Blog Articles from Allegiant Mortgage, LLC

What Kind of Fee Are Involved with a Mortgage Loan?

March 15th, 2015 8:24 PM by Rose Tignor

A mortgage loan often involves many fees, such as:  lender’s origination or underwriting fees, broker fees, and fees for services the lender requires to originate your loan. In addition, other settlement costs are required, such as initial escrow payments if you establish an escrow or impound account, taxes, government fees, recording charges, and title insurance fees. 

What is an origination fee?

An origination fee is what the lender or mortgage broker charges the borrower for making the mortgage loan. Origination services include taking and processing your loan application, underwriting and funding the loan, and other administrative services. Origination charges are listed in Block 1 on the Good Faith Estimate (and Line 801 of the settlement statement), and generally cannot increase at closing.  This charge is the biggest difference between a broker GFE and a lender GFE. 

If you need help with your new mortgage, call Allegiant Mortgage, LLC today!

Posted by Rose Tignor on March 15th, 2015 8:24 PM


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