Creating Fee Cost Quote Requests

Use this feature to create a fee cost quote request to a vendor. After you complete the request(s), InvoicingSM sends an e-mail notification to vendors with a list of any quote requests that have not been completed within three days of the configured deadline.

1. On the toolbar, point to Loan Level and click Fee Cost Quote Utility.

   The Search Fee/Cost Quote Requests search filters appear.

2. Click Create Fee Cost Quote Request.

   The Create a Fee Cost Quote Request screen appears.

3. In the Servicer loan number field, type the loan number.
4. From the Department drop-down list, select a department.
5. Click Next.
6. If necessary, complete the additional department-related fields.
7. Click Next.

   The Create a Fee Cost Quote Request screen appears.

8. From the Vendor drop-down list, select the attorney.
9. In the Quote deadline field, type or select a deadline date. This field defaults to a company-configured date; however, you can adjust this date.
10. In the Good through date field, type or select a date.
11. In the Quote type field, select one of the following:
    • Total amount - Vendor submits the total amount due.
    • Fees and costs - Vendor submits total fees and total costs separately.
12. In the Quote defaults field, do one of the following:
    • If you selected the Total amount option, type the total amount of the request in the Total amount field.
    • If you selected the Fees and costs option, type the fee amount in the Fees field and the cost amount in the Costs field.
13. In the Notes field, type any necessary comments.
14. Click Save.