origination fee


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origination fee

n.
A fee charged by a lender to a borrower on initiation of a loan, often as a percentage of the total principal.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.origination fee - a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan
fee - a fixed charge for a privilege or for professional services
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References in periodicals archive ?
The local bank charged a 1 percent origination fee and the loan is on a 20-year amortization schedule.
For this limited time promotion, PenFed has removed the origination fee on its VA 15-Year and 30-Year Fixed mortgages for home purchases and refinances.
switching to a business model where we only charge a flat fee for origination would force us to arrive at an average origination fee for all loans.
If the loan origination fee is imposed for the use of money (rather than for property or services), the fee creates or increases the OID on the loan.
Also, for a limited time, Cal Fed has special offers for all its CalCPA business customers, including three months of free business checking, $50 off your first order of business checks and no loan origination fee on business loans of less than $100,000.
625% with the prepayment of two points and one loan origination fee.
CUSO Representing Over 100 Credit Unions Announces New Private Student Loan Offering without Origination Fee
34 percent with one-eighth of a point and no origination fee.
91, Accounting for Nonrefundable Fees and Costs Associated with Originating or Acquiring Loans and Initial Direct Costs of Leases) and may charge cardholders an origination fee in connection with the issuance of a credit card and periodic renewal fees for the continued extension of credit card privileges.
As an example of the origination fee savings value, a $150,000 mortgage origination will save a credit union $300 to originate through TruHome, the CUSO said.
Origination Fee Drop, Loan Limit Increases Could Mean Significant Cost Savings to Borrowers
This normally includes on origination fee, discount points, title insurance, survey, attorney's fee, end such prepaid items as taxes end insurance escrow payments.