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Origination Fee |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| It also cuts subsidies for student loan lenders and hikes student loan origination fees in the near term, before cutting rates over the long term. GoLoan, the online mortgage services company designed to allow residential real estate brokers and their sales representatives to reap loan origination fees in addition to their normal sales commissions, reported an 82% increase in the number of brokers signing up for its services over the same two-month period in 2001. Loan origination fees, which could amount to an additional point or more. |
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