Common use of Incentive Fees Clause in Contracts

Incentive Fees. Incentive Fee Type Incentive Amount No contact incentive1 $100 Paid in Full (previously 60+ days past due) Short Payoff (Refinance or Note Sale) 1.50% of UPB – Minimum: $500; Maximum: $5,000 1.25% of UPB – Minimum: $500; Maximum: $5,000 Modifications2 1.50% of UPB Payment Plan or other workouts 0.75% of UPB Short Sale3 1.50% of Sales Price – Minimum: $500; Maximum: $5,000 Deed in Lieu 0.5% of UPB – Minimum: $500; Maximum: $3,000 REO Disposition4 1.00% of Sales Price – Minimum: $750; Maximum: $5,000 1 To earn the no contact incentive fee, the Subservicer must take a no contact account and establish produc- tive contact with the borrower (even if that productive contact does not result in a workout).