GSA Product Pricing Guide
May 29, 2001
Revised
January 16, 2002
GSA Product Pricing Guide
May 29, 2001
Revised
January 16, 2002
Title
Insurance & Non-Insurance Products
2550 N. Red Hill Ave.
Santa Ana, CA 92705
(800) 756-3524 Joey Mitchell
|
Product / Service |
Description
|
Delivery Time |
List Pricing |
|
Title Insurance Commitment |
ALTA or equivalent, Commitment or
Preliminary Report |
National Time: 4 7 Business Days |
As regulated; charged only where
required |
|
Full ALTA/with Endorsements (or equivalent) |
ALTA, or equivalent, loan policy; may be
traditional or Short Forms; Owner s policies issued where requested; subject
to additional premium |
National Time: 10-30 Business Days following closing |
As regulated, or market-priced by local
offices & agents; full cost includes search, exam & premium |
|
Limited Coverage Policy |
Various forms of limited insurance or
assurance policies. Similar to some
non insurance report in content; ALTA Junior Loan Policy in short form
available in certain areas across the country |
National Time: 2 - 4 Business Days |
As regulated, or market-priced by local
offices & agents; some forms have endorsements (issued after the
recording of a security instrument) for an additional cost |
Title Update
|
Continues the search to the present
effective date of the public records
(may be ordered in conjunction with recording service) |
As required by client |
$35-50 (If recording service is part of
this service,, the total charge will be higher) |
Lien Searches
|
Listing of information including current
record title holder, including legal description, liens, judgments, and
mortgages. Does not include
insurance.. |
5 7 business days |
$175.00 CERTIFIED COPIES CAN BE ORDERED. NATIONAL PRICE DOES NOT INCLUDE THE COST
OF CERTIFIED COPIES, AS IMPOSED BY THE PUBLIC RECORDS OFFICE |
|
Full ALTA/with
Endorsements (California); One point of contact for entire state. |
ALTA, or equivalent, loan policy; may be traditional or Short Form;
Owner's policies issued where requested; subject to additional premium |
3-5 Business Days Southern California;
7-9 Business Days Northern California |
Full cost includes search, exam & premium. Minimum $350 charge for Preliminary Report
only. |
|
Trustee Sale
Guarantees (California) |
Short & Full TSG products from one central point of contact. |
Recording of NOD
within 24 hours of receipt; 10 Letter within 48 hours; TSG within 10 business
days |
$350 minimum fee; Full TSG at 80% of Basic Rate; Short TSG at 60% of
Basic Rate. |
Closing & Related Services
|
Product/Service |
Description |
List Pricing |
Scheduling |
|
Sub Escrow |
All States with Full ALTA non-insurance products (Exception TX
& PA on Full ALTA products) Basic
services includes ordering demands, Payoff of liens/ creditors, prep. Hud-1,
order recording |
$200.00 |
According to
client request |
|
Limited Escrow |
All states with Full ALTA & Non-insurance Products (Exception TX,PA,SC,VA, ND, SD, OK) Includes Basic Sub Escrow plus, Prep. Est.
