Mortgage Fee Schedule
As of January 23, 2023
Mortgage Related Fees & Costs
Returned Payment Fee
|Charged when a payment is returned by the bank.||$0.00||Varies|
|Late Charges 2||Charged when the regular monthly payment is received after the due date and any applicable grace period.||$0.00||Varies|
|Recording of Release of Mortgage/Deed of Trust, etc. 3||Charged by the county clerk to record a release or satisfaction of lien.||$0.00||$550.00|
|Collateral Adjustment Processing Fee: Conventional Loan||Charged when adjustments are made to the collateral that secures the mortgage such as a partial release or subordination to easement for conventional loans.||$0.00||$500.00|
|Collateral Adjustment Processing Fee: FHA Loan||Charged when adjustments are made to the collateral that secures the mortgage such as a partial release or subordination to easement for FHA loans.||$0.00||$100.00|
|Broker’s Price Opinion (BPO)/Comparative or Competitive Market Analysis/Default Collateral Analysis||Charged if a Broker’s Price Opinion report is required to determine the value and condition of the property. Only the actual cost of the BPO is charged.||$100.00||$150.00|
|Principal Reduction Re-Amortization Processing Fee||Charged to process a re-amortization for the purpose of recalculating the mortgage loan payment following a principal curtailment.||$0.00||$500.00|
|Payoff Quote Fax Fee||Charged when a payoff quote is requested to be transmitted by fax.||$0.00||$0.00|
|Escrow Waiver Fee||Charged when a customer requests an escrow waiver. Additional fees may be charged based on escrow waiver being approved.||$0.00||1/4 of 1% of the unpaid principal balance.
|Assumptions||Charged when adding or removing borrower(s) or co-borrower(s) financially responsible for the loan. Additional fees may be charged based on the type of assumption including, but not limited to, credit report fees and recording fees.||Simple $100
Release - $400
|Simple - $100
Release - $900
|Property Preservation||Charged for services related to the preservation of a vacant or abandoned property.||Actual Cost Incurred|
|Property Inspection||Charged if we are required to determine the condition and/or occupancy status of the property.||$0.00||$50.00|
1 The maximum fees allowed in each category may vary in accordance with state law, investor requirements, and/or the content of your mortgage loan documents.
2 Late charge amounts are established by any applicable state laws and/or the content of your mortgage loan documents.
3 Recording fee amounts vary by county.