Configuring expense allocation

Use the Expense Allocation tab to create new expense groups and assign Expense and Future Pricing Transaction rates.

To create a new expense group:

  1. Click + Add New Expense Group.
  2. In the Product Expense Group column, enter the name for the new expense group into the empty text box.
  3. In the Product Expense Rates column, enter desired values into any of the sub-columns.
  4. In theFuture Pricing Transaction Rates column, enter desired values into any of the sub-columns.

Monthly Expense Allocations

There is a For Pricing Only column in each of the Monthly Expense Allocations sections: Origination, Closing, Maintenance (Fixed), and Maintenance (Variable). This allows you to import one or more expense types and have RPPS calculate the others. Set the Yes/No toggle in the For Pricing Only column to Yes when you import expenses for the cost section and are only using the amount in the associated Rates column for pricing.

NOTE: If you click the Yes/No toggle in the For Pricing Only column to Yes, the system uses only the amount you enter in the corresponding Rates column for pricing and future profitability calculations. Axiom RPPS will not allocate the amount to current profitability. You need to import origination costs for expense groups where you have indicated Yes.

Pricing Fees and Expenses

In the Allow Pricing Fee Entry column, click the Yes/No toggle to enable or disable the user's ability to enter a fee rate for pricing. Use the Standard Pricing Expense Rate column to type an expense rate.

NOTE: The instructions above only apply to deposits.