Fees
Please note that these fees are subject to change without notice and may vary from state to state based on applicable laws. This list is also not an exhaustive list of all fees charged by Gregory.
Servicer Name: Gregory Funding LLC
Servicer NMLS#: 266062
Description
From
To
Comments
Late Charge Fee %
0%
10%
Late charges based on the loan documents including a modification. Late charges exceeding state statute restrictions are adjusted to comply with state law.
NSF or Returned Check Fees
$15
$15
Flat fee.
Interest on Escrow Advances
0.00%
Note Rate
May be charged at the note rate on the daily escrow advance portion of the outstanding loan balance.
Quick Payment Fees
$0
$0
No charge.
Payoff / Reinstatement
$0
$0
A fee assessed to generate a loan payoff quote or reinstatement
Wire Fee
$0
$35
For payoff or reinstatement funds received by wire.
Reconveyance Prep Fee
$0
$100
Vendor cost if recoverable from borrower to prepare the satisfaction document.
Reconveyance Recording Fees
$0
$600
Calculated to be actual cost charged by the local recording office.
Foreclosure Fees and Costs
$500
$12,000
Estimated actual cost range, reflecting proof of claim, adequate protection motion, notice and certificate of default, and motion for relief, all to the extent recoverable.
Bankruptcy Fees and Costs
$1,500
$5,000
Estimated actual cost range, reflecting proof of claim, adequate protection motion, notice and certificate of default, and motion for relief, all to the extent recoverable.
Litigation Fees and Costs
See “Foreclosure Fees and Costs” and “Bankruptcy Fees and Costs” above. Litigation defense may be recoverable as incurred.
Title Search Fee
$0
$0
No charge, unless it is part of litigation/foreclosure costs such as service of process and title work.
Property Inspection Fees
$0
$80
Per visit.
Property Preservation Fees and Costs
$0
Actual Cost
A Cost if recoverable from the borrower.
Property Registration Fees
$0
Actual Cost
A foreclosure cost charged to borrowers when and if periodically incurred, subject to laws of local jurisdictions. Accounts secured by vacant and abandoned properties may incur higher charges.
Appraisal Fee
$0
$0
No charge.
BPO or Broker Price Opinion Fee
$150
$200
Charged only in exceptional cases - at cost and by mutual agreement.
Breach Letter Fees
$0
Actual cost
At cost if recoverable from the borrower.
Loan Modification Fee
$0
$0
No charge.
Loss Mitigation Processing Fee
$0
$0
No charge.
Servicer Name: Gregory Funding LLC
Servicer NMLS #: 266062
Servicer License #: RMS001381
Description
From
To
Comments
Late Charge Fee%
0%
2%
Late charges based on the loan documents including a modification. Late charges exceeding state statute restrictions are adjusted to comply with state law.
NSF or Returned Check Fees
$15
$15
Flat fee.
Quick Payment Fees
$0
$0
No charge.
Inspection Fees
$0
$0
Per visit; not rote and recurring, but scheduled as needed when property shows signs of being unprotected.
BPO or Broker Price Opinion Fee
$150
$200
Usually not charged. Must be an exceptional case to charge it at cost and by mutual agreement.
Appraisal Fee
$0
$0
No charge.
Title Search Fee
$0
$0
No charge, unless it is part of litigation/foreclosure costs such as service of process and title work.
Foreclosure Fees and Costs
$750
$6,000
Estimated actual cost range, including attorney fees and costs such as service and title work.
Loan Modification Fee
$0
$0
No charge.
Loss Mitigation Processing Fee
$0
$0
No charge.
Bankruptcy Fees and Costs
$1,500
$5,000
Estimated actual cost range, reflecting proof of claim, adequate protection motion, notice and certificate of default, and motion for relief, all to the extent recoverable.
Breach Letter Fees
$0
$0
No charge.
Litigation Fees and Costs
See “Foreclosure Fees and Costs” and “Bankruptcy Fees and Costs” above. Litigation defense may be recoverable as incurred.
Property Preservation Fees and Costs
$0
$0
No charge to the borrower at this time.
Property Registration Fees
$0
$0
No charge to the borrower.
Interest on Escrow Advances
Note Rate
May be charged at the note rate on the daily escrow advance portion of the outstanding loan balance.
Payoff / reinstatement statements
$0
$0
No charge.
Payoff / reinstatement Wire fee
$6
$6
If incurred.
Reconveyance Prep Fee
$12
$20
Vendor cost to prepare the satisfaction document.
Reconveyance Fee
$31.50
$451
Actual amount charged by the local recording office.