Loan Estimate Fee Placement Chart - Items in RED Are Prepaid Finance Charge
Loan Estimate Fee Placement Chart - Items in RED are Prepaid Finance Charge
NOTE: Most* Fees need to be rounded to the nearest dollar; Percentages need to have at least 2 decimal
places. All legal fees must have the heading “Title”. All fees must be alphabetized.
Section A: Origination Charges
All are Zero Tolerance
______
Administration Fee
Application Fee
Commitment Fee (NC)
Construction Administration Fee (CP and Reno Loans
Discount Points
Escrow Waiver Fee
Extended Lock Fee
Loan Origination Fee
Lock Extension Fee
Mortgage Broker Fee
BP Originator Compensation
Processing Fe
Rate Lock Fee
Underwriting Fee
Verification Fee
Wire Transfer Fee
Note: LP Compensation only shows on CD
Section B: Services You Cannot Shop For
All are Zero Tolerance
______
Appraisal Fee
Appraisal Field Review
Appraisal Waiver Fee - PIW
Bond Admin Fee
Condo Certification/Questionnaire
Credit Report
Final Inspection
Flood Certification
Lenders Inspection Fee – Reno loans
Mortgage Insurance Premiums (single/UFMIP)
Subordination Fee
Tax Service Fee
VA Funding Fee
CP and Reno Fees for services completed post closing(Title, Recerts, Inspections)
Section C: Services You Can Shop For
10% Tolerance if borrower chooses lenders vendor – Not subject if borrower chooses own vender
______
Pest inspection
Septic Inspection
Survey
Title-Attorney Fees
Title-Closing/Escrow Fee
Title-Courier Fee
Title-Document Preparation Fee
Title-ICL or CPL
Title-Lenders Title Insurance
(cannot be discounted)
Title-Notary Fees
Title-Post Closing Fee
Title-Title Binder
Title-Title Examination
Title-Title Search
Well Inspection
Section E: Taxes and Other Government Fees
All are Zero Tolerance
______
City/County Tax Stamps
County Transfer Tax
Deed Recording
FL Doc Stamps
GRMA (GA Loans)
Mortgage Recording
Release Recording
State Tax Stamps
Note: Seller required fees only show on CD
Section F: Prepaid Items
*Property Taxes are Zero Tolerance – all others are not subject to tolerance
*Fees cannot be rounded
______
Condo HO-6 Insurance
Flood Insurance
Ground Insurance
Hazard Insurance
Homeowners Association Dues
Mortgage Insurance Premium
Other Tax Expense
Per-Diem Interest
Property Taxes*
School Taxes
Windstorm Insurance
Section G: Initial Escrow Payment at Closing
Not subject to any tolerance *Fees cannot be rounded
______
Aggregate Adjustment
Condo HO-6 Insurance Reserves
Flood Insurance Reserves
Ground Rent Reserves
Mortgage Insurance Reserves
Other Tax Expense Reserves
Property Tax Reserves
School Tax Reserves
Windstorm Insurance Reserves
Section H: Other (Fees not required by lender)
Not subject to any tolerance
______
Condo Dues
Contractual Obligations
HOA Monthly Fees
Home Inspection
Home Warranty
Personal Property Purchase
Real Estate Commission
Realty Admin Fee
Short Sale Fee
Title-Owners Title Insurance
Section J: Total Closing Cost
______
Lump Sum Lender Credits (not itemized by fee)
Note: There is no lender credit for LPC to show on LE or CD