origination fee
Lender's processing cost
An origination fee is a charge from a lender for processing a new loan, typically calculated as a percentage of the loan amount.
Mortgage and student loan origination fees cover underwriting, credit checks, and administrative costs: The origination fee added two thousand dollars to our closing costs.
Some lenders advertise "no origination fee" loans but build the cost into higher interest rates.
- loan estimateMortgage cost summary document
- good faith estimateSincere preliminary cost projection
- underwritingRisk evaluation and acceptance
- pointsUnits of tally
- lenderOne who loans money
mortgage · broker · upfront · out of pocket · percentage · APR · borrower · application · financing · credit · banking · paperwork · fine print · disbursement · transaction · commission · charge · administrative
origination feeprepayment penalty
Fee for accelerated loan closure
exit fee · early termination fee · balloon payment · closing costs · annual fee
origination feeprincipal
Chief school administrator
interest · interest payments · principal balance · interest payment
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