DOCUMENT OR SERVICE |
FEE |
|
ASSIGNMENT PREPARATION (must have unbroken Assign chain) |
$150 |
ASSIGNMENT RECORDING |
$125 + Recording Fee |
ALLONGE PREPARATION (attached to Note) |
$50 |
BANK ACCOUNT SETUP of additional accounts or RESET of existing, in Mortgage Fund Servicing |
$250 per |
BANKRUPTCY LOANS (active) that are COVERED LOANS must be on Specialty Servicing Full Collection. Serviced as 1 pre-petition and 1 post-petition Loan
|
$95 month/base |
BANKRUPTCY LOANS (active) that are NOT COVERED LOANS can be on alternative Servicing Program. Serviced as 1 pre-petition and 1 post-petition Loan
|
High Touch Servicing |
BANKRUPTCY REVIEW for Loans not in Specialty Servicing Full Collection |
$100 per Loan |
BANKRUPTCY REFERRAL (POC) COORDINATION for Loans not in Specialty Servicing Full Collection |
$75 per Loan |
BANKRUPTCY RELIEF (MFR) COORDINATION for Loans not in Specialty Servicing Full Collection |
$100 per Loan |
BANKRUPTCY TRANSFER OF CLAIM (TOC) COORDINATION, for Loans not in Specialty Servicing Full Collection |
$55 per Loan |
BROKER PRICE OPINION (BPO), SFR 1-4; Exterior only |
$125 |
BROKER PRICE OPINION (BPO), SFR 1-4; Ext & Interior |
$175 |
CHECK DISBURSEMENT to Lender instead of ACH |
$2 addition per disbursement |
CLAIM FILING for MORTGAGE INSURANCE if agreed by FCI |
5% of settlement with $750 minimun |
COMPLIANCE MONITORING for NC Loans in FC/BK not in Specialty Full Collection |
$75 Loan/Month while in FC/BK |
CONSTRUCTION/Loan Proceeds Disbursement |
$55/disbursement (includes wire) |
COVERED LOANS |
COVERED LOAN (Dodd Frank) COMPLIANCE ACTION on Performing Consumer Primary Residence (Owner Occupied) Loans in Standard Loan Servicing/Basic Performing that become 25 days delinquent |
Add $20 Loan/Month for 2 months |
COVERED LOAN with ACTIVE BANKRUPTCY must be on Specialty Servicing Full Collection Program |
$95 month/base |
|
DATA RESEARCH for missing Loan Servicing Setup data |
$150 per hour |
DEED IN LIEU of Foreclosure, (Cash for Keys Option) |
per attorney |
DEED IN LIEU of Foreclosure: COORDINATION Fee |
$175 set up |
DEFAULT RATE % to FCI on all Loans |
0% to FCI |
DEFAULT RATE replaces Late Fee, then FCI receives the amount equivalent to the Late Fee % for that Loan |
Equivalent Late Fee % |
DEFAULT RATE Cancellation after Setup with the DR, is a Loan Reset. DEFAULT RATE Activation after Setup without the DR, is a Loan Reset |
$55 per Loan for 1-9 Loans
$30 per Loan for 10+ Loans at one time
|
DOCUMENT HANDLING and forwarding not included in the FCI Servicing Process (non-escrowed insurance docs and loss payee notices, tax docs etc.) |
$25 per document |
EXTRAORDINARY ACTIVITY & SPECIAL REQUESTS |
Staff $150/hour & Management $350/hour or portion thereof |
ESCROW/IMPOUNDS |
ESCROW/IMPOUNDS Delinquent Voucher Fee, only if shortage not paid |
Add $10 Loan/Month on any program |
ESCROW/IMPOUNDS ADDED to an existing Loan on any Servicing program |
$175 set up |
ESCROW/IMPOUNDS RESEARCH needed for entity (taxes/insurance, etc.) set up in servicing |
$150 per hour |
ESCROW/IMPOUNDS SERVICE included on Performing Loans |
Add $15 per Loan/Mo for 1-2 entities (taxes, ins)
Add $2.50 per Loan/Mo per added entity (city, county)
|
ESCROW/IMPOUND SERVICE SETUP on additional securing Properties
|
Add $5 per Property for SETUP only. NO ADDITIONAL MONTHLY FEE over base |
ESCROW/IMPOUNDS Shortage Disbursement Fee |
$45 per instance, charged to Lender
|
ESCROW/IMPOUNDS Tax Agency Status REPORT (if needed) |
$10 plus State Report Fee |
ESCROW/IMPOUNDS Termination Fee |
$55 per Loan |
|
EVICTION COORDINATION Fee, in Specialty Loan Servicing |
$50 set up |
FIELD CALL: door knock, interview process with 3 attempts at contact. Facilitate at direction of Lender |
$95 |
FORECLOSURE NOI (30 Day Notice of Intent) if sent by FCI |
$95 |
FORECLOSURE: Pre Foreclosure Compliance by FCI for AR, CA, WA (includes NOI) |
$375 |
FORECLOSURE SUPPORT Fee, national (not CA), in Specialty Loan Servicing |
$225 set up |
FORECLOSURE PREVENTION ALTERNATIVES Servicer Response to a loss mitigation application on COVERED LOANS that are not in Specialty Servicing Full Collection |
$150 |
FORECLOSURE REGISTRATION in required States (NY, NC, etc.)
