Here is an overview of fees you can expect in "Section A: Origination Charges" for correspondent and brokered loans.
Correspondent Loans
UNDERWRITING FEE | PROCESSING FEE | ADMIN FEE |
$1,480 | $975 | $625 |
| Paid by Borrower | Paid by Borrower | Paid by Borrower |
Brokered Loans
UNDERWRITING FEE | PROCESSING FEE |
Varies by Lender | $1,200 |
Paid by Borrower | Can be charged to consumer as a 3rd party or will be deducted from branch/LO comp |
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