Definitions for "Document Preparation Fee"
There may be a separate, one-time fee that covers preparation of the final loan papers, including the note and the deed of trust. Often called “Points”, a loan document fee is a one-time charge used to adjust the yield on the loan market conditions demand. One point is equal to 1% of the loan amount.
A charge by the lender that is paid at closing for preparing all of the loan documents; only charged to the buyer on Conventional loans.
the fee charged by the lender for drawing loan documents