What are the lender compensation guidelines and program fees?

TypeAmountService Provider
Loan Origination Fee - 1st MortgageUsual and CustomaryLender
Mortgage Company Compensation a/k/a Service Release Premium (SRP)Option 1A: Gift - 1.5%
Option 1B: Gift - 2.5%
Option 2: Amortizing 2nd Mortgage - 2.5%
Investor Funding Fee - 1st Mortgage$400.00Lender
Investor Tax Service Fee - 1st Mortgage$84.00Lender
Code Compliance Fee - 1st Mortgage$185.00 - Paid at ClosingHilltop Securities

Leave a Reply

Your email address will not be published. Required fields are marked *