Hud-1,Review Preliminary report/commitment, Coordinate Signing, package loan
documents |
$300.00 |
According to Client Request |
|
Full Escrow |
All States
(same as Limited Escrow) All Services
included in Limited Escrow Service plus Review & Clearance of Preliminary
Title report/commitment items, Order Insurance, prepare Escrow Instructions |
$450.00 |
According to Client Request |
|
Post Closing Audit Services |
Tracking /
Follow of Recorded Instruments, Recording Information, Title Insurance Policy |
Varies based on Client Requirements |
None |
|
Full
Escrow/Closing Services (California); One point of contact for entire state |
Services include placement of title orders, document preparation,
ordering demands, making payoffs, coordination of document signing; HUDs,
Escrow Instructions |
Refi/Loan Escrow -
$400; Resale Escrow based on purchase price; |
24 Hour Escrow Instructions if ordered via the internet; 48-72 hours if
standard fax request |
|
Signing Service |
Centralized
coordination of nationwide traveling document signing / witness only closing
services. |
Metropolitan areas $125.00 |
Signing arranged within 24 hours of
request by client. |
Document Services
|
Product / Service |
Description
|
Delivery Time |
List Pricing |
|
National Recording Service |
Records
documents such as Deeds of Trust, Mortgages, Vesting Deeds, Assignments,
Reconveyances, etc. |
Varies, based on Clients Requirements |
Varies, based on Clients Requirements |
|
Reconveyance and
Document Research Services |
Preparation of release of lien documents per state requirements. |
Time frames per
state requirements. |
$12.50 per document plus $3.00 additional for research (plus cost of
search itself) as per contract. |
Credit Services
918 Ulster Ave.
Kingston, NY 12401
(800) 322-3880 Rick Hearn
|
Product / Service |
Description
|
Delivery Time |
|
Merged InFile Credit Reports |
Provided in a consistent and easy to read format, FNCS merged
credit report contains credit history data on individual or joint credit
applicants. FNCS has the ability to access a one, two, or three bureau
combination of Experian, Trans Union and/or Equifax databases for national
coverage. Upon receipt, data from
each of the national repositories is then de-duplicated and merged into one
concise report. |
Instantaneous;
on-line, real-time. |
|
Fannie Mae Desktop Underwriter/
Desktop Originator |
FNCS technology interfaces with Fannie Mae to provide access to
all three merged repository infiles through Fannie Mae s Desktop Underwriter/
Desktop Originator (DU/DO) systems. |
Instantaneous; on-line, real-time. |
|
Freddie Mac Loan
Prospector |
Provided
through a technological interface with Freddie Mac, FNCS offers access to all
three merged repository infiles via Freddie Mac s Loan Prospector (LP). |
Reports
returned within 18 seconds. |
|
Merge Plus |
The Merge Plus is FNCS amplified version of the merged credit
report. All of the data elements are
the same as those found in the merged report; however, verification of
dynamic data elements is provided on a per report basis as requested. |
24-48 hour turnaround
time. |
|
Residential Mortgage
Credit Report (RMCR) Balance Update Add a spouse |
In accordance with Fannie Mae, FHLMC,
FHA and VA guidelines, FNCS provides
this standard verified credit report, consisting of data merged from two or
three of the national repositories.
All trade-line information is updated within 90 days of the current
date, and Public Record information, two years of employment history and
residency information are also updated and verified. A personal contact interview may also be
conducted upon request. If desired, a
Consumer Copy will be mailed to the borrower in either English or Spanish. As a Secondary Market guideline, all
tradelines are automatically updated within 90 days. If a lender requires that
we update the trade balance even though it s within the 90 days, an
additional fee will apply. Co-borrower (spouse only) added to RMCR
or Express RMCR. |
24-48 hour turnaround 24-48 hour turnaround 24-48 hour turnaround |
|
Express RMCR |
Made available in an easy to read
format, FNCS Express RMCR updates all tradeline information within 90 days
of the current date. |
24 hours |
|
Non-Traditional RMCR |
When using the
Merged Credit Report as the base of information, individual(s) may have little
or no credit history with the credit repositories. In these instances, FNCS
alternative sources of credit information are referenced and manually added
to the report in accordance with secondary market guidelines (insurance &
utility companies, private loans, local creditors, etc.) |
24-48hours |
|
Product / Service |
Description
|
Delivery Time |
|
VeriTAX |
Primarily used for self-employed borrowers, FNCS may obtain up to
the past 4 consecutive years of a borrower s income tax transcripts directly
from the IRS. This is a fast and easy
way for lenders to get a line-by-line breakdown of the borrower s tax
returns. This is an excellent product to eliminate fraud and strengthen the
ability to make accurate lending decisions. |
Average
turnaround is 10 business days. |
|
Score2 |
A revised TU Experian and/or Equifax score after additional
investigation. |
48hr turnaround
time |
|
Social Search |
Validates the borrower s SSN and retrieves names, addresses and
employment information associated with this number. This service is only
available through Experian. |
Instantaneous;
on-line real-time |
|
Fraud Tools |
These warning tools may be provided by each of the three national
repositories to assist lenders with identifying fraud. Fraud indicators may include the following
information:
Fraud indicators include Experian s FACS+, Equifax s Safescan and
TransUnion s Hawk. |
Instantaneous;
on line real-time |
|
Duplicate RMCR to
Applicant |
Provided in conjunction with the RMCR, upon request, FNCS sends a
duplicate copy of the Residential Mortgage Credit Report to the applicant. |
24-48 hr.
