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Agmt89 Continental Community Fu
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Agmt89 Continental Community Fu
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Last modified
8/24/2017 3:44:21 PM
Creation date
6/10/2002 12:01:05 PM
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Template:
Agreement
Contractor Name
Continental Community Funding CCF
PROJECT NAME
leveraged lending
RMP File Number
304
Date
11/26/1989
Reso Ref
11169
Box
2772
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b. Warehousinq and Monitorinq: DPL's are placed on <br /> computer systems for record keeping and computer <br /> reports are supplied monthly. Insurance companies <br /> are contacted and asked to submit cancellations <br /> and follow-up work is done to monitor insurance. <br /> Tax service is ordered and taxes are monitored for <br /> delinquency and tax sale. <br /> <br /> One time charge of $45.00 plus $1.00 per <br /> month per loan or $12.00 annually. <br /> <br /> c. Warehousinq and Impound Service: DPL's are placed <br /> on computer systems with monthly reports. An <br /> impound account is set up for taxes and insurance <br /> payments. <br /> <br /> One time charge of $45.00 per loan for the <br /> life of the loan plus $3.50 per month per <br /> loan. <br /> <br />C. LOAN FORECLOSURE SERVICES <br /> <br /> Continental Community Funding must be providing <br /> loan servicing for Agency. <br /> <br /> Minimum $150.00 per loan plus outside costs. <br /> <br />D. LOAN FOREBEARANCE SERVICES <br /> <br /> Continental Community F~nding must be providing <br /> loan servicing for Agency. <br /> <br /> $150.00 per loan plus outside costs. <br /> <br />E. DAVIS BACON COMPLIANCE PROGRAM <br /> <br /> 1. Payroll Audit Service. For each pro~ect, a fee of <br /> 1/4 of 1% o~ the total project amount with a <br /> minimum fee of $1,500.00. <br /> <br /> 2. Payroll Disbursement Service. For each project, a <br /> fee of 1/2 of 1% of the total project amount with <br /> a minimum fee of $2,000.00. <br /> <br /> 3. Site interviews are currently offered only in <br /> Southern California. Agencies outside of Southern <br /> California receive a 20% reduction in the <br /> calculated fee since site interviews are <br /> unavailable. <br /> <br /> <br />
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