What are the lender compensation guidelines and program fees?

TypeAmountService Provider
Loan Origination FeeUsual and CustomaryLender
Mortgage Company Compensation a/k/a Service Release Premium (SRP)Option 1A: Gift - 1.5%
Option 1B: Gift - 2.5%
Option 2: Hybrid Gift + 2nd Mortgage - 2.0%
Investor Fee Funding Fee$400.00Lender
Investor Tax Service Fee$84.00Lender
Code Compliance Fee$185.00 - Paid at ClosingHilltop Securities

Leave a Reply

Your email address will not be published.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