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Origination Fee
(redirected from origination fees)

   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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TruHome Solutions LLC has announced a 20 basis point discount off its mortgage origination fees for all loans funded in September and October.
Highlights of the programme include attractive loan terms, no origination fees and attentive customer service.
But with the new law, origination fees are reduced to 2% on the initial $200,000 and 1% on the remaining balance, with a cap of $6,000.
 
 
 
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