Investors
We listened and we heard you.
Your all-in-one private lender loan servicing for investors by investors.
Current Investors
New Investor Document Library
Start here to get your entity set up and ready to be serviced. The following can be completed via DocuSign. When you click the link you will be prompted to create a secure account in order to sign and record your information.
Entity Set Up
The following forms need to be filled out once per entity.
Loan Servicing Agreement
W-9
ACH AUTHORIZATION
Power of attorney
The following must be downloaded, signed, and returned to BIFI as an email attachment sent to servicing@bifils.com.
Individual Loan Setup
The following forms need to be filled out once per loan.
Loan Setup Form
TILA Transfer Notice
FC Referral Form
FPI Request Form
Servicing Fees
*all fees are per loan
| Service Transfer In (Loan Boarding) | $100.00 |
| Service Transfer Out (Loan De-Boarding) | $150.00 |
| ARM Setup | $15.00 |
| BK Setup | $50.00 |
| Escrow Setup | $25.00 |
| HELOC Setup | $15.00 |
| Truth-In-Lending Act Ownership Transfer | $25.00 |
| Standard Servicing Fee | $30.00 |
| Loss Mitigation Fee | $50.00 |
| Escrow Services | $10.00 |
| Adjustable Rate Mortgages (ARM) | $5.00 |
| Bankruptcy Plan | $20.00 |
| HELOC | $5.00 |
| Bankruptcy Setup | $50.00 |
| Bankruptcy Proof of Claim/Amended Proof of Claim | $50.00 + Attorney Fee |
| Bankruptcy Notice of Payment Change | $25.00 + Attorney Fee |
| Bankruptcy Post-Petition Fee Notice | $25.00 + Attorney Fee |
| Bankruptcy Transfer of Claim | $75.00 |
| Escrow Setup (at boarding) | $25.00 |
| Escrow Setup (after boarding) | $50.00 |
| Escrow Monthly Service | $10.00 |
| Escrow Termination | $20.00 |
| Tax Tracking ONLY (annually) | $50.00 |
|
Demand Letter Coordination |
$100.00 + Attorney Fees |
|
Foreclosure Coordination |
$400.00 + Attorney Fees |
|
Cash For Keys/Deed In Lieu |
$175 + Attorney Fee |
|
Deferral Agreement |
$75.00 |
|
Maturity Extension |
$100.00 |
|
Maturity Notice |
$25.00 |
|
Modification Agreement + Loan Reset |
$400.00 + $50.00 (mobile notary costs not included) |
|
Trial Payment Plan |
$300.00 |
|
Forbearance Agreement |
$300.00 |
|
Payoff/Settlement Coordination |
$750 or 3% whichever is greater |
|
Reinstatement Coordination (12+ months) |
$400.00 or 3% whichever is greater |
|
Loan Reset Fee |
$50.00 |
|
Assignment & Allonge Preparation |
$50.00 |
|
Assignment Recording |
$25.00 + Recording Fee |
|
Collateral Housing |
$35.00 |
|
Lien Release/Satisfaction |
$75.00 + Recording Fee |
|
QuitClaim Deed, Warrant Deeds, LNA, ETC |
$25.00 + Drafting Fee |
| Credit Reports | $15.00 |
| Door Knocker | $30.00 |
| Property Inspection | $30.00 |
| FPI Admin Fee | $200.00 (annually) |
| Payoff Statement | $10.00 |
| Reinstatement Statement | $10.00 |
| Statement of Account | $10.00 |
| Property Preservation | $25.00 + Preservation Company Cost per order |
| REO Management | $75.00 (monthly) |
| QWR | $500.00 |
| Verification of Mortgage Request | $25.00 |
|
Expedite Disbursement |
$100.00 |
|
Wire Fee |
$40.00 |
Investor FAQs
What States are you licensed in?
You can view our current licenses by reviewing our NMLS Consumer Access page here.