Industry News

Net cost of real estate loan origination falls 26%

Study finds banks with largest volume had lowest costs
Published on Nov 10, 2004

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by CareyBot

On a per-loan basis, the net cost of originating a loan last year was $739, according to the Mortgage Bankers Association’s 2004 Cost Study. That’s 26 percent less than what it cost in 2002. The cost is calculated as the ...