We have resolved the ACH payment issues we had been experiencing. However, if you are experiencing continued issues please call our office: (800) 630-9252
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.
| Service Requested | Fee |
|---|---|
| Monthly Servicing Fee | $20/monthly |
| Credit Card Payment by phone | 4% of total payment amount or $20 minimum fee whichever is greater and $20 processing fee |
| NSF Fee | $50/occurrence |
| Payoff Quote or updates | $50/request |
| RUSH Payoff Quote (24 HRS) | $75/request |
| Verification of Mortgage | $35 |
| Loan Extension Processing Fee | $275 for 1-5 months + $20 / month for servicing fee $500 for 6-12 months + $20 / month for servicing fee |
| Wire Fee (incoming and outgoing) | $30 |
| Stop Payment Fee | $50 |
| Certified Demand Letter | $40 |
| Force Place Insurance Processing Fee | $100/property |
| Escrow/Construction Holdback Fee | $150 |
| Draw Processing Fee | $33 per draw requested |
| ACH Change Fee | $20 |
| Research Request Fee | $50/hr |
| Paper Check Processing Fee | $20 |
| Maturity Fee | Provided on Promissory note (10% principal bal) |
| Addtl copies of account statements and pay history | $5 |
| Payoff Statement within 30 days of the quote (not including errors) | $25 |
| Reconveyance | $75 plus recording fee (varied by jurisdiction) |
| Inspection report | $95 |
| ACH Phone Payment | $20 |
| Force placed Inspections | $100 |
| Partial Reconveyance | $200 plus recording fee (varied by jurisdiction) |
| Service Requested | Fee |
|---|---|
| Loan Setup w/o Reserves | $100/loan |
| Loan Setup w/ Reserves | $150/loan |
| Monthly Servicing Fee | $35/month and $5 for each addtl lender max $65 |
| Transfer Out Fee for Active Serviced Loans | $75/loan |
| Assignment Prep and Recording | $75 plus recording fee (varied by jurisdiction) |
| Deed in lieu of Foreclosure | $250 |
| Foreclosure Management | $750 |
| REO Management | $500 |
| Check Disbursement | $2 per paper check |
| Research Request | $30 per request |
| Document Holding Fee | $100/year per file |
| ACH change | $10 per change |
| Escrow/Construction Holdback Fee | $150 |
| Inspection Report | $95 |
| Addtl copies of 1098 | $10 |
| Specialty Servicing – Non-Performing | $40/month |
| Tax Tracking | $72/year |
| 1098 Additional Copies | $10 per copy |
| Service Requested | Fee |
|---|---|
| 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. | |
701 E Front Ave • Coeur d’Alene, ID 83814
Phone: (800) 630-9252
Fax: (800) 380-6492
Email: cs@lakecityservicing.com
Copyright ©2024 • Secured Investment Corp
NMLS #1760709 • Please click here for the Secured Investment Corp NMLS Consumer Access Page
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