turnaround |
|
Quick Search Business
Credit Report |
A rapid response report provided by FNCS that includes trade
data, banking information, and public record information on a particular
company as well as other corporate data obtained via third party databases. |
1 hr or less |
|
Standard Experian Business Credit Report |
When requesting this report, the following information is
included: a contact interview with two trade investigations, bank reference
analyses, business premise ownership verification, description of the
business, as well as a public record search inclusive of business leases. |
24 hr
turnaround time |
|
Developed Business Credit Report |
This report includes a personal contact interview with the business
owner(s), 3 trade investigations, 2 bank references, a business description
with SIC code, professional license verification, corporate record inquiry,
business premises ownership verification, investigation of commercial leasing
relationships, and a comprehensive UCC and public record search. |
24-36 hr
turnaround time |
Credit Services Pricing
|
SERVICE
DESCRIPTION |
UNIT |
SERVICE
DESCRIPTION |
UNIT |
|
1 Bureau Credit Report |
|
Residential Mortgage Credit
Report (RMCR) |
|
|
Individual |
$4.25 |
2 Bureau |
$50.00 |
|
Joint |
$6.50 |
3 Bureau |
$55.00 |
|
Blended |
$6.00 |
Non Traditional |
$65.00 |
|
2 Bureau Merged Credit
Report |
|
Balance Update - Per
Tradeline |
$5.00 |
|
Individual |
$7.50 |
Duplicate To Applicant |
$3.00 |
|
Joint |
$12.50 |
Express Residential
Mortgage Credit Report |
|
|
Blended |
$11.25 |
2 Bureau |
$40.00 |
|
3 Bureau Merged Credit
Report |
|
3 Bureau |
$45.00 |
|
Individual |
$11.75 |
Additional Services |
|
|
Joint |
$18.00 |
Add A Spouse |
$25.00 |
|
Blended |
$16.50 |
Score2 |
$100.00 |
|
Fannie Mae Blended |
|
VeriTAX |
$25.00 |
|
Desktop
Underwriter/Desktop Originator (DU/DO) |
|
Colorado Surcharge |
$1.75 |
|
1 Bureau |
$6.20 |
Social Search |
$5.00 |
|
2 Bureau |
$10.30 |
Fraud Tools |
$1.00 |
|
3 Bureau |
$14.75 |
Quick Search Business
Credit Report |
$30.00 |
|
Fannie Mae Reissue |
$3.00 |
Standard Business Credit
Report |
$65.00 |
|
Freddie Mac - 3 Bureau |
|
Developed Business Credit
Report |
$90.00 |
|
Loan Prospector (LP) |
|
|
|
|
Individual |
$11.00 |
|
|
|
Joint |
$16.00 |
|
|
|
MergePlusR |
|
|
|
|
Individual |
$27.00 |
|
|
|
Joint |
$33.00 |
|
|
|
Blended |
$31.00 |
|
|
|
In Excess of 3
Verifications - Per Tradeline |
$5.00 |
|
|
Please Note: Pricing is for blended, individual or joint
reports and includes FICO scores unless otherwise indicated.
Residential Appraisal
Alternative Evaluations
Hopkinton, MA 01748
(800) 577-6602 Walter Morgan
|
Product / Service |
Description
|
Turnaround Time |
Pricing |
|
Automated
Collateral Evaluation (ACE) |
The Automated Collateral Evaluation is a merged
collateral evaluation that estimates the market value of a subject property based
on computer-generated estimates and available public and proprietary
data. When available data does not
permit a value conclusion, the ACE is upgraded to a QCE desktop evaluation.
The ACE is not an appraisal and does not include either (a) physical inspection
of the exterior or interior of the subject property, or (b) photographs of
the interior or exterior of the subject property. This product is intended primarily for use in second mortgage
lending and is available in data rich markets. |
10 Minutes to 2 Hours |
$35 |
|
Home
Value Estimator (HVE) |
A proprietary automated valuation model
developed and licensed by Freddie Mac.
It utilizes proprietary and generally available real estate property
data. Market Intelligence is
currently under a license agreement with Freddie Mac for resale of the HVE
model. |
Online, Real-time |
$30 |
|
Quick
Collateral Evaluation (QCE) |
Independent desktop valuation, which utilizes
input from multiple AVM providers, as well as available raw data. Correlation between AVM conclusions and
raw data points are reviewed on-line by a qualified real estate analyst. Data sources analyzed may include various
automated estimates of value, previous valuation estimates, public record
data, on-line assessed value, last known sale of the subject property, and
comparable sales data, where such information is available and believed to be
reliable by Market Intelligence.
Multiple data points reduce risk of errors associated with single AVM
data conclusions. When available data
does not permit a value conclusion, the QCE is electronically upgraded to a
drive-by or interior property inspection, depending on client credit risk
policy. The QCE is not an appraisal and does not include either (a) physical
inspection of the exterior or interior of the subject property, or (b)
photographs of the interior or exterior of the subject property. This product is available in data rich
markets. |
3 4 Hours (Average) |
$45 |
|
Field Asset Verification (FAV) |
A drive-by property evaluation of residential
real estate, performed by a licensed real estate agent or appraiser. The FAV combines the field agent s
drive-by opinion of value with a supporting nearby comparable sale and other
available public information about the subject property. The FAV is not an appraisal and does not
include either (a) a physical inspection of the interior of the subject
property, or (b) photographs of the interior or exterior of the property. |
48-72 hours |
$75 |
Residential
Appraisal Products
|
Product/ Service |
Description
|
Turnaround Time |
Pricing |
|
Property Inspection Form 2070/2075 |
Property inspection report (Freddie Mac/ FNMA). Appraiser notes property and neighborhood characteristics
only; no analysis or opinion of value provided. |
3-5 business days |
Exterior: $175 Interior: $225 |
|
Limited Drive-By Form 2055 |
Exterior inspection and market analysis providing an opinion of
value. Extensive research with one
page of descriptive analysis.
