Exam MLO Topic 1 Question 63 Discussion

Actual exam question for NMLS's MLO exam
Question #: 63
Topic #: 1
Which of the following is an origination fee?

Suggested Answer: B Vote an answer

An underwriting fee is considered an origination fee because it is a charge for the lender's services in processing and evaluating the mortgage application. Origination fees include any fees associated with creating and underwriting the loan.
* Appraisal fees (A), title insurance fees (C), and prepaid interest fees (D) are not considered origination fees; they are separate charges related to third-party services or pre-paid interest.
References:
* TILA-RESPA Integrated Disclosure Rule (TRID)
* CFPB Mortgage Origination Fee Guidelines

by Marico at Jan 31, 2025, 10:27 PM

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