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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.
BREAKING DOWN 'Origination Fee'. An origination fee is similar to any commission-based payment. If a lender takes a 1% fee for originating a loan, they will make $1,000 on a $100,000 loan, or $2,000 on a $200,000 loan.It is likely that the fee rate would be negotiated lower for bigger loans in order to obtain the valuable business.REAKING DOWN 'Origination Fee'. An origination fee is similar to any commission-based payment. If a lender takes a 1% fee for originating a loan, they will make $1,000 on a $100,000 loan, or $2,000 on a $200,000 loan.