Interior information is based upon public records. |
5-7 business days |
$335 |
|
Limited Walk Thru Form 2055 |
Interior/exterior inspection and market analysis providing an
opinion of value. Extensive research with
one page of descriptive analysis. |
5-7 business days |
$435 |
|
Full URAR |
An interior inspection and market analysis providing an opinion
of value. Extensive research with a
two page descriptive analysis. Specialized
forms for single family homes, condos, co-ops, relocations and mobile homes. |
7-10 business days |
See pricing grid attached. |
|
|
Residential Appraisal Type & Pricing |
|||||||||
|
State |
Property Inspection Form 2070/2075 |
Property Inspection with Interior Form 2070/2075 |
Limited Drive By Form 2055/2065 |
Limited Walk Thru Form 2055/2065 |
Full URAR Form 1004 |
Full Condo Form 1073 |
Multi Family 2-4 Family Form 1025 |
Desk Review Form 2006 |
Field Review Form 2000 |
|
|
AK |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
$75.00 |
QUOTE |
|
|
AL |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
AR |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
AZ |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
CA |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$225.00 |
|
|
CO |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
CT |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
DC |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
DE |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
FL |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
GA |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
HI |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
QUOTE |
$75.00 |
QUOTE |
|
|
IA |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
ID |
$125.00 |
$150.00 |
$335.00 |
$435.00 |
$500.00 |
$500.00 |
$900.00 |
$75.00 |
$400.00 |
|
|
IL |
$75.00 |
$125.00 |
$150.00 |
$175.00 |
$250.00 |
$250.00 |
$500.00 |
$75.00 |
$150.00 |
|
|
IN |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
KS |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
KY |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
LA |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
MA |
$75.00 |
$125.00 |
$150.00 |
$175.00 |
$250.00 |
$250.00 |
$500.00 |
$75.00 |
$150.00 |
|
|
MD |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
ME |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
MI |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
MN |
$125.00 |
$150.00 |
$300.00 |
$375.00 |
$450.00 |
$450.00 |
$575.00 |
$75.00 |
QUOTE |
|
|
MO |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
MS |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
MT |
$125.00 |
$150.00 |
$275.00 |
$350.00 |
$400.00 |
$400.00 |
$750.00 |
$75.00 |
$275.00 |
|
|
NC |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
ND |
$125.00 |
$150.00 |
$275.00 |
$350.00 |
$400.00 |
$400.00 |
$750.00 |
$75.00 |
$350.00 |
|
|
NE |
$125.00 |
$150.00 |
$275.00 |
$350.00 |
$400.00 |
$400.00 |
$750.00 |
$75.00 |
$350.00 |
|
|
|
Appraisal Type |
|||||||||
|
State |
Property
Inspection Form 2070/2075 |
Property
Inspection with Interior Form 2070/2075 |
Limited Drive By
Form 2055/2065 |
Limited Walk Thru
Form 2055/2065 |
Full URAR Form
1004 |
Full Condo Form
1073 |
Multi-Family 2-4
Family Form 1025 |
Desk Review Form
2006 |
Field Review Form
2000 |
|
|
NH |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
NJ |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
NM |
$125.00 |
$150.00 |
$275.00 |
$350.00 |
$400.00 |
$400.00 |
$750.00 |
$75.00 |
$350.00 |
|
|
NV |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
NY |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
OH |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
OK |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
OR |
$125.00 |
$150.00 |
$200.00 |
$250.00 |
$340.00 |
$340.00 |
$575.00 |
$75.00 |
$225.00 |
|
|
PA |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
RI |
$125.00 |
$150.00 |
$190.00 |
$250.00 |
$295.00 |
$295.00 |
$550.00 |
$75.00 |
$225.00 |
|
|
SC |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
SD |
$125.00 |
$150.00 |
$275.00 |
$350.00 |
$400.00 |
$400.00 |
$750.00 |
$75.00 |
$350.00 |
|
|
TN |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
TX |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
UT |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
VA |
