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.
National Costs and Fees Schedule for Consumer Loans*
Servicer Name: Gregory Funding LLC
Servicer NMLS#: 266062
* All fees subject to prohibitions and limitations set by applicable state or federal statute
Description
From
To
Comments
Late Charge Fee %
0%
10%
Late fee set forth in promissory note, as may have been motified, or the highest lawful rate, whichever is lower.
NSF or Returned Check Fees
$20
$50
As permitted by state law.
Interest on Escrow Advances
0%
Note Rate
The contractual interest rate multiplied by the average daily total amount advanced.
Quick Payment Fees
$0
$0
No charge.
Delivery of Payoff/reinstatement statements
$0
$0
No charge.
Payoff / Reinstatement Wire Fee
$0
$35
For payoff or reinstatement funds received by wire.
Reconveyance Preparation Fee
$0
$50
Actual cost charged by vendor to prepare the satisfaction document.
Reconveyance Recording Fees
$0
$600
Actual fee assessed by the local recorder of land records.
Foreclosure Fees and Costs
$500
$12,000
Estimated range of actual costs, including attorney fees and costs such as service of process and title searches.
Bankruptcy Fees and Costs
$1,500
$5,000
Estimated range of actual costs, including proof of claim, motions, notice and certificate of default, all to the extent recoverable under Bankruptcy Code.
Litigation Fees and Costs
See above
See above
See “Foreclosure Fees and Costs” and “Bankruptcy Fees and Costs” above.
Title Search Fee
$0
$0
No charge, unless incurred in connection with litigation or foreclosure.
Property Inspection Fees
$0
$80
Per visit.
Property Preservation Fees and Costs
$0
Actual Cost
Cost actually incurred and necessary to preserve the property's value.
Property Registration Fees
$0
Actual Cost
Actual cost assessed by local government. Accounts secured by vacant and abandoned properties may incur higher charges.
Appraisal Fee
$0
$0
No charge.
BPO or Broker Price Opinion Fee
$0
$400
Charged only if requested by borrower
Loan Modification Fee
$0
$0
No charge.
Loss Mitigation Processing Fee
$0
$0
No charge.
Mailing Costs
$0
$55.79
Cost of mailing fully endorsed checks containing hazard insurance proceeds.
New York Costs and Fees
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
$20
$20
As permitted by state law.
Interest on Escrow Advances
0%
Note Rate
The contractual interest rate multiplied by the average daily total amount advanced.
Quick Payment Fees
$0
$0
No charge.
Delivery of Payoff/reinstatement Wire Fee
$0
$0
No charge.
Payoff/reinstatement Wire fee
$6
$6
For payoff of reinstatement funds received by wire.
Reconveyance Prep Fee
$20
$20
Actual cost charged by vendor to prepare the satisfaction document.
Reconveyance Recording Fee
$31.50
$451.50
Actual fee assessed by the local recorder of land records.
Foreclosure Fees and Costs
$750
$6,000
Estimated range of actual cost range, including attorney fees and costs such as service of process and title searches.
Bankruptcy Fees and Costs
$1,500
$5,000
Estimated range of actual costs, including proof of claim, motions, notice and certificate of default, all to the extent recoverable under the Bankruptcy Code.
Litigation Fees and Costs
See above
See above
See “Foreclosure Fees and Costs” and “Bankruptcy Fees and Costs” above.
Title Search Fee
$0
$0
No charge, unless incurred in connection with litigation or foreclosure.
Property Inspection Fees
$0
$80
Per visit.
Property Preservation Fees and Costs
$0
$0
No charge.
Property Registration Fees
$0
$0
No charge.
BPO or Broker Price Opinion Fee
$0
$400
Usually not charged. Must be an exceptional case to charge it at cost and by mutual agreement.
Appraisal Fee
$0
$0
No charge.
Loan Modification Fee
$0
$0
No charge.
Loss Mitigation Processing Fee
$0
$0
No charge.
Breach Letter Fees
$0
$0
No charge.
Mailing Costs
$0
$55.79
Cost of mailing fully endorsed checks containing hazard insurance proceeds.
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