| Loss Mitigation Fees | |
|---|---|
| Field Services (door knocker) | See Additional Services |
| Trial Payment Plan Trial payment plan is 3 to 6 fixed payments. | $300 |
| Forbearance Plan negotiation and setup | $350 + $75 setup |
| Loan Modification negotiation and completion (simple) | $450 + $75 setup |
| Loan Modification negotiation and completion (complex) | $700 + $75 setup |
| Combo Forbearance + Loan Modification | $550 + $75 setup |
| Short Sale, Payoff, Satifaction of Debt, Settlement+ | Minimum $1000.00 or 3% of settlement amount, whichever is greater + $150 doc fees. |
| Deed in Lieu/Cash for Keys Coordination | $175 + Attorney fee |
| Quit Claim deed | $150 per loan |
| Deferral Agreement: Defer past due amounts to bring Loan 'Contractually Current'. | $175 per loan |
| Extension Agreement: Extend Loan Maturity Date | $175 per loan |
| Assumption Agreement | $200 per loan |
| Property Preservation | $35 per occurance + Third Party fees |
| Reinstatement+ | Minimum $500 or 3% of reinstatement, whichever is greater. |
| Refinance Coordination | $800 |
| Reinstatement+ | Minimum $500 or 3% of reinstatement, whichever is greater. |
| Hardest Hit Fund per approved Loan | $150 setup |
| Hardest Hit Fund payment processing | $25 |
| Bankruptcy Fees | |
|---|---|
| Bankruptcy Coordination and Setup | $200 |
| Bankruptcy - Amended Proof of Claim | $125 |
| Bankruptcy - Notice of Payment Change | $75 |
| Bankruptcy - Notice of Post Petition Fees & Charges | $75 |
| Bankruptcy - Transfer of Claim | $50 |
| Foreclosure Fees | |
|---|---|
| Foreclosure Coordination | $200 per loan |
| Legal document review and execution (Amounts due & owing, Foreclosure Affidavit, etc.), only for loans in NPN no collections | $75 |
| Foreclosure Registration in required States (NY, NC, etc.) | $150 |
| Document Fees | |
|---|---|
| Assignment Preparation | $125 per loan |
| Assignment Recording | $25 + filing fees per loan |
| Allonge Preparation (attached to note) | $50 per loan |
| Demand for payment Letter sent by Madison (not pre-foreclosure notice) | $50 |
| Document Housing | $40 per loan/year |
| Lien Release | $150 + filing fees per loan |
| Maturity Notice: preparation and mailing | $45 per loan |
| Payoff Request: Lender pays | $15 per loan |
| RESPA Dispute Response - QWR | $400 per occurrance |
| TILA ownership transfer | $25 per loan |
| Additional Fees | |
|---|---|
| BPO | $125 - Exterior $140 - Interior |
| De-boarding or Servicing Transfer out: proof of new servicer license required | $65 per loan |
| De-boarding or Servicing Transfer out less than contract minimum. | $300 per loan |
| Escrow/Impounds research if needed | $150 per loan |
| Escrow/Impounds Added to an existing loan on any program | $50 |
| Forced Placed Insurance (FPI) administrative fee (annually) | $30 |
| Late Fees % | 50% of paid late fee |
| LITIGATION/FORECLOSURE APPEARANCE COSTS | Staff $150/hour & Mgmt $350/hour or portion thereof (Requires $4500 retainer deposit) |
| Loan Reset (modification, deferral, forbearance) | $75 |
| Loan Reset - Complex (HELOC reset, complex loan terms) | $150 |
| O&E Report (Title Swipe) | $150 |
| Questionnaire completed by Madison for any reason | $150 |
| REO Management | $95 loan/month |
Web System Access No Charge
Vendor Management No Charge
ACH Deposits – No Charge
Direct Deposit – $5 per transaction
Wire Transfers $40 Per transaction
Special Reports/Special Projects – $150 per hour with a 2 hour minimum and $850.00 maximum fee.
• Examples include: Financial Reporting, Specialized Reporting, and Loan Consulting.
+ Settlement includes lump sum payoff, graduated payoff, reinstatement amounts
* Fees subject to change