| A | B | |
|---|---|---|
1 | servicingfees.mortgagequote.ca | |
2 | Rates are effective as of November 1, 2023; and are subject to change without notice. | |
3 | All fees are payable in advance, by credit card or email money transfer. | Please visit servicingfees.mortgagequote.ca for the most current schedule. |
4 | 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™ |
5 | Alberta Discharge Fee | Free |
6 | British Columbia Discharge Fee | $75 |
7 | All other Provinces Discharge Fee | $225 |
8 | Annual Mortgage Statement/Payout Statement Request | First Request is Free, additional requests are $525.00 per mortgage. |
9 | Dishonoured cheque, PAC or debit fee | refer to your commitment letter |
10 | Property Insurance (Investigation of property insurance coverage) | $300 |
11 | Property Insurance Cancellation Followup or Placement (if insurance coverage is cancelled or not active, lender will place insurance) | $750.00 plus Insurer Premium Coverage |
12 | Payment Frequency Change | $150 |
13 | 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. |
14 | Fee for each offsite retrieval | $250 |
15 | Hourly fee for client borrowing history, account history, payment history or tax account | $250.00/hour - billed in 1 hour increments |
16 | Renewals | Refer to your commitment letter |
17 | Payment Skips and Misses | $250 |
18 | Property Tax Arrears Payment fee | $300.00 plus the actual tax arrears amount owing. |
19 | Amortization Statements | $150 |
20 | Mortgage Demand Notice | $500 |
21 | Initial Default Administration Fee for default investigation, default collection and initial default followup | $2850.00 for the first 30 days of management. $1750.00 per month thereafter. |
22 | Cheque Holds | $75.00 per approved hold request |
23 | Per Day maintenance for administration and security of property in possession of Mortgagee. | $100 |
24 | Site Visit | $675.00 per vist Plus Executive Officer Time if applicable |
25 | MQCC Investor-Lender™ Service Department hourly shop rate | $175.00 per hour |
26 | Underwriting, Enforcement, Collection Activity - Administration Staff Hourly Rate | $250.00/hour - billed in 1 hour increments |
27 | Archived file Research and Reporting | $450.00/hour - billed in 1 hour increments Plus Executive Officer Time if applicable |
28 | Executive Officer Billing Rate (general underwriting and correspondence; 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; conformity science, principles, concepts and core processes. | $7750.00 USD /hour. Daily rate for non-origination processes is $54,250.00 USD per day (4 hours before noon; 3 hours afternoon, with break of 1.5 hours); or $26,000.00 USD for 4 hours. |
29 | Chief Executive Officer (Chief (CEO) or other applicable Executive) Billing Rate (CEO Billable Time; general underwriting and correspondence; other duties as conducted, 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: conformity science, principles, concepts and core processes. including the scope of trademark "Principles of 'Blockchain'™" its application in commerce. | $27,500.00 USD /hour. Daily rate for non-origination processes is $165,750.00 USD per day (3 hours before noon; 2 hours afternoon, with break of 4.5 hours). Minimum 15 Business Days contract. |
30 | Discretionary Chief Executive Officer or Other Executive Officer or Manager or Staff billing rate on matters of, but not limited to, general underwriting and correspondence via email or via phone or via text or other means. | $1200.00 per hour; billed in 1 hour increments. |
31 | Transportation, accomodation and other out-of-pocket expenses | Billed as incurred |
32 | Witness Services | Contact us |
33 | Expert Witness Services | Contact us |
34 | Skip Tracing | Contact us |
35 | Data or Document Retrieval Analysis Process (DDRAP™) | $2,500.00 |
36 | Data or Document Retrieval Delivery (DDRD™) | $2,500.00 or more, subject to quanta of data and level of complexity of retrieval. |
37 | Investigation Services | Contact us |
38 | Canadian Dollars or USD as assigned. | |
39 | ||
40 | Email underwriting[at]mortgagequote.ca for any questions or simply call us. | |
41 | ||
42 | Notes: | |
43 | ||
44 | Fees are subject to applicable taxes | |
45 | Additional fees or penalties may or may not be applicable to specific situations | |
46 | 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) | |
47 | Fees may be updated without notice at MortgageQuote.ca's discretion. | |
48 | Hourly billing charges are charged in 1 hour increments | |