An origination fee is a charge or fee that a lender or a financial institution may ask for when giving you a loan. It's the cost for them to process and approve your loan application. Full definition
No lender fee, no loan origination fee loans available, but at higher rates. (mnhomesandloans.com)
They include origination fees charged by lenders, among other fees; plus, the cost of appraisals and home inspection services. (themortgagereports.com)
Loan origination fees for mortgages typically range from 0.5 % to 1 % of the total loan amount, depending on the borrower's credit score and the loan's term length and size. (valuepenguin.com)