Common use of Lender Compensation Clause in Contracts

Lender Compensation. The Lender’s compensation for a Mortgage Loan originated under the Program shall equal 2.25% of the principal amount of the Mortgage Loan, comprising a 1.00% origination fee (or 1.00% discount fee) received at Mortgage Loan origination plus a 1.25% servicing release fee (SRP) received from U.S. Bank Home Mortgage, as Program servicer (the “Servicer”), upon purchase of the Mortgage Loan. VA-guaranteed Mortgage Loans will be purchased by the Servicer with a 0.75% SRP, and therefore Lender compensation of 1.75% will obtain with respect to a VA-guaranteed Mortgage Loan under the Program. Conventional Mortgage Loans will be purchased by the Servicer with a 1.00% SRP, and therefore Lender compensation of 2.25% will obtain with respect to a Conventional Mortgage Loan under the Program.

Lender Compensation. The Lender’s compensation for a Mortgage Loan originated under the Program shall equal 2.25% of the principal amount of the Mortgage Loan, comprising a 1.00% origination fee (or 1.00% discount fee) received at Mortgage Loan origination plus a 1.25% servicing release fee (SRP) received from U.S. Bank Home Mortgage, as Program servicer (the “Servicer”), upon purchase of the Mortgage Loan. VA-guaranteed Mortgage Loans will be purchased by the Servicer with a 0.75% SRP, and therefore Lender compensation of 1.75% will obtain with respect to a VA-guaranteed Mortgage Loan under the Program. Conventional Mortgage Loans will be purchased by the Servicer with a 1.00% SRP, and therefore Lender compensation of 2.252.00% will obtain with respect to a Conventional Mortgage Loan under the Program.

Lender Compensation. The Lender’s compensation for a Mortgage Loan originated under the Program shall equal 2.252.75% of the principal amount of the Mortgage Loan, comprising a 1.000.5% origination fee (or 1.000.5% discount fee) received at Mortgage Loan origination plus a 1.252.25% servicing release fee (SRP) received from U.S. Bank Home Mortgage, as Program servicer (the “Servicer”), upon purchase of the Mortgage Loan. VA-guaranteed Mortgage Loans will be purchased by the Servicer with a 0.751.75% SRP, and therefore Lender compensation of 1.752.25% will obtain be obtained with respect to a VA-guaranteed Mortgage Loan under the Program. Conventional Mortgage Loans will be purchased by the Servicer with a 1.002.25% SRP, and therefore Lender compensation of 2.252.75% will obtain with respect to a Conventional Mortgage Loan under the Program.