$125.00 |
$150.00 |
$215.00 |
$275.00 |
$325.00 |
$325.00 |
$600.00 |
$75.00 |
$250.00 |
|
|
VT |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
WA |
$175.00 |
$225.00 |
$300.00 |
$350.00 |
$450.00 |
$450.00 |
QUOTE |
$75.00 |
QUOTE |
|
|
WI |
$125.00 |
$150.00 |
$250.00 |
$325.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$300.00 |
|
|
WV |
$125.00 |
$150.00 |
$235.00 |
$300.00 |
$365.00 |
$365.00 |
$650.00 |
$75.00 |
$275.00 |
|
|
WY |
$125.00 |
$150.00 |
$335.00 |
$435.00 |
$500.00 |
$500.00 |
$900.00 |
$75.00 |
$400.00 |
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With values
greater than $500,000; |
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Unique, or complex properties |
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Remote rural locations. |
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Volume will generally follow the same pattern of
distribution as the area s population. |
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Product / Service |
Description
|
Turnaround Time |
Pricing |
|
Broker s Price Opinion (BPO) Comparative Market Analysis (CMA) |
Comparative
Market Analysis (CMA) and the Broker s Price Opinion (BPO) are performed by
real estate agent s licensed in residential real estate in the state in which
the property is located. These
evaluations include the agent s observations of the apparent condition of the
subject property, prevailing local market conditions and the agent s estimate
of selling price in given sets of circumstances. The drive-by CMA and BPO are not appraisals and do not include
either (a) a physical inspection of the interior of the subject property, or
(b) photographs of the interior or exterior of the property unless otherwise
specified in the order and separately priced by agreement of the
parties. The Comparative Market
Anlaysis (CMA) is similar to the BPO but contains more detail about the
subject, comparables, and neighborhood.
Reports provided
on customized form or on Freddie Mac 1092 Form as specified by client. |
5-7 business days |
BPO - $150 BPO with Photos - $175 CMA - $175 CMA with Photos - $200 |
Commercial Property Appraisals
|
Product / Service |
Description
|
Turnaround Time |
Pricing |
|
Appraisal |
Completed by a
state certified and designated appraiser.
Complete, self contained narrative appraisal reports and form reports
for apartments, shopping centers, office/Industrial, vacant and farm land,
special use properties. Cash flow
analysis and income approach |
30 60 days |
QUOTE |
Flood Services
1521 N. Cooper St., 4th
Floor
Arlington, TX 76011
(800) 432-6347 Mark Talmage
Product / Service
|
Description
|
Delivery Time |
List Pricing |
|
Basic Flood Certificate |
A one-time, guaranteed
flood certification provides all required FEMA flood map and community
participation status information, including the FEMA mandated borrower
notification letter. |
Real-time 85% Same Business Day 90% 24 hours 98% A Status Notice is sent for FZDs not
returned within 24 hours to keep the lender apprised of reason for delay. |
$10-12 Volume pricing Negotiable |
|
Life-of-Loan Certificate |
Guaranteed
certification at origination, and monitoring for FEMA flood map revisions and
community participation status changes for the term of the loan. Life-of-Loan certifications are
transferable and help ensure compliance with federal regulations and
secondary market guidelines. |
Real-time 85% Same Business Day 90% 24 hours 98% A Status Notice is sent for FZDs not
returned within 24 hours to keep the lender apprised of reason for delay. |
$18 Volume pricing Negotiable |
|
Census Tract Data |
Ensures
compliance with the Home Mortgage Disclosure Act (HMDA). FNFI provides the four required elements: Census
Tract, Metropolitan Statistical Area, County Code and State Code. HMDA can be ordered with the flood zone
certification, or independently in batch format |
Delivered with flood certificate Batch orders (1-5 days) |
$1 with flood certificate $2 batch order Volume pricing Negotiable |
|
FIRMTracker |
Tracks the
servicer s existing portfolio for flood hazard changes due to Flood Insurance
Rate Map (FIRM) and community participation status revisions. |
Servicer notified of flood hazard and participation
status changes within 60 days |
Negotiable |
|
Life of Loan Conversion |
Tracks
certifications done by third party vendors.
