The Collection Fee Assessment window is used to assign a collection fee to each borrower that has a loan currently in collections.
Data Entry
The user can modify the date the collection fee should be assigne and also exclude borrowers with certain loan types from receiving the fee by selecting the loan type to be excluded from the picklist.
Three options are provided:
Turbo will automatically assess the collection fee to each borrower in collections.
Rapid Fire
Rapid Fire allows the user to assess the collection fee on an individual basis. Only those borrowers selected will be charged the collection fee as displayed below:
Forecast
Forecast displays the number of borrowers and the total amount to be charged:
