Loan Servicing Fees
|
NUMBER OF ACCOUNTS
|
MONTHLY SERVICING FEE PER ACCT
|
|
1 - 99
|
$15.00
|
|
100 - 499
|
$12.00
|
|
500 - 999
|
$10.00
|
|
Over 1000 loans
|
negotiable
|
|
One time setup fee per account
|
$15.00
|
|
Year End Fee per account
|
included in service fee
|
|
Wrap Accounts (Additional Per Account)
|
$15.00
|
|
Bankruptcy File Proof of Claim
|
$275.00
|
|
Foreclosures (handled thru our attorney)
|
Fees vary
|
***NOTE
SERVICING CORPORATION RETAINS ALL LATE FEES AND NSF RETURN CHECK FEES
COLLECTED ON EACH ACCOUNT***
***FOR
MULTIPLE REMITTANCES TO MULTIPLE INVESTORS, ADD $5.00 PER MONTHLY
SERVICING FEE*** (ex: 1 loan, 3 investors, each investor would be
charged $6.65 (20.00 / 3 = 6.65))
|