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Milestone 1: Initial Process and underwrite selected applicants from lottery ranking to <br /> Qualification, Lender determine if they meet eligibility requirements as set forth in the <br /> Pre Approval & City marketing plan. Collect all required documents from the applicant and $850 <br /> Conditional complete initial screening for program eligibility. Obtain conditional per file <br /> Approval/Disqualificationapproval or disqualification from the City and preapproval from a <br /> qualified Lender. <br /> Milestone 2: Final When a unit is ready for sale, collect updated required documents $1,450 <br /> Approval & Purchase from the applicant (as needed depending on time passed since per qualified <br /> Agreement conditional approval) and lender documentation. Screen documents purchaser <br /> and information provided to verify income and program eligibility prior <br /> to execution of purchase agreement between developer and <br /> applicant. Prepare final approval package for the City and obtain <br /> Track each application with lenders, requiring weekly reports on each <br /> file to ensure prompt approvals. Coordinate collection of required <br /> information from escrow and lender needed to complete City $1,725 per <br /> Milestone 3: Doc documents including restrictions, notes, DOTs and escrow homebuyer <br /> Preparation & Closing instructions. Create the documents and route with instructions for <br /> signatures and notarizing at the City. Coordinate pickup and delivery <br /> Process and review appeals from disqualified applicants to determine <br /> if they meet eligibility requirements as set forth in the Program $100 per hour <br /> Inclusionary Appeals Guidelines. Prepare a final determination packet for City review and <br /> approval. <br /> Additional Services Upon City Request <br /> Optional Costs <br /> Schedule venue, advertise through e-mail blast to dedicated leads, and $700 per <br /> City-Specific Workshops in up to three local newspapers to invite prospective attendees. Present workshop <br /> (as requested) materials to attendees, answer questions, and capture attendee $85 per ad <br /> information to track as leads. creation <br /> Collect all necessary data points to record an updated request for <br /> notice of default and sale. Data includes current first lender, the Deed <br /> of Trust instrument number, Title Company, and the APN. To collect <br /> One Time Generation & this information, Hello Housing will utilize its access to First American <br /> Recordation of Updated Title Company's proprietary database and conduct"Property Profiles" <br /> Requests for Notices of which include links to PDFs of all recorded documents on a property. $45 <br /> Default To collect the required information, generate a profile, review the Deed per file <br /> of Trust attachment and collect information from a scanned PDF. Once <br /> the necessary data has been collected, create each Request for Notice <br /> of Default, obtain signatures, notarize each document, and record with <br /> County Recorder's Office. Upon recordation, scan and save each notice <br /> of default and sale into Dropbox. <br /> Hello Housing recommends spending year one setting up the program <br /> Program Review& and partnership for success, e.g. organizing & digitizing files, entering <br /> Proposal of key details into HomeKeeper and increasing staff's familiarity with <br /> Improvements After program documents by completing a year of transactions. At the end of Hourly <br /> Year One year one, Hello Housing recommends a review of the program, <br /> comparing to industry best practices and to determine what's working <br /> and what needs improvements. <br /> FY 18/19 Professional Services Agreement-Hello Housing Page 9 of 10 <br />