Note Servicing Fee Schedule

Because we do such a large volume of servicing, we can pass the savings to you. No matter if you have one single note or hundreds of notes, you get the same level of service.

Payment Automation Network, Inc. helps customers, just like you, quickly and securely collect and distribute funds. By servicing your account we provide accurate understandable documentation. Chances are you did not realize collecting payments would be so time-consuming and that you would be responsible for every detail such as keeping accurate balances, calculating principal and interest amortizations each month, depositing funds, collecting late payments, and keeping the proper records mandated by the IRS.

When customers get together and transact a loan of any type, Payment Automation Network, Inc. will keep your interests secure, manage all payments and records by:

Collecting installment payments from the buyer either by check or automatic bank draft from a bank account
Transferring the money to the seller
Encouraging timely payments by assessing late charges and issuing late payment notices
Handle all bookkeeping associated with the installment contract as required for IRS annual reporting, including year-end interest statements, impound accounts, verifications and payoff demands, monthly balances and late notices

Initial Set-UP Fee schedule

Number of Notes:	1 to 4	5 to 9	10 to 49	50 to 99	100 to 199	200 +
One Time Set Up Fee (each loan)	$22.00	$19.50	$10.00	$8.00	$7.00	$6.00
With Impounds – Add each loan. (Includes Taxes, Insurance, Dues, Etc)	$3.00	$3.00	$3.00	$3.00	$3.00	$3.00

Monthly Servicing Fees

Number of Notes:	1 to 4	5 to 9	10 to 49	50 to 99	100 to 199	200 +
Monthly Servicing (each loan)	$17.00	$15.00	$12.00	$10.00	$9.00	$7.00
With Impounds – Add each loan. (Includes Taxes, Insurance, Dues, Etc)	$3.00	$3.00	$3.00	$3.00	$3.00	$3.00
Return Check Charge (per check – charged to borrower)	$35.00	$35.00	$35.00	$35.00	$35.00	$35.00
Coupon Book or Mon Stmts	Included	Included	Included	Included	Included	Included
Payoff Quotes	Included	Included	Included	Included	Included	Included
Modifications/Changes	Included	Included	Included	Included	Included	Included
Bank Draft Pmt Collections	Included	Included	Included	Included	Included	Included
Late Fee Notices	Included	Included	Included	Included	Included	Included
Toll Free Customer Support	Included	Included	Included	Included	Included	Included
Annual 1098 Tax Stmt	Included	Included	Included	Included	Included	Included
Monthly Lender Reporting	Included	Included	Included	Included	Included	Included
Multiple Lender Disbursements	Included	Included	Included	Included	Included	Included

* fees are subject to change without notice. Be sure to call for current pricing.

Included in Monthly Servicing fees

Provide payment processing including annual Coupon Books or monthly Statements to the payer
Collect payments owed to you every month
Setup borrower with automatic bank draft payments (no additional charge)
Payoff Quotes sent on request (no additional charge)
Payments are processed daily
Deposit of funds into your bank account or sent wherever you direct
(disbursements can be sent to multiple investors by percentage of portfolio ownership)
Bank Draft deposit to Lender's account
Provide you with monthly statements
Keep an accurate record of every payment made and every disbursement
Balloon payment notification
Provide year-end financial accounting required for IRS (1098 and 1099)
Pay all postage and telephone calls
Provide Late Notices
Note adjustments - principal, interest, fees, escrow (no additional charge)

Contact a representative for more information on our Loan Servicing Program.

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