Definition of "Origination fee"

Charles E. Gray real estate agent
Charles E. Gray, Real Estate Agent Procomp Realtors

Same as term loan origination fee: The lender's charge to the borrower for administrative work when preparing the mortgage including credit checks, appraisal, and title expenses. For example, Sun Bank approved a $200,000 mortgage loan with a 2% loan origination fee resulting in a charge of $4,000.

 

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