Broker Fees: Signature Realty & Mortgage negotiates fees on a case by case basis and rates are quoted at par pricing. Some of the criteria that goes into the determination of our fees are: Loan Amount, Credit History, Documentation Type, Borrower Participation, and Closing Time Frame. Typical Fees are as follows:
Origination Fee: Negotiated on case by case basis, but usually standard transactions require no upfront fees and are set at 1% of the loan transaction size.
Yield Spread Premium: The spread that the bank pays us to deliver a certain rate to the customer. This fee is always disclosed by Signature Realty & Mortgage, Inc. and the customer has the option to use the Yield Spread to pay for the origination fee to keep up-front costs lower. This is worked out on a case by case basis with the customer to determine if it makes more sense to pay the origination fee, the Yield Spread Premium fee or a combination of the two.
Consulting Fee: Available on a case by case basis. Usually if a transaction is not emanate, arrangements can me made to charge a non-refundable consulting fee, plus travel and expenses for a predermind scope of work. If a transaction evolves, we tipically credit back the non-refundable consulting fee.
Fixed Fee: Available on a case by case basis, as are houry rates for consulting and professional services.