Fees, Closing Costs, & Cash to Close
Fees, Closing Costs, & Cash to Close
Where do I go to see fees, closings costs, and cash to close?
In the “Closing Costs” tab in Command Center
What is the $1,250 cost to originate (pass-through fee)?
The $1,250 cost to originate is a pass-through fee that covers the full cost of originating the loan. This includes expenses such as Plaid, Truv, credit reports, underwriting, processing, closing, and post-closing, and also covers the costs of unfunded loans.
This fee can be disclosed in different ways but it is most commonly listed as an underwriting fee.
Are there tax service, MERS, or flood certification fees?
There are no tax service or MERS fees. The flood certification fee is $9.