The amount retained by the mortgage servicer from monthly interest payments made on a mortgage loan.
For all Servicing Retained Sellers, the Servicing Fee on each loan must be at least the minimum required based on the following: Conforming ARMâ€(tm)s: 37.5 bps Non-conforming ARMâ€(tm)s: 25.0 bps Conforming Hybrids: 25.0 bps, stepping up to 37.5 bps after the first interest adjustment date. Non-conforming Hybrids: 25.0 bps Servicing fees may be higher than these minimums but not lower.
The payment made by the borrower to the lender who originally made the loan for servicing the loan. Usually one-eighth to one-half percent of the outstanding loan balance.
a fee that may be designated by DNR and DOA pursuant to s. 281.58(9)(d), Wis. Stats., which shall cover the estimated costs of reviewing and acting upon a Clean Water Fund Program application and servicing of a loan.
The fee paid to the servicer of a mortgage loan. It is usually a fixed percentage of the outstanding principal balance of the loan, and is taken from the interest portion of the payment.
The fee charged to the borrower for the lender's costs of collecting payments and administering a loan.
Fee charged by national lender's local representative who collects payments, disburses funds for property taxes and insurance premiums, inspects the property and forecloses, if necessary.
This is a small fee reserved from the loan proceeds to cover record-keeping, payment processing, and other administrative associated with servicing the loan.
The fee paid by a borrower to cover record-keeping and other administrative costs of processing mortgage payments.
The fee earned by a servicer for administering a loan for an investor usually expressed as a percentage of the unpaid principal of loan and deducted from the monthly mortgage payment.
The periodic (monthly or annual) payment made by the purchaser of a mortgage to the mortgage banker who originally made the loan for servicing the loan. The fee, which varies from one-fourth to one-half percent of the outstanding loan balance, covers the administrative costs of servicing such as collection and payment of property taxes and property insurance premiums.
The amount withheld from monthly interest payments made on a mortgage which is retained by the mortgage servicer.
The monthly or yearly fee made by a lender to the correspondent lender who originally made the loan for the servicing of the loan. Servicing rights may be bought or sold with the loan.
The monthly fee retained by the loan servicer according to the terms of a servicing agreement.
