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CA DEPT HOUSING & C.D. 3 - 2005
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CA DEPT HOUSING & C.D. 3 - 2005
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Last modified
1/3/2012 3:15:38 PM
Creation date
8/15/2006 11:15:38 AM
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Contracts
Company Name
CALIFORNIA, STATE OF & S.A. DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Contract #
A-2005-311
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
10/3/2005
Expiration Date
6/19/2026
Destruction Year
2031
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<br />COMPENSATION <br /> <br />United States Escrow respectfully submits the following fees for <br />the Agency's consideration: <br /> <br />A. LOAN AND REBATE GENERAL INFORMATION AND SCREENING <br /> <br />Applicant Screening: <br />$20.00 to $45.00 per questionnaire (includes phone <br />explanati on of programs and complete screen <br />questionnaire, and mailing of applications). Fee to be <br />negotiated by USE and City, based on final work to be <br />done. <br /> <br />Application Intake and Completion: <br />$75.00 per completed application (includes compiling and <br />completing application and borrower support <br />documentation) . <br /> <br />For a file in which a preliminary Risk Arialysis (PRA) is <br />performed but which is not approved for loan processing: a <br />fee of $145.00. <br /> <br />B. SINGLE FAMILY LOAN PROCESSING <br /> <br />For each <br />performed: <br /> <br />loan for which processing and <br />$285.00 plus outside costs. <br /> <br />underwriting <br /> <br />are <br /> <br />Loan Cancellation Fee: one half of fee plus outside oosts if <br />loan is cancelled after delivery of Preliminary Risk Analysis <br />to Agency. Total fee plus outside costs is charged if loan <br />is canoelled after delivery of full un0erwriting analysis to <br />Agency. <br /> <br />*Outside oosts include, but are not limited to, title, credit, <br />and appraisal. These oosts are passed through from outside <br />vendors and are subjeot to marketplace increases. <br /> <br />C. MULTI-FAMILY, COMMERCIAL. AND ECONOMIC DEVELOPMENT LOAN <br />PROCESSING AND UNDERWRITING <br /> <br />Employed Individual or <br />Married Couple/Sole <br />Proprietor <br /> <br />$400 plus outside costs* <br /> <br />Corporation <br /> <br />$450 plus outside costs* <br /> <br />Partnership <br /> <br />$650 plus outside costs* <br /> <br />Limited partnership <br /> <br />$1000 plus outside costs* <br />
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