When combined with FIRM Tracker, FNFI is responsible for updating
flood data on the entire portfolio |
Not applicable |
$8 Volume pricing Negotiable |
|
Commercial |
A one-time,
guaranteed flood certification |
Varies |
Per bid |
468 N. Rosemead Blvd.; Pasadena, CA 91107
(626) 351-5060 Mark Johnson
|
Product / Service |
Description
|
Delivery Time |
List Pricing |
|
Standard National Tax Service |
Primary
Delinquency Outsourcing
Receiving Stop Codes Generating Customized
Letters Generating Customized
Reports (If FNTS mails delinquency
info to borrowers, $1.00/loan) Standard
Payment/Disbursement Processing
|
Service is an ongoing component of the
loan servicing process. |
$65.00 for most states AK, CT, HI, NJ, NY, RI, WI = 66.00 ME, MA = 77.00 NH, VT, TX = 88.00 LA, PA = 96.00 |
|
Online Services |
Access to the Fidelity National Tax On-Line
System |
Online, Real-time access |
$20.00 |
|
Outsourcing Services |
Includes Standard National Tax Service and Online Services
as well as: Delinquency
Outsourcing
Forward All Correspondence to Borrowers
Re: Delinquent Taxes Receive All Correspondence
Back From Borrowers Through P.O. Box Receive All Customer
Telephone Inquiries Maintain Delinquency
Tracking and Automated Call Disbursement Data Change Service Types Monitor REO s and Ensure that Property Taxes are Paid Disbursement Outsourcing
Maintenance of Tax Lines Process Tax Files Against
Loan Files Generate Payment and
Exception Reports Process All Payments Generate and Process
Exception Reports Generate and Forward Standard & Ad Hoc Letters to Borrowers Draft Payment Checks For
Collecting Agencies Deliver Final Payments to
Collecting Agencies Respond to Tax Related
Calls From Borrowers Generate Homeowner
Authorization and Lockout Letters |
Services are an ongoing component of the
loan servicing process. |
$89.00 |
|
Product / Service |
Description
|
Delivery Time |
List Pricing |
|
Outsourcing Services (cont d) |
County
Refunds
Send Letters to Borrowers Requesting
Proof of Payment Receive Responses From
Borrowers Advise of Check Disposition Task
Tracking, Quality Control Measures and Established Performance Standards
Provided For All Services At No Additional Charge |
|
|
|
Delinquency Express |
We will complete a special search and prepare a notice for all levels
of collection and for all properties secured by the loan. The forepart of the
notice represents loans that have active delinquencies and require your
immediate attention. Loans with
Delinquencies The Delinquency
Express notice provides the original billed amount as well as the amount
to pay to bring the taxes up to date.
AMOUNT TO
PAY WITH PENALTIES AND INTEREST
PAYABLE TO
PAYMENT
PLAN INDICATED
TAX
CERTIFICATE HOLDER Searched Items
No Delinquencies The Delinquency Express package includes all loans
searched. If a delinquency was not
found at the time of the search, a notice has been prepared indicating No
Delinquencies at This Time . We have also
provided the posted through date.
This date reflects how current the agency is in posting their payments
at the time of our search. |
Services are an ongoing component of the
loan servicing process. One-time requests are completed within 5
to 10 business days. |
30.00 40.00 depending on state |
Legal Services
(651) 234-3500 Greg Whitworth
|
Product/Service |
Description |
Delivery
Time |
List
Pricing |
|
Legal Services |
Single source management of nationwide foreclosure, replevin and
bankruptcy files for all types of loans on a nationwide basis. Eviction services. Commercial and residential properties. Legal Services necessary to provide title curative work and legal assistance. |
Managing timelines
to the lower of Freddie/Fannie guidelines and client business rules;
electronic commerce from referral to billing; extensive reporting capability |
Residential Varies from state
to state per FNMA/FHLMC attorney fee caps for residential plus $50 case
management fee Title Curative Per Quote Commercial Per quote |
Property Management and Marketing
Services
9191 Sheridan Blvd., #101
Westminster, CO 80030
(303) 430-2712 Tom DiMercurio
|
Product/Service |
Description |
Delivery
Time |
List
Pricing |
|
Property
Management and Marketing Services |
Full Service management and marketing including eviction management
(cash-for keys), broker selection, market plan preparation, contract
negotiation, closing, and title curative/redemption. Commercial and residential properties |
Strict timeline
management to reduce time in inventory and client costs. |
Residential
Properties $2500 Commercial
Properties Quote |
|
Interim Property Management |
Interim management until a property is ready to be marketed to preserve
property integrity, collect rent, recommend and oversee maintenance,
inventory contents, secure, obtain appraisal, title and bids until a property
is ready to be offered for sale and/or assigned to a commercial property
management firm. |
Within 72 hours of
assignment |
Residential
Properties $200 per month Commercial
Properties Quote |
30825 Aurora Rd., Ste. 140
Solon, OH 44139-2733
(440) 424-0058 Marc Insul (x114) Don Insul (x128)
|
Product / Service |
Description
|
Delivery Time |
List Pricing |
|
Residential Property Inspection - Exterior |
Physical inspection of a property exterior to determine its
condition and occupancy status |
National Time: Average 13 Calendar Days |
$40 |
|
Residential
Property Inspection Interior and Exterior with Photos |
Physical inspection of the
interior and exterior of a property to determine the physical condition of
both the property and the interior and any and all structures. Contractor does a physical walk through of
