Performing Loan Fees:
| Peforming Loan Servicing Fees | |
|---|---|
| Loan Setup | $40 per loan $30 per loan for 10+ boarded at one time |
| Loan Setup: more than one Investor/Lender | Add $20 per additional Investor/Lender |
| Loan Setup: ARM/HELOC | Add $5 per loan |
| Loan Seup: with Escrow Impounds | Add $15 per loan |
| Loan Setup: Partial Note Sales | $50 per loan |
| Performing BK or Forbearance Plan setup | $150 per loan |
| Complex Loan Setup | $125 per loan |
| Servicing fee: Loans up to $400k | $20 per loan/month/Lender |
| Servicing fee: Loans over $400k to $1M | Add $5 per $100K or portion thereof, ($1M = $50); per month/loan/Lender |
| Servicing fee: Loans over $1M | $50 at $1M plus $20 per $M or portion thereof; per month/loan/lender |
| Additional Monthly Servicing fee: | $20 per Lender per loan |
| Performing Bankruptcy Plan | $15 per loan/month/Lender |
| Variable rate loans (HELOC/ARM) | additional $5 per loan/month |
| Optional Escrow Processing | $15 per loan/month up to 2 entities (tax, ins) $2.50 each additional entity |
| Loan Reset fee | See Additional Servicing Fees tab |
| Late Fee | 50-50 Split between Servicer & Lender |
Performing loans secured by a borrower’s primary residence that become 25 days delinquent will be subject to an additional $15 per month charge for 2 months to fulfill requirements.
Optional Escrow Processing: When a borrower’s monthly payment on a performing first mortgage includes amounts for property taxes, home owners insurance and/or HOA fees, MMS will collect those funds into a separate account and disburse the funds to the appropriate party when they become due. The fee is $15 per loan per month and will be added to the monthly servicing fee.
* Fees subject to change