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origination fee - A fee paid to a lender for processing a loan application. The origination fee is stated in the form of points. One point is 1 percent of the mortgage amount. This fee varies wildly from lender to lender. Make sure you know what this is when comparing mortgages. Also check out Mr. Thifty's Guide to Shopping for a MortgageAbout Mr. Thrifty: Mr. Thirfty's goal is to help others make the most out of their financial resources through education, suggestions and humor. If you like what you see, tell your friends about Mr. Thrifty!
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