Origination fee and processing fee

[Ryan Bergren]

I am new to really being able to analyzing different loan products and finding the best lender but this lender was recommended from other investors and property managers. I am under contract on a 3 flat and the loan was sent for review and to sign today 

25% down, 30 year fixed conventional, Loan amount $341,250

Rate: US treasury 5yr +3.2% margin so right now its 7.35% but can increase as the fed continues to increase until loan is fully approved

Pre payment penalty: 5% penalty at year 1 dropping 1% a year for 5 years can pay down 20% principal per year without penalty

Origination fee: 1.5%

Process fee $1500

Those are the big numbers but the origination fee seems a bit high especially when there is also a processing fee which my understanding of an origination fee is to cover the work of the lender. 

I'd appreciate any thoughts. I will go back to the lender I had for my first closing this past month and see if they have a license in my state to see if I can pull a quick quote from them.