2 Thoughts on home loan who does the processing fee get paid to i know what its for i need to who pocket does it go in?
  1. Reply
    April 6, 2013 at 9:20 pm

    Lots of the fees go to the person that is processing your paperwork or to the Loan Co.

  2. Reply
    David Beasley
    April 6, 2013 at 9:59 pm

    Processors are the professionals who communicate with ALL the various parties (underwriters, lock desk, escrow, title, insurance agents, realtors, employers, asset/income/rent verifications) and get all your loan paperwork together in an organized way.

    Processing fees (at every mortgage broker shop I’ve worked at) go to the processor in the office who worked your loan through his/her payroll department for salary/bonus/etc.

    Best of luck!

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