What portion of a loan origination fee does the mortgage broker keep?

A Loan Origination Fee is defined as: the points that you pay the lender for extending you a loan. A point equates to 1% of the mortgage loan balance; e.g., $ 100,000 at 2 points equals $ 2,000. My question is a mortgage broker usually gets paid based on the size of the loan and they are known as the originator… so why would the lender get this money if it is called a loan origination fee.. so confusing…

Register New Account
Reset Password