1,553,094
-
John Pusa
Glendale, CA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
5,253,985
Originating the loan, of course!
-
John Pusa
Glendale, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Kasey & John Boles
Boise, ID
2,784,566
for giving birth to the loan....there is a charge
-
Pete Xavier
Pacific Palisades, CA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
1,466,257
Fees to the lender for processing the loan.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
2,684,569
Commission to the loan originator.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
2,221,377
That's a great question for a Licensed Lender...
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,238,990
Yield and overhead
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Mary Yonkers
Erie, PA
809,258
2,191,738
5,112,421
I suggest you ask a lender how they determine fees to write a loan.
-
Michael Jacobs
Pasadena, CA
3,071,489
4,319,773
The lender feels that should charge at least something...
-
Nina Hollander, Broker
Charlotte, NC
3,988,013
It is one of the ways the lender gets paid. There are others.
-
Nina Hollander, Broker
Charlotte, NC
5,026,868
The lender does not do a loan for free..it's the fees for the lender to process the loan.
-
Nina Hollander, Broker
Charlotte, NC
1,712,776
1,157,791
5,583,328
revenue for the lender/originator.....
-
Nina Hollander, Broker
Charlotte, NC
5,060,488
I would ask a lender to explain what they are for
-
Nina Hollander, Broker
Charlotte, NC
1,231,853
$$$$ for mortgage broker/lender
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,045,440
Fees to the lender for processing the loan. You can also consider them simply to be upfront interest.
6,417,184
1,077,981
For Origination of a Loan.
Ok, fine, I'll play nice: In today's world, "origination fees" encompass all lender charges, with the exception of 3rd party services and true discount points. These costs can include underwriting, processing, admin, etc, but are generally lender compensation for originating and getting the mortgage loan to the closing table.
4,960,420
4,900,966
How the loan officer gets paid. We call it a commission they call it a fee.
321,564
1,506,013
3,349,369
4,582,148
Unless you are a lender, there's no reason to ask this question anonymously.
902,038
1,617,916
2,187,587
7,863,162
4,800,132
4,434,177
5,772,575
1,241,754
3,416,038
A lender earns money two main ways, called points which say you can pay 2 points for the lowest interest rate, 1 point for an average rate or no points for a higher rate. The lender also earns money on the rate you are charged. the higher the rate, the more they earn on what is said to be the back of the loan.
1,525,616