Common use of Boarding Fees Clause in Contracts

Boarding Fees. Manual Boarding: $25 per Mortgage Loan Electronic Boarding: $15 per Mortgage Loan De-Boarding Fee: $15 per Mortgage Loan (fee will be increased to $50 if Mortgage Loan is transferred within 6 months of boarding) Base Fee: For each Mortgage Loan, a monthly fee pursuant to the chart below End of Month Status Volume: Less than 1,000 1,000+ 0-29 Days Past Due $30 $25 30-89 Days Past Due $60 $55 90+ Days Past Due $125 $100 Foreclosure $125 $100 Bankruptcy $100 $90 REO Property $75 $65