Definitions for "Origination fee"
Keywords:  disburses, stafford, offset, ffelp, fee
This fee covers the administrative costs of processing the loan. Often expressed as a percentage of the loan. Each "point" is equal to 1% of the mortgage loan amount. For example, if you get a mortgage loan for $100,000, one point is equal to 1% of $100,000 or $1000. Generally the buyer pays this fee unless other arrangements have been made with the seller and written into the sales contract. Discount Points can also be used to pay this fee.
A fee charged by a lender for expenses incurred in the evaluation and documentation of a loan.
A loan processing fee paid to the lender. The fee is expressed in the form of "points." One point equals 1% of the mortgage.
Is the cost for initiating a mortgage. Some use the term more broadly. Here, it would refer to the process of considering a mortgage application.
Keywords:  total, paid, closing, points, borrower
Refers to the total number of points paid by a borrower at closing.