The Specialists in Private Money Loan Servicing for Lenders and Institutions

Services Included with Every Account

Additional Services Available and Fees for those Services

When the principal balance of the account is less than $500,000, the monthly fee is $35, $20 paid by the Lender, and $15 paid by the Borrower.

The following services are included for all of those accounts

Services

Borrower Welcome Letter

Borrower Monthly Statement

Lender Welcome Letter

Lender monthly statement of all accounts

Same day payment posting

Daily disbursement of funds (after payments clear)

Electronic deposit of funds (ACH) into Lender’s account

Payoff demands

Releases and Reconveyances

IRS 1098 and 1099-INT Reporting

Late notices sent to borrowers at 15 and 30 days past due

Borrower inquiry calls handled

Assignments

Notice of maturity

Description of Service

File set-up fee


NSF check


Assignment fee


Wiring fee for incoming payoffs


Credit Card Payment


Phone payment fee


Re-send lost check


Reconveyance


Recording fees


Foreclosure Management


REO Management


Tax Tracking Lender Service


Deed in Lieu

Fees

$200


$100


$30


$20


the greater of 3% or $20


$20


$20


$35


Varies by jurisdiction


$500 non-judicial/$750 judicial


$500


$99 per parcel per year


$350

Paid By

Borrower


Entity that wrote check


Lender


Borrower


Borrower


Borrower


Lender


Borrower


Borrower


Lender


Lender


Lender


Lender

701 E Front Ave • Coeur d'Alene, ID 83814
Phone: (800) 630-9252
Fax: (800) 380-6492
Email: customerservice@lakecityservicing.com

Copyright ©2018 • Lake City Servicing