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The origination fee is what the reverse mortgage lender earns on the loan. The FHA uses a formula to determine what the lender can charge. The formula is: 1  2% of the first $200,000 of the propertyâs value and 1% of the amount over $200,000. 2  A maximum of a $6,000 origination fee.
Go figure. In the example above, the loan origination charge is $1,840 on a $348,000 loan amount, which makes the fee roughly half a percentage point (.50%). This particular broker charged a $250 origination charge, a $695 processing fee, and an $895 underwriting fee, which combined make up the $1,840 total.Note that these fees are represented as one lump sum on the Good Faith Estimate, so ask for a breakdown to see what youâre actually being charged.he $1925 are bank fees are charged on every loan. They break down like this: Processing $650, Underwriting $675, and Admin $600. Back in the day, companies like us would charge all of those fees in addition to a 1% origination fee that would go to the loan officer.