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Origination Fee

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

A charge imposed by a lending institution or a bank for the service of processing a loan.

For example, a bank might charge an individual who has applied for a student loan an origination fee of one percent for processing the application and granting the loan.



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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.
65 percent, a $22,000 origination fee, and $2,230 in miscellaneous fees.
Highlights of the programme include attractive loan terms, no origination fees and attentive customer service.
 
 
 
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