|
$150 |
GRANT DEED or Quit Claim Deed preparation |
$150 |
FORECLOSURE PREVENTION ALTERNATIVES / LOSS MITIGATION |
DEFERMENT AGREEMENT Facilitate at the direction of the Lender |
$95 + $55 Loan Reset |
FORBEARANCE PLAN AGREEMENT Temporary payment reduction or suspension due to short term hardship Facilitate at the direction of the Lender |
$95 + $55 Loan Reset |
FORECLOSURE POSTPONEMENT AGREEMENT Facilitate at the direction of the Lender |
$95 + $55 Loan Reset |
LOAN MODIFICATION AGREEMENT Facilitate at the direction of the Lender |
$400 + $55 Loan Reset |
LOAN MODIFICATION AGREEMENT w/ TRIAL PLAN STIPULATION Facilitate at the direction of the Lender |
$450 + $55 Loan Reset |
LOSS MITIGATION WRITTEN RESPONSE Only applies to loans not on a Specialty Full Collection Program |
$45 per response |
MATURITY EXTENSION AGREEMENT Facilitate at the direction of the Lender |
$95 + $55 Loan Reset |
REPAYMENT PLAN AGREEMENT Accelerated payments to cure loan default Facilitate at the direction of the Lender |
$95 + $55 Loan Reset |
SETTLEMENT AGREEMENT Facilitate at the direction of the Lender |
$95 + $55 Loan Reset |
TRIAL PLAN AGREEMENT Temporary payment plan prior to a permanent Loan Modification Facilitate at the direction of the Lender |
$95 + $55 Loan Reset |
HARDEST HIT FUNDS |
HARDEST HIT FUND one time report facilitation fee per Approved Loan, in Specialty Loan Servicing |
$150 |
HARDEST HIT FUND processing fee per HHF payment, in Specialty Loan Servicing |
$25 |
HARDEST HIT FUND additional reporting fee, if needed, in Specialty Loan Servicing |
$30 per report |
|
INSURANCE LOSS DRAFT Disbursement |
$45/disbursement |
IRS BACKUP WITHHOLDING, including 945 Return |
Add $45 per Payment |
IRS Second “B” Notice to Borrower for missing valid TIN, ITIN or EIN |
$250 per year paid by Lender |
JUNIOR LIEN NEGOTIATION in Specialty Loan Servicing Full Collection |
$600 |
LATE FEES |
LATE FEE % to FCI on all Loans to $500K |
50% of paid |
LATE FEE % to FCI on all Loans $500K to $2M |
25% of paid |
LATE FEE % to FCI on all Loans over $2M |
15% of paid |
LATE FEE waived but collected in another manner (including but not limited to payoff, prepay penalty, extension fee, etc.) |
Equivalent to Listed Late Fee % for that Loan amount |
|
LITIGATION/FORECLOSURE APPEARANCE COSTS |
Staff $150/hour & Management $350/hour or portion thereof |
LOAN RESET for Data Entry to change any Loan terms, or change Servicing Programs, or for Loan removal |
$55 per Loan for 1-9 Loans;
$30 per Loan for 10+ Loans submitted at one time
|
LOAN SERVICING: PERFORMING -STANDARD BASIC
(Loans that are new, current, 1 or 2 months delinquent)
|
Loans up to $400K |
$15 per Loan/Month/Lender |
Loans over $400K to $1M |
Add $10 per $100K or portion thereof, ($1M = $75); or $15 per Lender if greater |
Loans over $1M |
$75 at $1M plus $20 per $M or portion thereof; or $15 per Lender if greater |
ARM Loans |
Add $5 per Loan/Month |
HELOC Loans |
Add $5 per Loan/Month |
COVERED LOANS (Dodd Frank) that become 25 days delinquent, collection work |
Add $20 per Loan/Month for 2 Months |
Loans with Escrow/Impounds included |
Add $15 per Loan/Month for 1-2 entities (taxes & insurance). Add $2.50 per Loan/Month for additional entities (city, county taxes) |
LOAN SERVICING: PERFORMING-HIGH TOUCH
(Loans that are new, current, 1 or 2 months delinquent)
|
Loans up to $400K |
$35 per Loan/Month for one Lender or $15 per Lender (if greater) |
Loans over $400K to $1M |
Add $10 per $100K or portion thereof, ($1M = $75); or $15 per Lender (if greater) |
Loans over $1M |
$95 at $1M plus $20 per $M or portion thereof; or $15 per additional Lender (if greater) |
ARM Loans |
Add $5 per Loan/Month |
HELOC Loans |
Add $5 per Loan/Month |
COVERED LOANS (Dodd Frank) that become 25 days delinquent, collection work |
No additional charge |
Loans with Escrow/Impounds included |
Add $15 per Loan/Month for 1-2 entities (taxes & insurance). Add $2.50 per Loan/Month for additional entities (city, county taxes) |
LOAN SERVICING: NON PERFORMING-SPECIALTY FULL COLLECTION
(Loans that have missed the 3rd payment or more)
