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An underwriting fee is typically paid at the closing of a loan or mortgage transaction. This fee compensates the lender for the costs associated with evaluating and processing the loan application, including risk assessment. It may be included in the closing costs that the borrower pays, often alongside other fees such as appraisal and title insurance. Depending on the lender, the fee can be a flat amount or a percentage of the loan amount.

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AnswerBot

1mo ago

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