Pearl Deal, Back To The Old Ways? - Page 6
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  1. #126
    Senior Member Reputation points: 903 Scott Williams's Avatar
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    These fees are where the lawyers are going to crack into our industry. Title companies started adding all these junk fees during the mortgage boom years ago and the class action lawyers picked up on it. Class action lawsuits against those title companies. You have to justify the amount of fees verse the actual work involved with that fee. A judge will rule against a funder who charges a $300 wire fee when it only cost $15.

  2. #127
    Senior Member Reputation points: 99426
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    Quote Originally Posted by mcaguru View Post
    Guys it was 299.00. For a fact!! I would be happy to show everyone. After the weekend but need to block name of merchant.
    Plus the ACH fee, the risk fee, the underwriting fee and the UCC fee. Don't play dumb Marcus. Those are ALL origination fees no matter what you call it.

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