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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Launched in April, the Student Loan for Parents offers borrowers an attractive alternative to the William D Ford Direct PLUS Loan program by providing no origination fees which can save borrowers an average of USD627 every year simply by avoiding the Federal Direct PLUS Loan's annual origination fee.
The local bank charged a 1 percent origination fee and the loan is on a 20-year amortization schedule.
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.
Origination fee charges on Stafford loans will be gradually reduced beginning with loans made on or after July 1 of this year.
Sallie Mae, the largest provider of college loans, announced it will pay the 3 percent origination fee on all Stafford Loans it makes during the 2006-2007 academic year.
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.
90 percent and come with a 4 percent origination fee.
loan type); 4) an origination fee or charge from someone other than the consumer, so long as the fee does not vary based on the terms of the loan (other than the amount of the principal), the originator receives no compensation from the consumer and the consumer otherwise does not make an upfront payment for origination fees.
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.