What does origination fee mean?
Definitions for origination fee
orig·i·na·tion fee
This dictionary definitions page includes all the possible meanings, example usage and translations of the word origination fee.
Princeton's WordNet
origination feenoun
a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan
Wikipedia
Origination fee
An origination fee is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.An origination fee is typically a set amount for any account. However, an origination fee usually varies from 1.0% to 5.0% of a given loan amount, depending on whether the loan was originated in the prime or the subprime market. For example, an origination fee of 10% on a $10,000 loan is $1,000.Discount points are used to buy down the interest rates, temporarily or permanently. Origination fees and discount points are both items listed under lender-charges on the HUD-1 Settlement Statement. Regulation Z was enacted to protect buyers from abusive lending practicing with regards to origination fees and origination fees for mortgages can not be deducted.
ChatGPT
origination fee
An origination fee is a charge or fee a borrower pays to a lender or bank for processing a loan. It may include the costs of services such as processing a loan application, underwriting, and funding the loan. This fee is often expressed as a percentage of the total loan amount.
Wikidata
Origination fee
An origination fee, or activation fee, is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan. An activation fee is typically a set amount for any account. However, an origination fee usually varies from 0.5% to 2% of a given loan amount, depending on whether the loan was originated in the prime or the subprime market. For example, an origination fee of 2% on a $200,000 loan is $4,000. Discount points are used to buy down the interest rates, temporarily or permanently. Origination fees and discount points are both items listed under lender-charges on the HUD-1 Settlement Statement. Regulation Z was enacted to protect buyers from abusive lending practicing with regards to origination fees and origination fees for mortgages can not be deducted.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of origination fee in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of origination fee in Pythagorean Numerology is: 3
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"origination fee." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/origination+fee>.
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