Lender Compensation. The compensation we will receive from the lender will be $ . Compensation received from the lender may not be based on the terms or conditions of your loan, such as your interest rate or loan program. Compensation will be calculated according to the terms of our agreement with the lender, which may provide for payment based on a percentage of your loan amount, the quality of the loans we have submitted to the lender in the past, or other factors that are permitted by applicable law. While our compensation may not be based on the terms of your loan, the interest rate on your loan may be higher than would be the case if you paid our compensation directly. At any time prior to closing, please feel free to ask us about other loan options that may be available to you.
Lender Compensation. The Lender’s compensation for a Mortgage Loan originated under the Program shall equal 2.25% of the principal amount of the Mortgage Loan, comprising a 1.00% origination fee (or 1.00% discount fee) received at Mortgage Loan origination plus a 1.25% servicing release fee (SRP) received from U.S. Bank Home Mortgage, as Program servicer (the “Servicer”), upon purchase of the Mortgage Loan. VA-guaranteed Mortgage Loans will be purchased by the Servicer with a 0.75% SRP, and therefore Lender compensation of 1.75% will obtain with respect to a VA-guaranteed Mortgage Loan under the Program. Conventional Mortgage Loans will be purchased by the Servicer with a 1.00% SRP, and therefore Lender compensation of 2.25% will obtain with respect to a Conventional Mortgage Loan under the Program.
Lender Compensation. The Lender’s gross compensation for mortgage loans originated under the Program shall not exceed 2.50% of the principal amount of the mortgage loans. Lender compensation assumes that the lender will collect a 1.00% origination fee as defined in the Administrator’s Guidelines and will be paid an additional servicing release premium of 1.50% for FHA and Xxxxxxx Mac HFA Advantage Mortgage Loans (1.00% for VA loans).
Lender Compensation. The Lender’s gross compensation for FHA and RD mortgage loans originated under the 2012 Program shall not exceed 2.75% of the principal amount of the mortgage loan (constituting a 1.00% origination fee and 1.75% paid upon purchase by the Master Servicer). VA loans will have gross compensation not to exceed 2.25%. Any Conventional Loans will have gross compensation not to exceed 2.75%.
Lender Compensation. LENDER shall be paid ten (10%) per cent of the net profit of the TCPG Divisions (the “Net Profit”) which shall be determined in accordance with GAAP by a certified public accountant retained by the COMPANY and shall further be subject to the following:
Lender Compensation. The compensation we will receive from the lender will be $ . Compensation received from the lender may not be based on the terms or conditions of your loan, such as your interest rate or loan program. Compensation will be calculated according to the terms of our agreement with the lender, which may provide for payment based on a percentage of your loan amount, the quality of the loans we have submitted to the lender in the past, or other factors that are permitted by applicable law. While our compensation may not be based on the terms of your loan, the interest rate on your loan may be higher than would be the case if you paid our compensation directly. At any time prior to closing, please feel free to ask us about other loan options that may be available to you. OTHER FEES AND CHARGES: OTHER SIGNIFICANT INFORMATION In addition to our compensation, you may also be obligated to pay other charges in connection with your loan that are not disclosed in this agreement. Estimates of such other charges are shown on the Good Faith Estimate/LE of settlement charges and are generally refundable prior to settlement only if the goods or services to which the costs relate have not been ordered unless applicable law requires otherwise. While we will make a good faith effort to process your loan application as expeditiously as possible, certain types of situations that are unknown to us at the time your application is taken could affect the processing of your loan application and the fees and charges you may be obligated to pay, including, but not limited to, the following:
Lender Compensation. The Lender’s compensation for Mortgage Loans originated under the Program shall equal 2.00% of the principal amount of the Mortgage Loans (constituting a 1.00% origination fee and 1.00% discount fee). There shall be no servicing release fee paid. VA Loans will be purchased at a 0.50% discount and, therefore, Lender compensation of 1.50% will obtain with respect to VA Loans under the Program.
Lender Compensation. The lenders whose loan products we distribute generally provide their loan products to us at a wholesale rate. The retail price we offer you will include our compensation. For example, if you would rather pay a lower interest rate, you may pay higher up-front points and fees. Also, if you would rather pay less up-front, you may pay all of our compensation indirectly through a higher interest rate in which case we will be paid directly by the lender. The cost of our services and/or compensation is not due unless, and until, the loan closes. We cannot receive compensation from both the borrower and the lender on the same transaction.
Lender Compensation. 47 Section 2.13 Indemnity................................................... 47 Section 2.14 Taxes ...................................................... 48 (a) Payment of Taxes Withheld From Amounts Payable ............. 48 (b) Lender Incorporation; Certifications ....................... 49 (c) Taxes Borne by Lender ...................................... 49 Section 2.15
Lender Compensation. Failure on the part of any Lender to demand compensation for any increased costs or reduction in amounts received or receivable or reduction in return on capital with respect to any period shall not constitute a waiver of such Lender's right to demand compensation with respect to such period or any other period; provided that the Lender makes demand therefor within one-hundred eighty (180) days after it first obtains knowledge of the specific right to, and the specific amount of, compensation in question. The protection of this Section 2.12 shall be available to any Lender regardless of any possible contention of the invalidity or inapplicability of the law, rule, regulation, guideline or other change or condition that has occurred or been imposed.
