During the initial interview I explain to the client that the lending partner charges an administrative fee and at the time of the loan closing I point out the fee once again to the client. I let the client know that this fee is for the bank servicing the loan.
----- Original Message -----
Sent: Wednesday, August 27, 2003 1:46 PM
Subject: [WTW] Application Fee (posted on behalf of Bob Sukel)

For those of you who collect an application fee, how do you disclose it to the client ON the Loan Note (whether booked by the lending partner or in house)? Also, how are other fees disclosed (title, lien, etc)?
 
THANX !
 
Robert M. Sukel
Ways to Work Program Manager
Family Services
212 E Exchange Street
Akron OH 44304
(330) 376-9494 Ext. #214

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