Definition of origination fee in English:

origination fee

noun

Finance
  • A fee charged by a lender on entering into a loan agreement to cover the cost of processing the loan.

    • ‘If it's higher than what you were promised, the bank may have slipped in an origination fee or given you a higher interest rate.’
    • ‘The bill calls for the gradual reduction in loan origination fees, eventually paring down the fees to one percent.’
    • ‘We eliminated the origination fee for our graduate students.’
    • ‘Lenders make less money from service and origination fees than they do on interest income.’
    • ‘Well, there's a 2 percent mortgage insurance premium, and a 2 percent origination fee.’