Servicing fee schedule

Loan servicing fee schedule

Fees will be charged as follows or as permitted by applicable law

Type of fee Amount
NSF $0
Recording As permitted by applicable law
Subordination $0
Partial release $300 maximum
Overnight mail $9

Servicing schedule of fees

Type of fee Amount Description
Subordination Varies A fee will be charged for the subordination of a lien.
Verification of mortgage $0 Borrower will not be charged a fee.
Prior year 1098 $0 Borrower will not be charged a fee.
Release fee $0 Borrower will not be charged a fee.
NSF $0 Borrower will not be charged a fee.
Duplicate release of lien fee $0 Borrower will not be charged a fee.
Late fee Varies; please refer to your contract or note A fee will be charged for a late payment according to the terms of your loan Contract or Note and not to exceed limitations placed by state law and regulation.
Pay by phone $4.00 A fee will be charged by a third party payment service for any payment made over the telephone.
Inspection fee $0 Borrower will not be charged a fee.
Broker price opinion $125-175 If delinquent on a loan, a Broker's Price Opinion may be ordered to determine the value of the property.
Foreclosure/judgement attorney fees Varies Reasonable and customary expenses and court costs will be charged to the borrower for the cost of legal services incurred in relation to a foreclosure or judgment action as allowed by state law and regulation.
Foreclosure/judgement expenses and court fees Varies Reasonable and customary expenses and court costs will be charged to the borrower for the cost of legal services incurred in relation to a foreclosure or judgment action as allowed by state law and regulation.
Payoff fee $0 Borrower will not be charged a fee.
Prepayment penalty fee $0 Borrower will not be charged a fee.
Appraisal $350-500 A fee will be charged if an appraisal is ordered to determine the property's value in the event of Borrower default on their loan.
Title search Up to $250 A fee will be charged to conduct a title search on your property.
Lawn care/snow removal $75-125 per event If the property is vacant and/or abandoned, contractors may be retained to perform lawn care or snow removal. Services may include frequently watering, trimming shrubs and/or cutting the grass. Snow removal may include removing snow from the entry walk, porch and/or driveway.
Utilities Based on local utility rates If the property is vacant and/or abandoned, we may make water, electric and/or gas utility payments directly to the utility company and charge against the loan at the same amount.
Winterize/de-winterize $175-250 per event If the property is vacant and/or abandoned, steps may be taken to protect the property from winter elements. Services may include, but are not limited to, draining plumbing and heating systems, maintaining water services to houses where a community water service is involved, and/or turning off water supply to the property, etc., and may include the use of air pressure and/or adding anti- freeze to prevent freeze- ups.
Damage repairs Based on a bid by third-party contractors If the property is vacant and/or abandoned, we may have a contractor conduct repairs to address and fix identified damages to a property or otherwise take measures to prevent further damage from occurring.
Cleaning Based on a bid by third-party contractors If the property is vacant and/or abandoned, we may have contractors provide cleaning services to address any health and/or safety issues. Services may include, but are not limited to, general cleaning, cleaning refrigerators, stand alone freezers, and toilets.