As with a forward or traditional mortgage a servicing fee is something that is universal regardless of what lender you use. With a forward mortgage it is generally automatically deducted from the balance, so some people do not even realize they have paid it. With a reverse mortgage the total for the servicing fee (based on the estimation that you live to be 100 and keep the loan for the span of your life) is deducted. You DO NOT pay this fee out of your pocket every month. It is automatically deducted.