Fee Schedule & Routine Services
$40.00 Monthly Fee
$25.00 Setup Fee
Note: There are no set-up fees for loans originated by our office.
for transfers from other servicing companies, we charge just a flat $250.00, which covers 20- 200 loans. Please call for transfers of over 200.
Routine Services Included in Monthly Charge
Provide payment processing, including coupons and envelopes, to the Payer.
Collect payments owed to you every month.
Payments are processed daily.
Deposit funds into your bank account or send it wherever you direct.
Keep an accurate record of every payment made and every disbursement.
Balloon payment notification
Provide year-end financial accounting required for IRS (1098 and 1099)
Pay all postage and telephone calls.
Provide Late Notices.
Document Custodial Service.
Tax and insurance monitoring service
Return check charge $25.00 (Usually paid by the borrower.)
Demand fee of $30.00 (Usually paid by the borrower.)
Reconveyance Fees $45.00 (Usually paid by the borrower.)
Late charges assessed and received by the borrower, we retain 50% to cover costs associated with notices, phone calls, and work associated with the collection process.
For more information, call Phil at (707) 964-0708 X 102