LENDER INFORMATION PACKET

Dear Lender,

This packet contains information regarding our services, fees, instructions for setup and a
checklist of the necessary information needed to service an account with us.
If this is your first transaction with us, please review this packet carefully prior to boarding
your loan. We thank you very much for your interest in our company which is Your One Stop
Loan Servicing Shop. We look forward to working with you very soon!
If this is not your first loan with us you probably already know the drill! Please complete
and return the enclosed forms along with the necessary documents at your earliest
convenience so we can set up and begin servicing for you. We sincerely appreciate the trust
you place in us to handle the servicing of your portfolio!

PO Box 496644

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
Copyright 2015 August REI, LLC
NewAcct@augustrei.com www.augustrei.com

LENDER INSTRUCTIONS & CHECKLIST

It is the Lenders responsibility to submit a complete Servicing Package (meaning all applicable items on this checklist)
to August REI, LLC no later than fifteen (15) days prior to their borrowers first payment due date.
If an incomplete package is received, please be aware servicing may be delayed until ALL documents or items are
received. We cannot stress enough the importance of the phrase Time is of the Essence when it comes to servicing
setup. Please contact us at the number or email below if there are any questions at all.
Email your complete package to: NewAcct@augustrei.com
Property Address:________________________________________________________________________________________
City:______________________________________________________ ST:___________________ Zip:___________________

August REI, LLC forms to include:

Servicing Acknowledgement
Borrowers Loan Servicing Setup Form
Lenders Loan Servicing Setup Form
Check for $50 Setup Fee (payable to August REI, LLC)

Copies of Legal Documents/Closing Package to include:

Note
HUD-1 Closing Statement
DEED OF TRUST
Warranty Deed with Vendors Lien
Payment Letter
Declarations Page of Homeowners insurance
Tax Assessment bill

Additional Forms/Documents to include, as they apply:

CURRENT Mortgage Statement for Underlying Note, or Not applicable

Disclosure of Underlying Note, or
Not applicable
Agreement of Proceeds of Wrap Financing, or
Not applicable
Check for initial funding of borrowers escrow account (payable to August REI, LLC), IF escrows are to be held

IF this is a Transfer File from another servicer, include copies of:

RESPA Goodbye Letter Letter to borrower, or Not applicable
Payment History record from previous servicer, or
Not applicable

PO Box 496644

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
NewAcct@augustrei.com www.augustrei.com
Copyright 2015 August REI, LLC

SERVICING ACKNOWLEDGEMENT
The Payee (herein after referred to as lender) and the Maker (herein after referred to as
borrower) of the Real Estate Lien Note (herein after referred to as Note) pertaining to the
property at:
Address ____________________________________ City _________________ State ____ Zip _________,
hereby acknowledge the following in regard to the servicing of the Note:
1. Servicing: Servicing of the Note will be performed by August Real Estate Investments, LLC
(hereinafter referred to as August REI, LLC or Servicer), a licensed loan servicing agent, per the
servicing agreement between August REI Holdings, LLC and August REI, LLC.
2. Borrower:
will provide full contact information and social security or ITIN number to August REI, LLC for tax
reporting purposes
will complete and submit to August REI, LLC the necessary forms for set up of the account
will receive a Welcome Packet which includes coupons to be sent with monthly payments
has their choice of payment type available, unless a particular payment type has been agreed
upon between lender and borrower in writing, a copy of which is attached
may pay by personal check or ACH until such time as an NSF return is received after which time
only certified funds (ie., bank cashiers check or money order) will be accepted
monthly payments will be made payable to August REI, LLC at PO Box 496644, Garland, TX
75049 accordingly, unless another payment type has been arranged with August REI, LLC
will receive a monthly statement on or around the 16th of each month via Email
will communicate directly with August REI, LLC regarding payments, servicing of the Note
will receive an annual escrow analysis and notice of adjustment of monthly payment, if taxes
and/or insurance amount changes
will receive a yearly 1098 Interest and Tax Form
has discussed with Lender and agrees that an appropriate homeowners insurance policy has
been put in place
3. Lender:
will provide full contact information and social security number or Tax ID number to August REI,
LLC for tax reporting purposes
will complete and submit to August REI, LLC the necessary forms and required documents per the
setup checklist for set up of the account
will receive monthly proceeds via Direct Deposit or pay $3.00 check fee for each check remitted,
checks are cut on Friday only
will receive a monthly statement of account on or around the 12th of each month via Email
will communicate directly with August REI, LLC regarding payments, servicing of the Note
will forward to August REI, LLC immediately upon receipt, any and all communication regarding
the underlying mortgage, including but not limited to escrow analysis, taxes and homeowners
insurance

