Fee Schedule & Routine Services
$30.00 Monthly Fee
$25.00 Setup Fee
Note: There are no set up fee's for loans originated by our office.
for transfers from other servicing companies we charge just a flat $250.00 this covers 10 - 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 of funds into your bank account or sent 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
Return check charge $25.00 (Usually paid by borrower.)
Demand fee $30.00 (Usually paid by borrower.)
Reconveyance Fees $45.00 (Usually paid by borrower.)
Late charges assessed and received by the borrower we retain 50% to cover costs associated with notices, phone calls and work associated in the collection process.
For more information call Phil at (707) 964-0708