Broker Fees: The Processing Fee is $550 and the Credit report is $20.00. A loan origination fee is always optional.
If I am referring a home buyer to a Realtor, there is no loan origination fee, as long as minimum levels are met, in terms of sales price and commission amount to the Realtor.
For a refinance, my clients always have a choice whether to accept a higher rate and have the lender provide my fee, or pay an origination fee and receive the Wholesale Rate. If the client wishes to pay an origination fee, I have published my fee schedule on my website.
Processing Fee: $550. This includes both a first and a second with the same lender. This is paid to an outside 3rd party.
Lender Fees: Lenders charge underwriting fees, tax service fees, and flood certification fees. These are always disclosed to you upfront and listed on the Good Faith Estimate. They range from $800 to $950, depending on the lender.
Appraisal Fee: Typically $350 - $375.
Yield Spread Premium: The Yield Spread Premium is compensation given to the Mortgage Broker when a Mortgage Broker delivers a "Retail Rate." There is no YSP on a purchase when I refer the buyer to a Realtor. I am able to pass on a Wholesale Rate.
For a refinance, my clients always have a choice whether to accept a higher rate and have the lender provide my fee, or pay an origination fee and receive the wholesale rate.