PO Box 496644

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
Copyright 2015 August REI, LLC
NewAcct@augustrei.com www.augustrei.com

has discussed with Borrower and agrees that an appropriate homeowners insurance policy has
been put in place
4. Services and Fees:
A. Basic servicing fees are described and charged as follows and are subject to change only upon 30
days prior written notice to Lender and Borrower.
Setup Fee of $50.00 on 1st liens Due in Full upon submittal of Loan Servicing Setup Form to
August REI, LLC. Setup Fee will be paid by (check one):
Lender (collected with 1st months proceeds) Borrower (collected at closing)
Setup Fee of $15.00 on 2nd liens Due in Full upon submittal of Loan Servicing Setup Form to
August REI, LLC. Setup Fee will be paid by (check one):
Lender (collected with 1st months proceeds) Borrower (collected at closing)
Monthly service fee of $35.00 on 1st liens will be paid by (check one):
Lender
Borrower
Split 50/50 between Lender and Borrower
nd
Monthly service fee: $10.00 on 2 liens
will be paid by (check one):
Lender
Borrower
Split 50/50 between Lender and Borrower
Research/Project Fee:
$50.00 per hour (as applicable)
Rush Fee:
$40.00 charged to Lender when package is submitted with less than 15
days to borrowers first payment due
Late Charges:
Per Note, Split 50/50 between August REI, LLC and Lender
NSF Return Fee:
$35.00 charged to Borrower
Deboarding Fee:
$50.00 charged to Lender
Loan Payoff Request
$50.00 charged to Borrower
B. Additional services are available as requested and agreed upon between Lender and Servicer or
Lender and Borrower at additional fees, including but not limited to:
Homeowner Insurance Correction and Implementation
Deferred payment or workout programs
LENDER:

____________________________________________
Signature

_________________________________ _______________
Printed name & Title

____________________________________________
Company

______________________________
Date

PO Box 496644

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
NewAcct@augustrei.com www.augustrei.com
Copyright 2015 August REI, LLC

BORROWERS LOAN SERVICING SETUP FORM

FINANCED PROPERTY INFORMATION:

Address _________________________________________________ City _________________ State ____ Zip _______________

BORROWER(S) INFORMATION:
Primary Borrower Name _____________________________________________________________________________________
Mailing Address ________________________________________________ City _________________ State ____ Zip __________
Cell ________________________________ Work _______________________________Home____________________________
Date of Birth_____________________________________________ SS#/TIN#_________________________________________
E-mail ___________________________________________________________________________________________________

Co-Borrower Name _________________________________________________________________________________________

Mailing Address ________________________________________________ City _________________ State ____ Zip __________
Cell ________________________________ Work _______________________________Home____________________________
Date of Birth_____________________________________________ SS#/TIN#_________________________________________
E-mail ___________________________________________________________________________________________________

The information provided herein is true and correct to the best of my knowledge.

_________________________________________
Borrower Signature

_________________________________________
Co-Borrower Signature

______________________________________
Date

We at August REI, LLC thank you and look forward to working with you. Please contact us at the email address or telephone
number with any questions you may have regarding your loan servicing.

PO Box 496644

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
NewAcct@augustrei.com www.augustrei.com

Copyright 2015 August REI, LLC

LENDERS LOAN SERVICING SETUP FORM

LENDERS INFORMATION:
Lender Name _________________________________________Contact Name _________________________________________
Address _________________________________________________ City _________________ State ____ Zip ________________
Work ______________________________ Cell _______________________________Fax_________________________________
E-mail ___________________________________________________ SS#/TIN#_________________________________________

LENDERS BANK INFORMATION FOR CASH FLOW / DIRECT DEPOSIT:

Name of Bank ___________________________________________________ Type of Account:

Checking

Savings

Bank Address ___________________________________________Name on Account____________________________________

Routing# _______________________________________________Acct# _____________________________________________

BORROWER & SUBJECT PROPERTY INFORMATION:

