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  Home     March 21, 2019  
 
Loan Servicing
 
 
Standard Loan Servicing
 
 
High Touch Loan Servicing
 
 
Specialty Loan Servicing
 
 
Mortgage Fund Administration
 
 
Foreclosure Support
 
 
General Fee Schedule
 
 
Reo Management
 
 
Bankruptcy Relief Referral
 
 
Secured Investments
 
 
Borrower Contact & Options to Avoid Foreclosure
 
 
Borrower State Disclosures
 

 

The schedule below shows the many Hard Money related documents and services that Private Money Brokers and Private Money Lenders in any state can get from FCI. Loans need to be set up in either Standard Loan Servicing (Newly Originated and Performing Loans) or Specialty Loan Servicing (Non-Performing and High Touch Loans). This General Fee Schedule is incorporated into FCI Loan Servicing Agreements.

NOTICE: All Fees are earned and billed until FCI is notified by Client of any status change when status change actions are done by Client. 


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