the property and checks all entry points to determine that the structure is
secure and identify damage, vandalism, healthy, or safety hazards. Damage or vandalism will be photographed
and supplied with the inspection report. |
National
Time: Average
20 Calendar Days |
$75.00 |
|
Occupancy Verification Inspection |
Physical inspection of a property exterior to determine its condition
along with an attempt to verify the name of the person(s) occupying the
property |
National Time: Average 13 Calendar Days |
$65 |
Product / Service |
Description
|
Delivery Time |
Pricing |
|
Securitization |
Securing of a vacant home. May include lock change, installation
of a padlock, boarding, screening, or reglazing a broken window. |
National Time: Average 5 Business Days |
Padlock $40 per , Rekeying $60 per lock, boarding up to $130 per
opening, reglazing $40 per 2 x3 single pane window or per bid for other
sizes and pane types. |
|
Winterization |
To prevent freeze damage to a vacant property, water meter will
be disconnected and water supply shut off |
National Time: Average 5 Business Days |
$120 domestic system only, $125 wet heating system only, $200
both systems. |
|
Lawn Service |
Grass cutting at a vacant property |
National Time: Upon mutually determined cutting schedule |
Initial cut $100 minimum; recut $50 minimum will vary according
to size of lot and height of grass/weeds. |
|
Debris Removal |
Removal of exterior and/or interior debris from a vacant property |
National Time: Average 5 Business Days |
$50 per cubic yard plus dump fees |
|
Property Conveyance |
Completion of all property preservation services not previously
performed in order to convey the property to the agency that backed the loan |
National Time: Average 5 Business Days |
Per bid. |
|
Evictions |
Representation of the mortgage servicer in connection with the
lawful expulsion of an occupant from real property |
National Time: On date requested by customer |
$35 per labor hour plus cost of bonded moving
and storage company as required by local ordinance. |
|
Property
Maintenance |
Routine/necessary
maintenance and repairs for real property necessary to protect value and
integrity of property or to cure safety, health or vandalism damage. Competitive bids will be sought for major
work as required by client. |
Varies
by Requirement |
Residential per Matrix on page 20 Commercial per quote |
Final prices for Residential Property
Inspections, Occupancy Verification Inspections, Personal Interviews, Mobile
Home Inspections and Commercial Property Inspections and maintenance are determined by the following factors: Quantity of Inspections Ordered, Geographic Location of the Loans,
Electronic Communication Options
|
Maintenance or
Repair Service Matrix
|
FNFS
Standard
Fee
|
FNFS
High Cost
States* |
Comments |
Interior
Inspection & Inventory
With Photo Documentation With Videotape Documentation |
$ 125.00 200.00 |
$ 125.00 200.00 |
To
include Property Condition Report and Inventory of personal belongings
remaining at the property Documentation
of property condition and personal belongings to be via photos (Price does
not include cost of photos) Documentation
by videotape (Price includes cost of videotape) |
Lock
Work
Initial Service Lock Work Hasp & Padlock Chain & Padlock Barrel Bolt/Slide Bolt Flip Lock Thumb Screw Install Lockbox |
$ 55.00 40.00 40.00 25.00 25.00 5.00 45.00 |
$ 65.00 55.00 55.00 35.00 35.00 5.00 45.00 |
All exterior locks
keyed to Key Code as specified by client
Per
lock Includes
Master padlock (A389) Includes
Master padlock (A389) Per
lock Per
lock Per
lock Includes
price of the lockbox |
|
Winterization Domestic System Only Wet Heating System Sprinkler System Unusual Boiler or Hot
Water
Heating Systems |
$ 125.00 150.00 Per Bid Per Bid |
See Per Bid |
Per
unit. Primary winterization (air
compression)1 Per
unit. Primary winterization (air
compression)1 |
|
Window
Replacement |
Per Bid |
Per Bid |
Charges
vary depending on size of window. |
|
Board-Up Opening, Small size Opening, Medium size Opening, Large size Opening, Oversize Glass Slider, Single Panel Glass Slider, Two Panels Exterior Door Maximum Security Door |
$ 40.00 55.00 75.00 85.00 85.00 120.00 85.00 125.00 |
$ 50.00 70.00 90.00 115.00 115.00 150.00 115.00 170.00 |
Bolt Board-Up2
Size
of board: Less than 2 x 4 Size of
board: 2 x 4 up to 4 x 4 Size
of board: 4 x 4 up to 4 x 8 Per
sheet of plywood (4 x 8 ) required Requires
one sheet of plywood Price
includes hasp & padlock and hinges |
|
Clean-Up Debris Removal (up to Cap ) Debris Removal (over the Cap ) Hazardous Material Interior Broom Sweep |
$ 30.00 Per Bid Per Bid 40.00 |
$ 52.00 Per Bid Per Bid 40.00 |
Per
cubic yard, including dump fees. To be
bid on a bulk basis Per
property |
|
|
$ 150.00 |
$ 175.00 |
This
includes mopping & vacuuming floors, scrubbing sinks, toilets, counters,
wiping down & cleaning mirrors, cupboards, walls, windows and doors, etc. |
|
Vehicle
Removal If vehicle can be towed If vehicle cannot be towed |
Per Bid Per Bid |
Per Bid Per Bid |
Includes
lien check, towing and permit cost, if required.3 |
|
Lawn
Care Initial Cut Recut Clippings Removal |
$ 90.00 55.00 Included |
$ 110.00 65.00 Included |
Price
can be higher for large lots or high grass. Price
can be higher for large lots or high grass. |
|
Pool
Service Spa Drain Pool Drain Shock Treatment Pool Cleaning Pool Cover |
$ 100.00 150.00 100.00 Per Bid Per Bid |
$ 125.00 175.00 125.00 Per Bid Per Bid |
Plus
permit costs, if required. Plus permit
costs, if required. Must
meet local ordinances. |
|
Service
Charge/Trip Charge |
$ 40.00 |
$ 50.00 |
Show
up fee for additional work. Cost of
time includes person plus helper.
