a date.
3. Click OK.
edit an existing expiration date for a servicer invoice or line item allowable
To edit an existing expiration date for a servicer invoice or line item allowable:
1. Under the Exp. date column, click a date link that corresponds to the invoice or line item allowable you want to modify.
  The Edit Date window appears.
2. Select or type a date.
3. Click OK.
  Although it is possible to change an expired Expiration Date to a future date and make an allowable setting active again, a better policy would be to add a new allowable for the same amounts to keep a running history available for reporting purposes.
add a new allowable setting to the existing servicer invoice or line item guideline
To add a new allowable setting to the existing servicer invoice or line item guideline:

The following steps only create a new allowable setting on an existing guideline. If you want to create an entirely new guideline, see Adding New Servicer Invoice Guideline or Adding a New Servicer Line Item Guideline.
1. From the Servicer Invoice Guideline Conditions that appear, select either the Override or the Catch-All option. See Servicer Guidelines Overview for more details on these options.
2. Enter the following allowable criteria as necessary:
  - (Referral) Total Fees - Type the maximum dollar amount for fees that can be billed against a loan by a single vendor for the life of the loan under the specified conditions. Any previously billed fees will be added to the fees of the current invoice and compared to this allowable.
  - (Referral) Total Costs - Type the maximum dollar amount for costs that can be billed against a loan by a single vendor for the life of the loan under the specified conditions. Any previously billed costs will be added to the costs of the current invoice and compared to this allowable.
  - (Loan) Total Amount Fees/Costs - Type the maximum dollar amount of fees and costs that can be invoiced against a loan for all referrals or REO cases.
  - (Inv) Total Fees - Type the maximum dollar amount of fees that can be billed on a single invoice under the specified conditions. Only the fees on the current invoice are compared to this allowable. Previously billed fees on the loan are ignored.
  - (Inv) Total Costs - Type the maximum dollar amount of costs that can be billed on a single invoice under the specified conditions. Only the costs on the current invoice are compared to this allowable. Previously billed costs on the loan are ignored.
  - (Inv) Total Amount - Type the maximum total dollar amount that can be billed (fees + costs) on a single invoice under the specified conditions. Only the (fees + costs) total on the current invoice are compared to this allowable. Previously billed (fees + costs) totals on the loan are ignored.
  - Effective Date - The beginning effective date of a guideline. Type the date the guideline should begin taking effect in MM/DD/YYYY format (required).
  - 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.
3. Click Add.
  The Manage Guideline window refreshes with the new allowable setting.
4. To exit the Manage Guideline window, click Close in the upper-right corner of that window.
edit an effective date of an existing servicer invoice or line item allowable
To edit an effective date of an existing servicer invoice or line item allowable:
1. Click the effective date link under the Eff. Date column.
  The Edit Date window appears.
2. Select or type a date.
3. Click OK.
add a comment for a guideline
To add a comment to the guideline:
1. In the Published Date/Comment column, click View Details.
  The Servicer Published Date Information window appears.
2. In the Servicer Published Date field, select or type a date.
3. In the Comments field, type a comment for the guideline.
4. Click Save Changes.
  The Manage Guidelines window appears.
deactivate/reactivate an existing servicer invoice or line item allowable
Deactivating a guideline allowable causes the system to no longer apply the guideline. If you deactivate a line item guideline with no allowable amounts, there is a risk of the vendor not seeing the line item when creating an invoice.

To deactivate/reactivate an existing servicer invoice or line item allowable:

Perform the following as needed:
- To deactivate a servicer guideline allowable, select the Deactivated check box corresponding to the guideline allowable.
- To reactivate a servicer guideline allowable, clear the Deactivated check box corresponding to the guideline allowable.

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