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What is the difference between an Origination "Charge" and "Origination "Fee"?

Why am I being charged double for this? Is this typical? by cynthiaperry864 from Bapchule, Arizona. Aug 26th 2015 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,045 contributions

The government mandates that all "Origination Fee's" be grouped together under one section of the Good Faith Estimate labeled "Origination Charges" Underwriting fee is an origination fee.. processing fee is an origination fee.. all of these will be listed under "Origination Charges" (section A). More than likely, you're not getting double charged.. it's just they didn't identify each charge correctly.. If you would like, I can review your quote and help you understand it further.. and I maybe able to save you some money as well.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Aug 26th 2015
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Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

Typically you should not be double charged. There be an origination fee within the origination charges. Origination Charges is the combined fees that the lender will charge you to complete the loan. Where as an Origination fee is typically a single fee the lender is charging for a specific rate.

Aug 26th 2015
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Larry Goodrow (larry_goodrow@yahoo.com)
#1040 ranked lender in California - 20 contributions

They are basically the same as the origination charge is the total of points and any processing or underwriting fees. The origination fee is just the points if any or the lenders compensationI would be happy to review your papers as we offer some of the BEST RATES and programs anywhere and have been in business since 1983916-434-8915 or 408-892-3523

Aug 26th 2015
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 596 contributions

Origination Fees all fall under the section of Origination Charges. It should not be a double charge but just summarizing that section. There should not be a double charge from this.

Aug 26th 2015
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