| Late Charge Fee (%) |
0% |
Varies |
Late charges vary and the amount assessed is based on specific loan documents and state restrictions. |
| NSF or Returned Check Fees |
$0.00 |
$25.00 |
Varies based on fees incurred for processing returned checks. |
| Inspections Fees |
$0.00 |
$675.00 |
Standard Inspection: $20; Rush Inspection: $45; Multiple Units: $20 for the 1st unit, $10 for each additional unit, Maximum Charge: 52 units + 24 hour rush + Consolidated Report = $675. |
| BPO or Broker Price Option Fee |
$0.00 |
$575.00 |
Exterior BPO: $135; Interior BPO: $185; Commercial Exterior BPO: $400; Commercial Interior BPO: $500; AVM’s: $12. In addition, any BPO could be required to be reconciled. Reconciliation Fee: $75. |
| Appraisal Fee |
$0.00 |
$2,000.00 |
Exterior Appraisal: $600; Interior Appraisal: $800; Commercial Exterior Appraisal: Quoted Only*; Commercial Interior Appraisal: Quoted Only*. *Depending upon property type, size and location price will vary. In addition, any appraisal could be required to be reconciled. Reconciliation Fee: Varies per above. |
| Title Search Fee |
$0.00 |
$200.00 |
Dependent upon whether it is just a search or if an ALTA policy is issued. ALTA policy may be more than $200, if a policy needs to be issued it may exceed this amount. |
| Foreclosure Fees and Costs |
$0.00 |
$5,000.00 |
Varies based on time involved and hourly rate and type of foreclosure (Judicial/Non-Judicial). 7 Servicing follows the FNMA fee structure. |
| Foreclosure Attorneys’ Fees |
$0.00 |
$5,000.00 |
Varies based on time involved and hourly rate and type of foreclosure (Judicial/Non-Judicial). 7 Servicing follows the FNMA fee structure. |
| Loan Modification Fee |
$0.00 |
$1,000.00 |
Dictated by Investor Guidelines. |
| Loss Mitigation Processing Fee |
$0.00 |
$0.00 |
No fees are assessed. |
| Bankruptcy Fees and Costs |
$0.00 |
$5,000.00 |
Varies based on time involved and hourly rate. 7 Servicing follows the FNMA fee structure. |
| Recast Fee |
$0.00 |
$300.00 |
Recast fees vary based on specific state and investor regulations. |
| Partial Release Fee |
$0.00 |
$300.00 |
Partial Release fees vary based on specific state and investor regulations. |
| Subordination Fee |
$0.00 |
$300.00 |
Subordination fees vary based on specific state and investor regulations. |
