Calyx Point 7 - Page 254

236 Calyx Software
Loan tracking
3 Enter the broker fees that were paid by the lender and borrower. Enter any additional
fees in the empty fields.
4 In the
BorrowerPoints field, enter the charge to the borrower as a percentage or dollar
amount.
5 In the
LenderCharge field, enter the amount that was paid by the broker to the lender
as a percentage or dollar amount. If compensation from the lender is expected, enter
the amount as a negative number by using a minus sign (–).
6 In the
Rep Commission section enter the following information:
a Enter the percentage of the loan amount that the loan representative receives in
the
LoanAmount field, if applicable.
b Enter the percentage of the gross profit that the loan representative receives in
the
GrossProfit field, if applicable.
c Enter any additional applicable fees to be paid to the loan representative in the
empty field below
GrossProfit.
The
NetProfit (or loss) is automatically calculated based on the amounts that were
entered in the
Broker Fee and Profit sections.