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Origination is the process initiated by the mortgage broker or the mortgage lender where they will evaluate, process, and approve the borrower\u2019s mortgage application.\u00a0<\/b><\/p>
The mortgage lender or the mortgage broker charges a fee for the entire process of origination is called origination points.\u00a0<\/b><\/p>
The origination points vary from lender to lender and are negotiable.\u00a0<\/b><\/p>
These points are charged in percentage. Usually, the mortgage originator or the mortgage lender will charge one percent as the origination point.\u00a0<\/b><\/p>
However, this charge is completely negotiable and could vary from 0.5% to 1.5% depending on the complexity of the loan processing.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t