Friday, January 29, 2010

query: RESPA 2010 who pays the mortgage broker

The mortgage broker fees are part of the origination charge.  Lender and broker origination charges are lumped together.  The lender instructions to the title agent or attorney should spell out how much of that is to be remitted to the mortgage broker.

1 comment:

Diane Cipa said...

The title agent or closing attorney would cut the check to the mortgage broker unless instructed by the lender otherwise.