Includes minor materials and labor of less than one hour. Additional charges may be applicable if
extensive labor/materials are required. |
|
Eviction
Attendance Eviction Setup & Coordination Eviction Attendance |
$ 50.00 $ 40.00 |
$ 50.00 $ 50.00 |
Per labor
hour per person, for on-site labor.4 |
|
Service
|
FNFS
Standard
Fee |
FNFS
High Cost
States* |
Comments |
|
Trial
Witness Show up fee Waiting time |
$ 40.00 35.00 |
$ 40.00 35.00 |
Covers
witness appearance at the court; includes the first hour. Per
hour (after the first hour) |
|
Photo
Documentation Photos |
$ 2.50 |
$ 2.50 |
Per
photo. FNFS will provide photo
documentation as set forth in each individual client s Scope of Services.5 Photos
are to be attached to the Invoice for each applicable work order. |
12/2000
* High
Cost States generally include: AK, CT, DC, DE, HI, ID, MA, MD, ME, NH, NJ, NY,
OR, PA, RI, VA, VT, WA, WV. (Note that for
winterization purposes high cost states are somewhat different than the
above-listed states.)
|
**FEES FOR
HIGH COST WINTERIZATION STATES |
|||||
|
STATE |
DOMESTIC ONLY |
WET SYSTEM |
STATE |
DOMESTIC ONLY |
WET SYSTEM |
|
AK |
Bid |
Bid |
NJ |
$150.00 |
$225.00 |
|
CO |
$140.00 |
$200.00 |
NY |
$180.00 |
$255.00 |
|
CT |
$160.00 |
$255.00 |
OR |
$125.00 |
$200.00 |
|
DC |
$125.00 |
$200.00 |
PA |
$125.00 |
$200.00 |
|
DE |
$125.00 |
$200.00 |
RI |
$180.00 |
$255.00 |
|
ID |
$140.00 |
$225.00 |
SD |
$140.00 |
$200.00 |
|
MA |
$160.00 |
$255.00 |
UT |
$140.00 |
$200.00 |
|
MD |
$125.00 |
$200.00 |
VA |
$125.00 |
$200.00 |
|
ME |
$160.00 |
$255.00 |
VT |
$160.00 |
$255.00 |
|
MN |
$180.00 |
$295.00 |
WA |
$125.00 |
$200.00 |
|
MT |
$140.00 |
$200.00 |
WV |
$125.00 |
$200.00 |
|
ND |
$140.00 |
$200.00 |
WY |
$140.00 |
$200.00 |
|
NH |
$160.00 |
$255.00 |
|
|
|
1 In those cases where there is a large boiler system, systems with multiple boilers or hot water heaters, common water systems shared by more than one unit, etc., winterizations will be on a bid basis only.
2 Nail boarding will be performed on a request basis only.
3 When towing or lien checks are not required or when FNFS is able to call the local authority and leave the vehicle on the street for pickup and disposal, there is no charge for the vehicle removal.
4 Note that for some jurisdictions, a minimum number of personnel will be required. In addition, movers in certain areas require a 4-hour minimum. Accordingly, charges for movers will be dependent upon local requirements.
5 Typically, photo documentation will include photos of window replacements, board-ups, debris removal services ( before photos and load photos), and lawn care (usually before and after photos of front and back yards). Particularly important will be photo documentation of any mortgagor personal belongings that are stored or disposed of.