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
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Provide payment processing, including coupons and envelopes, to the Payer.
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Collect payments owed to you every month.
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Payments are processed daily.
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Deposit funds into your bank account or send it wherever you direct.
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Keep an accurate record of every payment made and every disbursement.
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Balloon payment notification
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Provide year-end financial accounting required for IRS (1098 and 1099)
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Pay all postage and telephone calls.
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Provide Late Notices.
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Document Custodial Service.
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Multi-Investor Notes.
Tax and insurance monitoring service
Additional Fees
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