Name of Borrower(s):_______________________________________________________________________________________
Address _________________________________________________ City _________________ State ____ Zip _______________
Property Type: SFR

Condo

Multi Unit Res

Owner Occupied? Yes

No

DETAILS REGARDING NEW LOAN FOR SERVICING:

New loan for servicing Existing loan for servicing transfer (Previous loan #_______________________________________)
Closing Date______________________________

Next Payment Due Date_________________________________________

Original Loan Amount $___________________________

Current Principal Balance $_______________________________

Note Interest Rate ______% Note Maturity Date____________ Amortization period (if different from maturity date)_________
TOTAL BORROWER PAYMENT DUE: $_______________________ broken out as follows:
P&I Amount: $____________________ + ESCROW Amount: $___________________ + Servicing Fee: $_____________
st

nd

Pmts are DUE on the ________ day of the month (1 , 2 , etc)

th

th

Pmts are LATE on the ________ day of the month (11 , 16 , etc)
Amount of Late Charge: ______% of P&I OR $________Flat fee
Late Charge Distribution: __50%__ to August Loan Servicing AND _____% Lender

PO Box 496644

_____% Other (____________________)

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
NewAcct@augustrei.com www.augustrei.com
Copyright 2015 August REI, LLC

PROPERTY TAX INFORMATION (please check one as applicable):

Taxes are Escrowed in Underlying Mortgage
Taxes are Not Escrowed in Underlying Mortgage and are to be Held in Trust by August REI, LLC (complete the following):
Note: For Initial Escrow Funding at Closing, make check payable and remit to August REI, LLC.

HOMEOWNERS INSURANCE INFORMATION (please check one as applicable):

Homeowners Insurance is Escrowed in Underlying Mortgage
Homeowners Insurance is Not Escrowed in Underlying Mortgage and is to be Held in Trust by August REI, LLC

Note: A copy of the Declarations Page of your policy must accompany this completed set up form.
BORROWER PAYMENT/DISTRIBUTION DETAILS
** Borrowers Monthly Payment Total $_______________ TO BE DISBURSED AS FOLLOWS:
$_______________ payment to__________________________________ (Underlying Mortgage)
$_______________ payment to__________________________________ (Underlying Mortgage)
$_______________ payment to__________________________________ (Lender/Investor)
$_______________ payment to__________________________________ (Lender/Investor)
st

$____35.00______ payment to August Loan Servicing 1 lien

$____10.00______ payment to August Loan Servicing 2

nd

lien ($10)

$_______________ payment to Escrow Account to be Held in Trust broken down as follows:

$________________ Property Tax Escrow
$__________________Insurance Escrow

IS THERE AN UNDERLYING MORTGAGE/IS THIS A WRAP? Yes (complete below info) No (skip to next page)
NOTE: A copy of the current coupon statement for any mortgage to be Wrapped must accompany this completed setup form and the following
information is needed.

UNDERLYING MORTGAGE PAYMENT ALLOCATION

ST

1 Lien Mortgage Holder August Loan Servicing will pay: ___________________________________________________

Mortgage Holder Address _________________________________________ City _________________ State ____ Zip _________
Phone ______________________________ Account #_____________________________________________________________
Payment Due Date _______________________________________ Full Payment Amount $_______________________________
P & I Amount $__________________________________________ Escrow Amount $____________________________________
Underlying lien Holders Name_______________________________________ SSN#____________________________________
nd

2 Lien Mortgage Holder August Loan Servicing will pay: ___________________________________________________

Mortgage Holder Address _________________________________________ City _________________ State ____ Zip _________
Phone ______________________________ Account #_____________________________________________________________
Payment Due Date _______________________________________ Full Payment Amount $_______________________________
Underlying lien Holders Name_______________________________________ SSN#_____________________________________

PO Box 496644

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
NewAcct@augustrei.com www.augustrei.com

Copyright 2015 August REI, LLC

Special Notes/Instructions from Lender to August REI, LLC:

The information provided herein and accompanying documentation are true and correct to the best of my knowledge.

____________________________________________
Lenders Signature

____________________________________________
Lenders Printed name

________________________________
Date

PO Box 496644

August REI, LLC

Garland, TX 75049 Tel: 972.767.9219 Efax: 888.475.4103
NewAcct@augustrei.com www.augustrei.com