FEES AND CHARGES:
Base Processing Rates:
Conventional Loans $495.00
Government Loans $595.00
Non-Conforming Loans $575.00
Sub-Prime Loans $550.00
HELOC/2nd Mortgage Loans $495.00
Piggy Back 2nd Mortgages $195.00 if same lender (if different lender, standalone fees apply)
Special discounts apply for high volume.
Please contact me to discuss pricing for any specialized services you may require.
How is our processing fee paid?
Normally, the processing fee is a line item on the GFE and HUD-1. It is paid directly to MPS at closing. Therefore, there is no need for you to increase your ysp or points to cover the cost of processing and there are NO cancellation fees. If we don’t close the loan, we don’t get paid.
MPS reserves the right to charge a volume fall out fee to the Company if the volume reaches a level beyond acceptable tolerance.