|
Loans up to $1M |
$95 per Loan/Month |
Loan over $1M |
Add $20 per $M or portion thereof |
ARM Loans |
No additional charge |
HELOC Loans |
No additional charge |
Loans with Escrow/Impounds included |
Add $15 per Loan/month for 1-2 entities (taxes & insurance)Add $2.50 per Loan/Month for additional entities (city, county taxes), unless cancelled by Servicer (per regulations) |
LOAN SERVICING: NON PERFORMING-SPECIALTY LIMITED COLLECTION
(Loans that have missed the 3rd payment or more)
IF AVAILABLE PER STATE REGULATIONS; (no NY SFR 1-4)
Lender Licensing may be Required
FCI Right of Refusal
|
Loans up to $1M |
$30 per Loan/Month during loss mitigation; $65 per Loan/Month during Foreclosure |
Loans over $1M |
Add $20 per $M or portion thereof |
ARM Loans |
Add $5 per Loan/Month |
HELOC Loans |
Add $5 per Loan/Month |
Loans with Escrow/Impounds included |
Add $15 per Loan/Month for 1-2 entities (taxes & insurance). Add $2.50 per Loan/Month for additional entities (city, county taxes), unless cancelled by Servicer (per regulations) |
LOAN SETUP – ALL PROGRAMS
|
Fixed Rate, Single Investor/Lender |
$55 per Loan for 1-9 Loans;
$30 for per Loan 10+ Loans submitted at one time
|
More than one Investor/Lender |
Add $10 per Investor/Lender |
ARM/HELOC - Performing |
Add $5 per Loan |
ARM/HELOC - Non-Performing |
Add $15 per Loan |
Loans with Escrow/Impounds |
Add $15 per Loan (one Property) |
Loans with Escrow/Impounds on additional Properties |
Add $5 per Property |
Loans with Default Rate |
Add $15 per Loan |
Active BK, Forbearance Plan, Complex Loans, and Complex Loan Modifications |
$150 per Loan |
Partial Note Sale/Partial Ownership (Hypothecation) Loans |
$75 per Loan |
|
MATURITY NOTICE preparation and Mailing |
$45 |
MULTI-LENDER LOANS |
Stated Loan Fee divided equally between Lenders, or $15 per Lender if greater |
NSF FEE: if bank dishonors a Check or ACH debit |
Per the Note, or Regulations |
NY Loans that are Non-Performing in Specialty Servicing FULL COLLECTION Program (only) |
$95 base |
PAYOFF Request/Demand: Lender or Borrower pays per Fed or State Regulations |
$30 |
PAYOFF Request/Demand UPDATE: Lender or Borrower pays per Fed or State Regulations |
$30 |
PRE FORECLOSURE Compliance work: most States (AZ $475) |
$375+ per State |
PREPAYMENT PENALTY |
0% to FCI |
PROPERTY TAX, INSURANCE, etc. payments by FCI on NON-ESCROWED Loans |
$45 per disbursement |
QUALIFIED WRITTEN REQUEST (QWR), involved responses including Notice of Error, Disputes, Loan Terms, Validation of Debt, TILA, RESPA, etc. Lender owed fee - non recoverable |
$350 |
QWR RUSH OR IN FORECLOSURE: rush requests and Loans in foreclosure. Lender owed fee - non recoverable |
$500 |
RELEASE or RECONVEYANCE: per State Regulation. Must be handled by FCI |
$65 (Borrower or max State allowable) + recording |
REPORTS: Multiple Reports available to Originator/Lender on the CUSTOMER LOGIN |
No Charge |
REPORTS: STANDARD Data Distribution Reports sent to Originator/Lender |
$360 Setup + $70 month |
REPORTS: CUSTOM Data Distribution Reports created and sent to Originator/Lender. $1000 Scope of Work Deposit to start, (credited to purchased Reports) |
Per Programming hour |
REQUEST FOR INFORMATION (RFI) : basic and simple requests |
No charge |
SERVICER LEGAL COORDINATION on standard Collateral/Funding Agreements, PPMs, Purchase/Sale Agreements, Securities, etc |
$3,500 - $7,500 |
SERVICER QUESTIONNAIRE, PROPOSALS etc., filled out by FCI for any reason |
Staff $150/hour & Mgmt $350/hour or portion thereof |
SHORT PAYOFF facilitate at direction of Lender |
$45 |
SPREAD DISBURSEMENT for Note Rate/Sold Rate Interest Rate Spread |
$15 per disbursement |
STATE REGULATION & FEE NOTICE: Varying State regulations and requirements may result in additional processes and fees |
Per State |
TILA Ownership Transfer Notice (Section 404) |
$45 per Loan for 1-9 Loans;
$25 per Loan for 10+ Loans submitted at one time
|
TRANSFER OUT FEE for Active Servicing Loans; proof of new Servicer Licensing required |
$90 per Loan |
VOM (Verification of Mortgage) Request |
$25 from Requestor or Lender |