The Specialists in Private Money Loan Servicing for Lenders and Institutions

Services Included with Every Account

Our services are extensive and can be customized to the level of service needed; the basic servicing includes the following:

Services

  • Borrower Welcome Letter
  • Borrower Welcome Call
  • Borrower Monthly Statements
  • ACH Payment Collection
  • Online Payment Options, including credit card payments
  • Online Account Access
  • Direct Deposit of loan payments
  • Lender Monthly Statements
  • IRS 1098 and 1099-INT Reporting
  • Late Pay Phone Calls
  • Late Notices
  • Late Pay Emails
  • NSF Notices
  • NSF Payment Follow-up
  • Notices of Maturity (60 days and 30 days prior to maturity)
  • Maturity Reminder (15 days prior to maturity)
  • Same Day payment posting
  • Payoff Demands
  • Borrower Inquiries

Additional Services Available and Fees for those Services

Our additional services are extensive and can be customized to the level of service needed, including handling insurance tracking, tax tracking, loan modifications, loan extensions, defaulted loan processing and foreclosure management.

Document or Service RequestedFee
Payment Processing Fee:$15/month
Payment by Phone:$20
NSF Fee:$50/occurrence
Payoff Quote/Update: $50
RUSH Payoff Request: $75
Partial Release (upon Lender Approval): $200
Reconveyance Fees:$35 + recording fees (varies by jurisdiction)
Certified Letter:$20
Payment Demand Letter: $30
Forbearance Plan/Short Sale Negotiation: $150
Loan Modification:$295 + recording fees (varies by jurisdiction)
Force Place Insurance Processing Fee: $100/property
Extension Fees:Contact our office for pricing
Service RequestedFee
Loan Setup Fee:$40/loan
Monthly Servicing Fee
– Loans under $500,000:
– Loans Over $500,000:
– Specialty Servicing*:

$20/month
$30/month
$35/month
Property Tax Monitoring: $6/property/month
Hazard/Flood Insurance Monitoring: $6/property/month
Assignment Preparation: $75 + recording fees (varies by jurisdiction)
Force Place Insurance Processing Fee: $100/property
Transfer Out Fee: $75/Loan
Deed in Lieu of Foreclosure:$250
Foreclosure Management: $750 for the 1st year/
$250 for any additional year
Foreclosure Loan Monitoring:$250
Bankruptcy Loan Monitoring:$250
REO Management: Contact our office to discuss pricing.
*These loans include pre-foreclosure, matured, AITD loans and other high touch loan servicing.
Service RequestedFee
Overnight Delivery Fee: $40
Verification of Mortgage:$25
Wire Fee:$20
Stop Payment Fee: $50 (includes payment reissue fee)
Credit Card Processing Fee:4% of total payment or $20 minimum
Please note these fees may be subject to change from time to time with or without notice.
Our corporate office on beautiful Lake Coeur d' Alene

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

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NMLS #1760709 • Please click here for the Secured Investment Corp NMLS Consumer Access Page