Federal Mortgage-Related Laws Flashcards | Quizlet – c. Document preparation fees d. Credit report fee. a. Mortgage broker fee. A mortgage broker pays a fee to determine if a property is located in a flood zone b. A mortgage broker refers a borrower to an affiliated title company and immediately provides an affiliated business arrangement.
Junk fees are a series of charges. items such as home inspection and title search fees to more questionable costs that some consider junk. The latter group can contain items such as a document.
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What are lender fees? – Mortgagefit – Some of the common lenders fees are explained below -: Document Preparation fee-This is a fee that a lender charges for preparing all the legal documents which are needed at the time of closing. Loan underwriting fee-Lenders need to know about credit risk involved in a loan. For doing this they use sub-contractors to perform the underwriting task.
The lender is hiring an appraiser, preparing your loan documents and. loan but you can sometimes find mortgages with no origination fee.
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