what is meant by lender-based loan fees in the mortgage analytics industry?

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    Jim
    May 4, 2011 at 12:51 am

    According to mortgage analytics firm Heitman Analytics:

    Lender-Based Loan Fees —

    Fees collected by banks and lending institutions to cover lender’s costs associated with originating the loan for the borrower. Unlike some loan fees over which a lender has no control, banks can set this fee at whatever they please, and thus compete to offer the best deal for potential borrowers.

    Learn more mortgage analytics lingo at http://blog.heitmananalytics.com

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