Finance
What is the purpose of a loan origination fee?
ATo pay the real estate broker's commission
BTo compensate the lender for processing and making the loan✓ Correct
CTo cover the cost of the title search
DTo pay for the property appraisal
Explanation
A loan origination fee (often expressed as points) compensates the lender for the cost of processing, underwriting, and funding the mortgage loan.
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