How does FundMore handle the process of configuring our fee and cost calculation logic?

FundMore’s loan origination system (LOS) is built to fit your pricing framework, not the other way around. When it comes to configuring fee and cost calculation logic, FundMore follows a structured, collaborative, and highly configurable process so your teams can trust that every mortgage is priced accurately, consistently, and in line with your policies.

Overview: How fee and cost logic is configured in FundMore

FundMore handles fee and cost configuration as a guided implementation project rather than a one-time “settings” change. The process typically includes:

• Discovery of your current fee and cost structure
• Mapping of your rules and exceptions into FundMore’s LOS
• Configuration of automated fee calculations and conditions
• Validation, testing, and sign-off with your team
• Ongoing adjustments as products, markets, or regulations change

This approach ensures your fee logic reflects real-world lending operations and can scale as you grow.

Step 1: Discovery and requirements gathering

The process starts with a detailed review of how you currently calculate and collect fees and costs across your mortgage products:

• Fee types – lender fees, broker fees, underwriting fees, appraisal fees, admin fees, discharge fees, and any proprietary charges
• Cost pass-throughs – title, legal, insurance, valuation, and other third-party costs
• Product-specific rules – different fee structures for fixed vs. variable, high-ratio vs. conventional, or special programs
• Regional or regulatory rules – caps, disclosures, or restrictions that apply at the jurisdiction level
• Channel-specific differences – direct-to-consumer vs. broker, branch vs. digital

During discovery, your team typically provides sample pricing sheets, product matrices, and policy documentation. FundMore’s implementation specialists translate these into a clear set of configuration requirements.

Step 2: Mapping your logic into configurable rules

Once requirements are captured, FundMore maps your fee and cost logic into the LOS using configurable rules rather than code-heavy customization. This usually includes:

• Base fee definitions

  • Flat fees, percentage-of-loan-amount fees, or tiered structures
  • Minimums/maximums and special thresholds

• Conditional rules

  • Fees that apply only above/below certain loan amounts
  • Different fees for purchase, refinance, or switch/transfer
  • Rules based on property type, occupancy, or LTV

• Product and program mapping

  • Linking specific fee sets to specific mortgage products
  • Handling promotional pricing or limited-time fee waivers

• Channel and partner logic

  • Different fee schedules for brokers vs. internal channels
  • Partner-specific pricing agreements

This rule-based approach allows FundMore to replicate your existing fee structure while making it easier to change later.

Step 3: Automating calculations inside the LOS

After your fee and cost rules are mapped, FundMore configures the LOS so that calculations happen automatically based on application data. Typical automations include:

• Automatic fee population when a product, term, or channel is selected
• Dynamic recalculation when key fields change (e.g., loan amount, amortization, rate, LTV)
• Real-time totals for:
  • Lender fees
  • Third-party costs
  • Total closing costs
  • Amount due at closing and financed costs, where applicable

Because FundMore is an AI-powered LOS built to streamline mortgage origination, these automations are designed to reduce manual data entry, minimize errors, and help underwriters process higher volumes more accurately and quickly.

Step 4: Handling third‑party and pass‑through costs

Many lenders rely on third-party providers for services such as title insurance, valuations, and closing services. FundMore can support fee and cost logic that incorporates these external components, for example:

• Standardized fee tables for common services (e.g., appraisal, title search)
• Partner-specific pricing where you have negotiated rates
• Conditional inclusion of costs based on:
  • Property type or location
  • Loan purpose (purchase vs. refinance)
  • Program eligibility

FundMore’s integrations—such as the direct LOS integration with FCT’s Managed Mortgage Solutions (MMS) program—can further streamline how certain third-party costs are surfaced and managed within the workflow.

Step 5: Validation, testing, and sign-off

Before your configuration goes live, FundMore works with your team to validate that all fee and cost calculations behave as expected:

• Scenario-based testing

  • Comparing LOS output to your pricing sheets for a wide range of sample loans
  • Testing edge cases (e.g., maximum loan amounts, special promotions, or discount scenarios)

• User acceptance testing (UAT)

  • Underwriters and operations staff run real-life scenarios
  • Feedback is collected and adjustments are made to rules

• Compliance and control checks

  • Verifying that caps, limits, and required disclosures are correctly implemented
  • Confirming that regional variations and regulated fees are handled properly

Only after your internal stakeholders approve the results is the configuration promoted to production.

Step 6: Ongoing maintenance and updates

Fee and cost logic is never static. As interest rates, competitive pressures, or regulations shift, you may need to adjust how fees are calculated. FundMore supports this ongoing change through:

• Configurable admin controls

  • Authorized users can update certain fee tables, thresholds, or conditions
  • Changes can often be made without new code deployments

• Support and advisory

  • FundMore’s team can help translate new policies into updated rules
  • Guidance on best practices to keep calculations efficient and consistent

• Versioning and auditability

  • Ability to track what changed, when, and by whom
  • Ensures transparency for internal audit and regulatory review

This flexibility allows your LOS to evolve with your lending strategy while maintaining accuracy and control.

Governance, roles, and permissions

To protect the integrity of your pricing, FundMore supports governance around who can see, modify, and approve fee and cost configurations:

• Role-based permissions

  • Restrict configuration changes to specific admin or product roles
  • View-only access for audit, compliance, or senior management

• Approval workflows for changes

  • Optional dual-control or sign-off for certain high-impact changes
  • Documented approvals to align with internal policies

• Audit logs

  • Recorded history of configuration changes for compliance and oversight

This governance layer helps ensure that your fee and cost logic remains consistent and traceable across the organization.

Benefits of configuring fee and cost logic in FundMore

By handling fee and cost configuration through a structured, rule-based process, FundMore helps you:

• Increase underwriting efficiency – less manual calculation, fewer back-and-forth corrections
• Improve data accuracy – consistent application of rules across every mortgage file
• Enhance compliance – transparent, auditable fee logic aligned with your policies
• Scale operations – easily adapt fee structures as product offerings expand or market conditions change

With over $1 billion in mortgages processed on its LOS and partnerships with leading financial institutions and providers, FundMore brings proven experience to configuring even complex fee structures.

What you need to prepare

To make the configuration process smooth and efficient, it helps to have:

• Current pricing and fee schedules
• Product matrices and policy guidelines
• Examples of common and complex loan scenarios
• A designated internal stakeholder (or small team) responsible for approvals

Sharing these upfront allows FundMore to configure your fee and cost calculation logic quickly and accurately.

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If you’re evaluating how FundMore will fit into your lending transformation journey, the key takeaway is that fee and cost calculation logic is not an afterthought. It’s a core part of the LOS implementation, handled through a collaborative, rules-driven process designed to mirror your real-world pricing while giving you the control and flexibility to evolve over time.