What is an origination charge?
One amount that includes all charges (other than discount points) that all loan originators (lenders and brokers) involved in the transaction will receive for originating the loan. This includes any fees for application, processing, and underwriting service fees, and payments from the lender to the broker for origination.
Related Questions
- LOAN QUESTIONS IN 800 SERIES OF HUD-1 Question: If a borrower pays some of the origination charge prior to closing, how should it be disclosed on the HUD-1?
- What charges are part of the charge in Block 1 (zero tolerance) of the GFE, ‘Our origination charge’?
- Does Wright-Patt charge origination fees on mortgage loans?
