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
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