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CALIFORNIA, STATE OF - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT 6 (2) -2007
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CALIFORNIA, STATE OF - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT 6 (2) -2007
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Last modified
1/3/2012 3:16:19 PM
Creation date
12/27/2007 4:39:26 PM
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Contracts
Company Name
CALIFORNIA, STATE OF - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Contract #
A-2007-231
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
4/2/2007
Expiration Date
8/28/2010
Destruction Year
2014
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<br />COMPENSATION <br /> <br />united States Escrow respectfully submits the follo,^'il1g fees for <br />the Agency's consideration: <br /> <br />A. j:.,OAN AND REB."TE GENERAL INFORMATION AND SCREE:NING <br /> <br />Applicant screening: <br />$20.00 to $45.00 <br />explanat.ion of <br />questionnaire, and <br />negotiated by USE <br />done. <br /> <br />per questionnaire (includes phone <br />programs and complete screen <br />mailing of applications). Fee to be <br />and city, based on final work to be <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 Analysis (PAA) is <br />performed but which is not approved for loan processing: a <br />fee of $145.00. <br /> <br />B. SINGLE FN{ILY LOAN PROCESSING <br /> <br />For each lo"n for which processing and underwriting are <br />performed: $285.00 plus outside costs. <br /> <br />Loan Cancellation Fee: one half of fee plus outside costs 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 cancelled after delivery of full uncerwriting analysis to <br />Agency. <br /> <br />*Outside costs include, but are not limited to, title, credit, <br />and appraisal. These costs are passed through from outside <br />vendors and are subject to marketplace incr'eases. <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 $400 plus outside costs* <br />corporation $450 plus outside costs* <br />partnership $650 plus outside costs* <br />Limited Partnership $1000 plus outside costs* <br />
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