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Updated almost 12 years ago,

Sean Dezoysa's profile image
Sean Dezoysa's profile image
Sean Dezoysa
  • Investor
  • from Toledo, Ohio
  • Member since Dec 6, 2012
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User Stats

292
Posts
34
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Sean Dezoysa's profile image
Sean Dezoysa's profile image
Sean Dezoysa
  • Investor
  • from Toledo, Ohio
  • Member since Dec 6, 2012
Connect
Sean Dezoysa
  • Investor
  • Toledo, OH
34
Votes |
292
Posts
Private Lending & Conventional Mortgage Advice

Is this a fair fee to charge for loan origination?

Sean Dezoysa
  • Investor
  • Toledo, OH
Posted

Here's the scenario: A private lender is seeking a mortgage company to handle loan origination for his loans. The private lender has his own list of lendee's, so the ONLY activity the mortgage company handles is the origination.

What's a fair fee to pay for just origination? I've received a quote for 1% + $500.

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