1,543,833
-
John Pusa
Glendale, CA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
5,230,130
Originating the loan, of course!
-
John Pusa
Glendale, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Kasey & John Boles
Boise, ID
2,781,173
for giving birth to the loan....there is a charge
-
Pete Xavier
Pacific Palisades, CA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
1,466,207
Fees to the lender for processing the loan.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
2,684,109
Commission to the loan originator.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
2,220,654
That's a great question for a Licensed Lender...
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,217,098
Yield and overhead
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Mary Yonkers
Erie, PA
809,258
2,182,552
5,104,931
I suggest you ask a lender how they determine fees to write a loan.
-
Michael Jacobs
Pasadena, CA
3,071,489
4,319,419
The lender feels that should charge at least something...
-
Nina Hollander, Broker
Charlotte, NC
3,988,007
It is one of the ways the lender gets paid. There are others.
-
Nina Hollander, Broker
Charlotte, NC
5,005,659
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
1,712,676
1,157,785
5,583,278
revenue for the lender/originator.....
-
Nina Hollander, Broker
Charlotte, NC
5,049,477
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.
6,393,609
1,076,551
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.
4,936,716
4,883,260
How the loan officer gets paid. We call it a commission they call it a fee.
321,564
1,502,998
3,345,091
4,572,439
Unless you are a lender, there's no reason to ask this question anonymously.
900,128
1,617,916
2,178,703
7,836,431
4,800,082
4,434,127
5,772,575
1,239,901
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