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Understanding Freedom Mortgage Servicing Fees

Last updated: June 2, 2025

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Refer to the following table for information about fees that may be charged to your account in accordance with state laws depending upon the action required.

Service Description Fees
Amortization Schedule This fee is charged when requesting an amortization schedule. This is a breakdown of the payments to principal and interest for amortized loans. $0.00
Assumption Fee This fee is charged when requesting an assumption application to be processed. Up to $1,800.00
Late Charge This fee is charged when the total amount of the scheduled payment is not received within the grace period. The mortgage documents describe the circumstances when the fee is charged and the amount.
Lien Release Preparation Fee (Release Fee) This fee is reflected on the payoff quote and is assessed when the loan is satisfied to cover the cost of preparing the release documentation. Up to $25.00
Loan Document Copy This fee is charged when requesting a copy of the original closing documents. $0.00
Mortgage Statement Copy This fee is charged when requesting a mortgage statement. This is documentation of the current mortgage balance, current interest rate, amount remaining on the mortgage term, and the contact information for the mortgage holder. $0.00
NSF/Returned Payment This fee is charged when the account holder’s bank doesn’t honor the payment. Up to $40.00
Pay by Phone (Automated) This fee is charged to make a payment through an automated phone system. $0.00
Pay by Phone (Representative) This fee is charged to make a payment by phone with a representative. $0.00
Pay by Web This fee is charged to make a payment online. $0.00
Payment History This fee is charged when requesting a payment history, which is a record of payments or transactions made on a loan. $0.00
Payoff Statement This fee is charged when requesting a payoff statement. Shows remaining principal balance, accrued interest, and the interest rate. Up to $30.00
Prior Year End Statement duplicates only This fee is charged when requesting a copy of the prior year-end statement. $0.00
Verification of Mortgage This fee is charged when requesting a Verification of Mortgage. This is documentation of a borrower's existing balance, monthly payments, and payment history. $0.00

 

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