Question 1

When is the processing fee paid?

Accepted Answer

At closing! The loan must be successfully closed and funded for us to receive our fee.

Question 2

Who pays the processing fee?

Accepted Answer

The borrower! The processing fee charged by a third-party loan processor is considered a non-shoppable fee because the borrower does not have the ability to select or shop for the loan processor directly. As such, it is typically disclosed in Section B of the Loan Estimate under "Services You Cannot Shop For." This section includes fees that are required for the mortgage transaction but are not subject to being shopped or selected by the borrower.

IMPORTANT: Please make sure to include our flat-rate processing fee within your original Loan Estimate if you plan to submit your loan to us for processing.

Question 3

Is the processing fee included in the QM Points & Fees Calculation?

Accepted Answer

No. As a bona fide third-party, you do not include our processing fee within your Points & Fees calculation to determine its QM loan status.

Expedite your loan process

$995

flat fee

for any mortgage

Clear-to-Close
with expedited loan processing

Expedite your loan process

$995

flat fee

for any mortgage

Clear-to-Close with expedited loan processing

Clear-to-Close
with expedited loan processing