Administration Tab

The information on the Administration tab on the Closing Fees screen is used by Keystone to determine the family partner's closing payment status.

First Payment Date - the date on which the family partner is scheduled to make their first closing fee payment.
Monthly Payment - the amount the family partner has to pay monthly toward their total closing fee.
Number Of Months To Pay - the number of months over which the family partner will be making their closing fee payments.

When you first create a family partner’s closing fee record, the Monthly Payment and Number Of Months To Pay fields are set to the default values defined on the Closing Fee pane on the Family Partners tab in Affiliate Setup.

You can overwrite both the Monthly Payment and Number Of Months To Pay fields here to reflect exceptions for individual family partners. Keystone will calculate the family partner’s payment status using what you enter on this tab.