Get easy to understand definitions for common mortgage terms from the Mortgage Insider. In our glossary, we define the word, tell you about in industry usage, and usually give an example so you can fully and easily understand not just the meaning but the function of the word.
Origination Fee
Origination Fee Defined
An origination fee is a fee paid to the company that originated your loan. Origination is the beginning of your loan. It is the service provided for qualifying you, finding the right loan product, and locking a rate.
A bank or a broker can charge an origination fee. The [...]
