| 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 |
| CLAIM FILING for MORTGAGE INSURANCE or FHA/HUD |
5% of settlement; $750 min |
| 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 |
| COVERED LOAN written Loss Mitigation Request Response, for Loans not on Specialty Servicing Full Collection, for Lenders who do NOT OFFER Foreclosure Prevention Alternatives (FPAs) |
$45 per Request Response |
| COVERED LOAN written Loss Mitigation Request Response, for Loans not on Specialty Servicing Full Collection, for Lenders who DO OFFER Foreclosure Prevention Alternatives (FPAs) |
$150 per Request Response |
| |
| 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
|
| DEFERRAL AGREEMENT: defer outstanding amounts due to bring Loan Contractually Current; facilitate at direction of Lender. |
$95 + $55 Loan Reset
|
| 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 |
| EXTENSION AGREEMENT: extend the Loan Maturity Date; facilitate at direction of Lender |
$95 + $55 Loan Reset |
| EXTRAORDINARY ACTIVITY & SPECIAL REQUESTS |
Staff $150/hour & Mgmt $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/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 |
| FORBEARANCE PLAN: payment reduction plan due to temporary hardship; facilitate at direction of Lender |
$95 + $55 Loan Reset |
| FORECLOSURE 30 Day Notice, if sent by FCI |
$75 |
| 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 |
| DEFERRAL AGREEMENT: Defer outstanding amounts due and bring loan contractually current; facilitate at direction of Lender. |
$95 + $55 Loan Reset |
| EXTENSION AGREEMENT: Extend the loan maturity date; facilitate at direction of Lender |
$95 + $55 Loan Reset |
| FORBEARANCE PLAN: Payment reduction plan due to temporary hardship; facilitate at direction of Lender |
$95 + $55 Loan Reset |
| LOAN MODIFICATION: facilitate at direction of Lender |
$400 + $55 Loan Reset |
|
LOAN MODIFICATION & TRIAL PLAN COMBINATION: facilitate at direction of Lender. |
$495 + $55 Loan Reset |
| REPAYMENT PLAN: Payment increase for a period of time to cure loan default; facilitate at direction of Lender. |
$95 + $55 Loan Reset |
| SETTLEMENT AGREEMENT: Settlement offer and lien release with payment schedule; facilitate at direction of 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 |
| |
| 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 & Mgmt $350/hour or portion thereof |
| LOAN MODIFICATION: facilitate at direction of Lender |
$400 + $55 Loan Reset |
| LOAN MODIFICATION & TRIAL PLAN COMBINATION: facilitate at direction of Lender. |
$495 + $55 Loan Reset |
| 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 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 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 |
| 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 |
| PAYMENT DATE CHANGE AGREEMENT: adjust Loan payment Due Date and defer unpaid interest. Facilitate at direction of Lender. |
$95 + $55 Loan Reset |
| PAYOFF Request/Demand: Lender or Borrower pays per Fed or State Regulations |
$30 minimum |
| PAYOFF Request/Demand UPDATE: Lender or Borrower pays per Fed or State Regulations |
$30 minimum |
| 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 minimum (Borrower or max State allowable) + recording |
| REPAYMENT PLAN: payment increase for a period of time to cure Loan default; facilitate at direction of Lender. |
$95 + $55 Loan Reset |
| 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 |
| SETTLEMENT AGREEMENT: Settlement offer and Lien Release with payment schedule; facilitate at direction of Lender. |
$95 + $55 Loan Reset |
| 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 |
$45 per Loan for 1-9 Loans;
$25 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 |