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Q: Mortgage lending ( No Answer,   1 Comment )
Question  
Subject: Mortgage lending
Category: Business and Money
Asked by: artp6820-ga
List Price: $25.00
Posted: 30 Dec 2005 08:07 PST
Expires: 29 Jan 2006 08:07 PST
Question ID: 611295
What are all of the different ways that a home mortgage company can
generate revenue?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Mortgage lending
From: g_dana-ga on 03 Jan 2006 13:11 PST
 
Mortgage Companies can generate income in 3 ways - but the 3 ways
differ if you are a lender (underwrite and lend the money from your
own funds) or a broker - find the mortgage from another lender.

Either a broker or a lender can make money from fees (in my company,
underwriting and processing fees of $250, while other companies may
add application fees, lock fees, or various other fees) and from
charging points.

A broker will make their primary income from the lender they
originated the loan with. A lender will make their primary income from
selling the loan to Wall Street in the secondary market.

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