Mortgage originators may generate income from mortgage activity ________.

Name: Mortgage originators may generate income from mortgage activity ________.
Brand: Quizplus
Rating: 4.9 (63 reviews)

Question

Quizplus · Accepted Answer

Mortgage originators typically charge fees for their services, such as application fees and processing fees. It is also common for originators to charge an origination fee, which is a percentage of the loan amount. It is not typical for originators to sell a mortgage for less than it cost to originate, as this would result in a loss of income.

Mortgage Originators May Generate Income from Mortgage Activity ________