origination fee

Definition

A fee charged by a lender for processing a loan application, expressed as a percentage of the mortgage amount.

Use origination fee in a sentence

I wanted to know what the origination fee would be because I did not know if I could afford the cost of it.

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The origination fee was part of the agreement we had signed up for when we entered the relationship that required a loan.

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Saavy borrowers may attempt to avoid loans containing origination fees (unless the interest rate is very attractive), as they provide revenue to the lender, but no value to the borrower.

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temporary lender originating fee