loan origination fee

loan origination fee definition - business

loan origination fee

A charge by a lender to a borrower for the privilege of obtaining a loan. Origination fees are generally in the form of points that are paid up front in cash. Each point represents 1% of the amount borrowed. Also called mortgage discount, points. See also overage 3.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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