Saturday, May 24, 2008

Loan Purchase Negotiations: $500.00 upfront, non refundable fee.

Repurchase Negotiations: $500.00 upfront, non-refundable, plus Resolution Reward.

Repurchase Resolution Reward: 1% of Savings
Note: (Award is to be paid within 30 days of Final Resolution Letter. Award is to be paid above and beyond Upfront, Non-refundable Fee)

AWARD EXAMPLES:

Example One: Rescision of a repurchase request on a $70,000.00 loan was granted by investor.

Savings $70,000.00
1% Reward $700.00
Upfront Fee $500.00

SAVED CLIENT: $68,800.00

Example Two: Rescission of a repurchase request on a $70,000.00 loan was granted, but Investor required Client to pay back a Service Release Premium of two percent.

Loan Amount: $70,000.00 X 2% SRP = $1,400.00
Savings: $68,600.00
1% Reward $686.00
Upfront Fee: $500.00

SAVED CLIENT $67,414.00

Example Three: Repurchase Request of $70,000.00 was Reduced in half, and Client is required to pay back a Service Release Premium of two percent.

Loan Amount: $70,000.00 X 50% (half) = $35,000.00
2% SRP : $1,400.00
Savings: $33,600.00
1% Reward: $336.00
Upfront Fee: $500.00


SAVED CLIENT: $32,764.00