Why do I have payoff fees?

Each accounts payoff fees differ because each loan is different. Examples of payoff fees may include:

Demand Fee: Paid to NSC for preparing payoff amount.

Wire Fee: Most loans are paid off by wire so there is a wire fee included in the payoff amount.

Reconveyance and Recording Fee: These fees are forwarded to your lender so they can Reconvey the loan  and pay the county the recording fee.

FedEx Fee: This fee is forwarded to our lender so they can send the reconveyance to the county via FedEx or other tracking method.

Insiders Cash accounts also have a Servicing Fee which is forwarded to Insiders Cash per their signed Commercial Loan Agreement.