OUR 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 - your interest rate, total points and fees - will include our compensation. In some cases, we will receive all of our compensation from you, to be paid in cash or from the loan proceeds at the time of settlement. In other cases, we will receive all of our compensation from the lender. You may be able to finance the payment of our compensation into your loan. In no circumstance will we be paid by both you and the lender for the same transaction. In this transaction our compensation will be [X] based upon the loan amount and payable at close. OR [ ] payable by you and due immediately prior to beginning the application process.
Appears in 2 contracts
Sources: Mortgage Loan Origination Agreement, Mortgage Loan Origination Agreement