| 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 TRANSFER OF CLAIM (TOC) COORDINATION, for Loans not in Specialty Servicing Full Collection |
$55 per Loan |
| BROKER PRICE OPINION (BPO), SFR 1-4; Exterior only |
$125 |
| BROKER PRICE OPINION (BPO), SFR 1-4; Ext & Interior |
$175 |
| CHECK DISBURSEMENT to Lender instead of ACH |
$2 addition per disbursement |
| CONSTRUCTION/Loan Proceeds Disbursement |
$55/disbursement (includes wire) |
| DATA RESEARCH for missing Loan Servicing Setup data |
$150 per hour |
| DEFAULT RATE % to FCI on all Loans |
0% to FCI |
| EXTRAORDINARY ACTIVITY & SPECIAL REQUESTS |
Staff $150/hour & Management $350/hour or portion thereof |
| ESCROW/IMPOUNDS |
| 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/IMPOUND SERVICE SETUP on additional securing Properties
|
Add $5 per Property for SETUP only. NO ADDITIONAL MONTHLY FEE over base |
| INSURANCE LOSS DRAFT Disbursement |
$45/disbursement |
| |
| GRANT DEED or Quit Claim Deed preparation |
$150 |
| IRS BACKUP WITHHOLDING, including 945 Return |
Add $45 per Payment |
|
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
|
| LOAN RESET for Data Entry to change any Loan terms, or change Servicing Programs, or for Loan removal |
$65 per Loan for 1-9 Loans;
$35 per Loan 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 |
$20 per Loan/Month/Lender |
| Loans over $400K to $1M |
Add $10 per $100K or portion thereof, ($1M = $80); or $20 per Lender if greater |
| Loans over $1M |
$80 at $1M plus $20 per $M or portion thereof; or $20 per Lender if greater |
| ARM Loans |
Add $5 per Loan/Month |
| HELOC Loans |
Add $5 per Loan/Month |
| NEW YORK LOANS |
Add $10 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) |
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 $20 per Lender (if greater) |
| Loans over $400K to $1M |
Add $10 per $100K or portion thereof, ($1M = $80); or $20 per Lender (if greater) |
| Loans over $1M |
$95 at $1M plus $20 per $M or portion thereof; or $20 per additional Lender (if greater) |
| ARM Loans |
Add $5 per Loan/Month |
| HELOC Loans |
Add $5 per Loan/Month |
| NEW YORK LOANS |
Add $10 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 |
| NEW YORK LOANS |
Add $10 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) |
BACKUP LOAN SERVICING
(FCI acts as Backup Servicer for In House Servicing or another 3rd Party Servicer)
|
| HOT Backup Servicing |
MONTHLY Backup of all Servicing Data; Takeover withing 15 DAYS
|
| COLD Backup Servicing |
DAILY Backup of all Servicing Data; Takeover IMMEDIATELY
|
COLD BACKUP SERVICING
(For Non-QM Loans)
|
| Initial Portfolio Review |
$1,500 |
| MONTHLY BACKUP and HOLD |
3 BPS per year/12 |
| MONTHLY BACKUP and HOLD Minimum Fee |
$1,500 per Month |
| ACTIVATE FCI SERVICING: Boarding Fee |
$35 per Loan |
| ACTIVATE FCI SERVICING: Monthly Servicing Fee |
Per selected Loan Servicing Program |
HOT BACKUP SERVICING
(For Non-QM Loans)
|
| Initial Portfolio Review |
$1,500 |
| DAILY BACKUP and HOLD, Monthly Fee |
5 BPS per year/12 |
| DAILY BACKUP and HOLD, Minimum Monthly Fee |
$2,500 per Month |
| ACTIVATE FCI SERVICING: Boarding Fee |
$35 per Loan |
| ACTIVATE FCI SERVICING: Monthly Servicing Fee |
Per selected Loan Servicing Program |
|
LOAN BOARDING – ALL PROGRAMS
|
| Fixed Rate, Single Investor/Lender BASE FEE |
$65 per Loan for 1-9 Loans;
$35 for per Loan 10+ Loans submitted at one time
|
| LOANS MORE THAN 1 YEAR DELINQUENT |
$95 BASE FEE |
| 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 (one Property) |
| Loans with Escrow/Impounds on additional Properties |
Add $5 per Property |
| 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 $20 per Lender if greater |
| NON SUFFICIENT FUNDS (NSF) fee paid by Borrower |
$25 or per State allowable |
| PAYOFF Request/Demand: Lender or Borrower pays per Fed or State Regulations |
0-$60 per State allowable |
| PAYOFF Request/Demand UPDATE: Lender or Borrower pays per Fed or State Regulations |
0-$60 per State allowable |
| PREPAYMENT PENALTY |
0% to FCI |
| PROPERTY TAX, INSURANCE, etc. payments by FCI on NON-ESCROWED Loans |
$45 per disbursement |
| RELEASE or RECONVEYANCE: per State Regulation. Must be handled by FCI |
0-$100 per State allowable + recording |
| 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 |
| 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 (Section 404) |
$45 per Loan for 1-9 Loans;
$25 per Loan 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 |