How much does a mortgage company make?

[John Harris]

On a $100,000 loan for example, what is typical. Including origination, broker fees, and yield spread? I know every loan is different but what is the average or usual?

[N/A N/A]

Hi Jharris, I am a loan officer.. broker fees as Ezloanz
has explained can vary in fees.. I do agree with 4.5% being excessive
however keep in mind real estate agents are making anywhere between 3 - 6 percentage points.. and in my opinion do a lot less work..

I say this because everyone wants to haggle a broker fees..
but very few individuals challenge the realtor fees..
on purchase transactions that is another area you can be saving money..
as Ezloans mentioned if their is no broker involved you better belive the lender is still making a direct cut off the yeild..

keep in mind they are getting rates directly from the federal reserve
at rates lower then par! again no one ever questions them..
just fyi..

A good broker is valuable over any 1 lender.. because we have access
to hundreds of lender with different programs more suitable to a scenario.. it takes time and work that is well worth what we get paid..