Servicing fee schedule

Loan servicing fee schedule

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

Type of feeAmount
NSF$0
RecordingAs permitted by applicable law
Subordination$0
Partial release$300 maximum
Overnight mail$9

Servicing schedule of fees

Type of feeAmountDescription
SubordinationVariesA fee will be charged for the subordination of a lien.
Verification of mortgage$0Borrower will not be charged a fee.
Prior year 1098$0Borrower will not be charged a fee.
Release fee$0Borrower will not be charged a fee.
NSF$0Borrower will not be charged a fee.
Duplicate release of lien fee$0Borrower will not be charged a fee.
Late feeVaries; please refer to your contract or noteA 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$4.00A fee will be charged by a third party payment service for any payment made over the telephone.
Inspection fee$0Borrower will not be charged a fee.
Broker price opinion$125-175If delinquent on a loan, a Broker’s Price Opinion may be ordered to determine the value of the property.
Foreclosure/judgement attorney feesVariesReasonable 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 feesVariesReasonable 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$0Borrower will not be charged a fee.
Prepayment penalty fee$0Borrower will not be charged a fee.
Appraisal$350-500A 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 searchUp to $250A fee will be charged to conduct a title search on your property.
Lawn care/snow removal$75-125 per eventIf 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.
UtilitiesBased on local utility ratesIf 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 eventIf 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 repairsBased on a bid by third-party contractorsIf 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.
CleaningBased on a bid by third-party contractorsIf 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.