As your loan servicer, we will take care of sending out statements, collecting payments, and reminding your clients when they haven’t made a payment. We also offer managing escrow accounts, sending out year-end interest statements, and making sure you are compliant with the laws of private lending.
Explore our service offerings below.
Mortgage Servicing for Private Lenders
Make Sure Your Investments Are Safe
- Setup Fee without Impounds (Per Balance Collected) $25.00
- Setup Fee with Impounds (Per Balance Collected) $50.00
- Transaction/Servicing Fee with one ACH direct deposit $15.00/Monthly
- Additional Disbursement by check $5.00 per month per add’l ck (payee fee)
- Receipt by Paper $5.00 per month per receipt
- Collection for Taxes and/or insurance add’l $15.00 per month
- Disbursement from the impound account $8.00 per disbursement
- Assignment or Assumption Fee $100.00
- Bereavement Transfer $50.00
- Partial Release $100.00
- Verifications $25.00
- Holding Documents/Dormant accounts $156.00 per year
- Close Out (Withdrawal & Affidavits) $150.00
- Close Out on Payoff $125.00
- Bring-Current Statement $40.00
- Payoff Statement $50.00
- Payoff Statement Update $15.00 (if pmnt recd/new statement req.)
- Recording Fee – Actual Charge
- Modification and Addendums $100
- Delinquency Notice $20.00
- 50% of late fees collected (Min. $25.00)
- Insufficient Funds/Returned Items $25.00
- Void and Reissues/Stop pay $29.00
- Reconveyance Fee $125.00
- Demand Monitor Fee $145.00 (includes 1 dmd stmt, 1 fax, 1
update, foreclosure monitoring) - Fed Ex Fee $25.00
- Bankruptcy Management/Adj Rate Payments $15.00 per month
- Research/Special Handling/Manual Calculation $50.00 min. per hour
- Document Signing Fee (For Trust Services) $125.00
- Storage Retrieval $35.00
