Usage-Based Fees
Fixed dollar amounts, charged only when they apply.
Back Office
Loan Servicing
Loan size
per $100k above $500k, per month, never more than $100
+$5
+$5
Additional lender
per additional lender or spread position on a loan, per month
$10
$10
Boarding
per loan; $25 each for 10 or more boarded together
$50
$50
Late fee administration
per late fee assessed; you keep the late fee
$25
Default administration
per month while a loan is in default; you keep the default interest
$25
Extension, modification or assignment
each
$50
$50
Draw management
per draw released from escrow
$50
Deboarding
per loan transferred to another servicer
$50
Optional Add-Ons
Tracking is à la carte: choose title, insurance or tax tracking for each security.
Back Office
Loan Servicing
Title tracking
per security, per month
$10
$10
Insurance tracking
per security, per month
$10
$10
Tax tracking
per security, per month
$5
$5
Tax or insurance escrow management
per escrow, per month
$10
ARMs
per loan, per month
$5
$5
Title tracking runs through Petra Title. Visit Petra Title →
Back Office Modules
Back Office
Loan Servicing
ACH module
we build the debit and credit files, you upload them to your bank
$10
per loan /mo
Trust accounting
monthly reconciliation of your trust account and a trust workbook for your bookkeeper
$500
per trust account /mo
LP platform
investor portal, capital accounts and reporting for your fund’s limited partners
$1,000
per fund /mo
$1,000
per fund /mo
Payable by Borrower
Back Office
Loan Servicing
Payoff statement / VoM
$25
ACH payment return
$25
Payoff administration
Cost varies
All servicing fees can be passed on to the borrower where your note or loan agreement provides for it. Monthly fees are per loan unless stated. We never take a share of late fees, default interest or any other charge. Subject to change.