You can charge the borrower a recurring servicing fee on each payment, the way a professional servicer does. It's separate from the platform's per-loan billing fee (see The per-loan servicing fee).
Where to set it
- Creating a loan — in the wizard's last step, under Borrower Servicing Fee: enter the amount per payment and an optional invoice label (defaults to "Servicing fee").
- Editing a loan — the same fields live under Edit loan → Borrower servicing fee.
How it behaves
- The fee is added on top of P&I + escrow in the borrower's total minimum payment. It does not change the amortization schedule — it doesn't pay down principal.
- It appears as a line item on statements, or rolled into one all-in total if you uncheck "itemize."
- It rides along in cashflow — collected on notes you hold — so your scheduled monthly cashflow reflects the borrower's full payment.
- Collecting it: when the borrower's remittance includes the fee on top of the installment, record the payment and direct the overpayment excess to fees — the fee dollars beyond any outstanding late charges are recorded on that payment as servicing fee collected (capped at the billed per-payment fee), and the Reports page's Servicing-Fee Income section totals your actual collections (billed shown alongside for reference). Payments posted before collected tracking shipped (July 2026) carry no collected figure — never estimated.
Some states regulate servicing fees and how they're disclosed. Check your state's rules before adding one.