Fee charged by a lender for processing a loan, usually expressed as a percentage of the loan (or points), which pays for the work in evaluating
and processing the loan.
Thank you thank you, thank you. You saved our project and our
sanity. We stood to lose a $925,000 deposit. You not only saved it for us, but enabled us to
move forward, complete the project, and make a profit - and in this market, that's really
saying a lot. You have our loyalty from here on.