Comments on: Loan Origination Fee on your GFE http://www.weissblog.com/2005/04/08/loan-origination-fee-on-your-gfe/?utm_source=rss&utm_medium=rss&utm_campaign=loan-origination-fee-on-your-gfe Welcome to my reality... Fri, 03 Feb 2012 21:20:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jweiss http://www.weissblog.com/2005/04/08/loan-origination-fee-on-your-gfe/comment-page-1/#comment-519 jweiss Sun, 07 Jun 2009 18:07:06 +0000 http://www.weissblog.com/wordpress/2005/04/08/loan-origination-fee-on-your-gfe/#comment-519 That's a very good question. Unfortunately, I don't know the answer. I assume (which I hate to do) that the L.O. is either on salary (unlikely) or getting paid on the back end, either by bumping the interest rate or through an arrangement with the lender. From the consumer's standpoint it's difficult to say how the L.O. is being paid. Of course, there's nothing wrong with just asking, tactfully of course. That’s a very good question. Unfortunately, I don’t know the answer. I assume (which I hate to do) that the L.O. is either on salary (unlikely) or getting paid on the back end, either by bumping the interest rate or through an arrangement with the lender. From the consumer’s standpoint it’s difficult to say how the L.O. is being paid. Of course, there’s nothing wrong with just asking, tactfully of course.

]]> By: Newbis http://www.weissblog.com/2005/04/08/loan-origination-fee-on-your-gfe/comment-page-1/#comment-518 Newbis Sun, 07 Jun 2009 13:46:01 +0000 http://www.weissblog.com/wordpress/2005/04/08/loan-origination-fee-on-your-gfe/#comment-518 So, if I get a GFE with line item 801 blank, how is the loan officer making their money? Clearly they're not working for free? Who is paying them? So, if I get a GFE with line item 801 blank, how is the loan officer making their money? Clearly they’re not working for free? Who is paying them?

]]> By: Mortgage Calculator http://www.weissblog.com/2005/04/08/loan-origination-fee-on-your-gfe/comment-page-1/#comment-3 Mortgage Calculator Sat, 09 Apr 2005 15:44:35 +0000 http://www.weissblog.com/wordpress/2005/04/08/loan-origination-fee-on-your-gfe/#comment-3 <strong>What is the Loan Origination Fee?</strong> This article contains a clear explanation of the Loan Origination Fee on your Good Faith Estimate form.... What is the Loan Origination Fee?

This article contains a clear explanation of the Loan Origination Fee on your Good Faith Estimate form….

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