Sample Fees

These are your potential fees and profits. You will be pricing your
"New Escrow Division" as you see fit. The fees below represent fees we have seen through the years on HUD1's at the close of many escrows. They are representative of least costly to moderately priced escrow services. Remember, these are your new services. We completely train you and we work down the lifecycle of each escrow with you. The fees below are just samples for you to review.
PURCHASE ESCROW...shortsale, REO, traditional purchase

Below are only examples of fees. We are not suggesting you charge any of these amounts.

Base Escrow: $200 - $400 per side base fee, plus: $1.50 - $2.75 per thousand, per side
Loan tie in: $100 - $300……to the buyer
Download document: $100 - $200 to the buyer
document processing: $100 - $250 to the buyer and $100 - $250 to the seller
demand processing: $150 - $250
Wire fee $25 - $45
Fedex fee.. $25 - $40
Preparing the deed: $50 - $150

These are just a look at the basic fees we see. As you can see in the above scenario the escrow fees are based on the selling price of the home. You can also base it on a flat fee...$1495 a side for example or $500 a side! you will price it... Please review some of your own closed trasactions to get an idea of what escrow has charged. You have a certain amount of flexibility in pricing.

REFINANCE ESCROW

Base Escrow; $475 - $975
Loan tie in: $100 - $225
Download document: $75 - $200
document processing: $75-$150
demand processing: $75 - $150
Wire fee: $25 - $45
Fedex fee: $25 - $40

A refinance escrow is a much simpliar escrow. Let us show you.

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Top 10 Advantages over Regular Escrow

1. Have your estimated HUD1's immediately
2. Prints your final checks in your office
3. Virtual Escrow Officer watching everything you do
4. No start up cost
5. Set your own escrow fee
6. Free training
7. Unprecedented control
8. No increase in your current overhead
9. Trust Accounting maintained for you
10. NEW PROFIT CENTER
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Any size Mortgage Lender* or Real Estate Sales Company can provide Virtual Escrow Services with little or no Escrow experience
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Grow your Business with Virtual Escrow Technology, and unlock your profit potential
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Control over all estimates, change and print corrected or modified estimates in minutes, no waiting
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Get your much needed estimated HUD's for your short sale and REO closing estimates on the fly in minutes
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Virtual Escrow eliminates waiting for Instructions, Payoff Demand Statements, Estimates, amendments and even your checks

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