| A | B | |
|---|---|---|
1 | Rates are effective as of January 1, 2020; and are subject to change without notice. | |
2 | All fees are payable in advance, by credit card or email money transfer. | Please visit servicingfees.mortgagequote.ca for the most current schedule. |
3 | MQCC System-Hour (MSH™); for all work with MQCC™ an intellectual property (IP) access fee for all communication; $250.00 per email; or $ is based per 60 minute hour or portion thereof, uptor 3 emails sent or received on a per hour basis. | $1675.00 per MSH™ |
4 | Alberta Discharge Fee | Free |
5 | British Columbia Discharge Fee | $75 |
6 | All other Provinces Discharge Fee | $225 |
7 | Annual Mortgage Statement/Payout Statement Request | First Request is Free, additional requests are $125.00. |
8 | Dishonoured cheque, PAC or debit fee | refer to your commitment letter |
9 | Property Insurance (Investigation of property insurance coverage) | $300 |
10 | Property Insurance Placement (if insurance coverage is cancelled or not active, lender will place insurance) | $300.00 plus Insurer Premium Coverage |
11 | Payment Frequency Change | $150 |
12 | Providing copies of documents from the borrower's file per item (copy of registered charge document, survey, survey certificate, real property report, electronic registration letter, other documents as applicable) | $300.00 for the first 10 pages. $25.00 for each additional page. |
13 | Fee for each offsite retrieval | $250 |
14 | Hourly fee for client borrowing history, account history, payment history or tax account | $250.00/hour - billed in 1 hour increments |
15 | Renewals | Refer to your commitment letter |
16 | Payment Skips and Misses | $250 |
17 | Property Tax Arrears Payment fee | $300.00 plus the actual tax arrears amount owing. |
18 | Amortization Statements | $150 |
19 | Mortgage Demand Notice | $500 |
20 | Default Administration Fee | $2850.00 for the first 30 days of management. $1750.00 per month thereafter. |
21 | Cheque Holds | $75.00 per approved hold request |
22 | Per Day maintenance for administration and security of property in possession of Mortgagee. | $100 |
23 | Site Visit | $675.00 per vist Plus Executive Officer Time if applicable |
24 | MQCC Investor-Lender™ Service Department hourly shop rate | $175.00 per hour |
25 | Underwriting, Enforcement, Collection Activity - Administration Staff Hourly Rate | $250.00/hour - billed in 1 hour increments |
26 | Archived file Research and Reporting | $450.00/hour - billed in 1 hour increments Plus Executive Officer Time if applicable |
27 | Executive Officer Billing Rate (including one-on-one company introduction session, consulting, training, education, seminars, training of other professionals (including lawyers); file audit and investigation) or all duties which are completed by an Executive Officer, personally, including: underwriting for the scope of Mortgage Banking and Mortgage Brokering. | $5750.00 USD /hour. Daily rate for non-origination processes is $37,500.00 USD per day (4 hours before noon; 3 hours afternoon, with break of 1.5 hours); or $26,000.00 USD for 4 hours. |
28 | Executive Officer Billing Rate (including one-on-one company introduction session, consulting, training, education, seminars, training of other professionals (including lawyers); file audit and investigation) or all duties which are completed by an Executive Officer, personally, including: underwriting for the scope of "Prnciples of 'Blockchain'" and its application in commerce. | $8500.00 USD /hour. Daily rate for non-origination processes is $75,000.00 USD per day (4 hours before noon; 3 hours afternoon, with break of 1.5 hours). Minimum 15 Business Days contract. |
29 | Transportation, accomodation and other out-of-pocket expenses | Billed as incurred |
30 | Witness Services | Contact us |
31 | Expert Witness Services | Contact us |
32 | Skip Tracing | Contact us |
33 | Data or Document Retrieval Analysis Process (DDRAP™) | $2,500.00 |
34 | Data or Document Retrieval Delivery (DDRD™) | $2,500.00 or more, subject to quanta of data and level of complexity of retrieval. |
35 | Investigation Services | Contact us |
36 | Canadian Dollars or USD as assigned. | |
37 | ||
38 | Email underwriting[at]mortgagequote.ca for any questions or simply call us. | |
39 | ||
40 | Notes: | |
41 | ||
42 | Fees are subject to applicable taxes | |
43 | Additional fees or penalties may or may not be applicable to specific situations | |
44 | Fees will be charged for providing other administrative or clerical services at borrower's request, including but not limited to: copies of documents from customer file, copies of legal documents (other than certified true copies) | |
45 | Fees may be updated without notice at MortgageQuote.ca's discretion. | |
46 | Hourly billing charges are charged in 1 hour increments | |