1% what I charge for origination....normal, usual and customary on residential real estate. There may be hidden fees, the YSP was sometimes buried...
3% on Commercial Real Estate - not exorbitant for commercial - harder to place, harder to whatever......so they do have some reasons there, they work hard, HAH, the underwriter at the other end does reprocessing the file does. Don't I know.
Without review I can not tell you if there were hidden fees and if this guy/gal was a banker.....well SRP does not have to show on the final HUD-1 - only the Brokers have to disclose the YSP - SRP and YSP are related but not the same thing....well yes and no. It is all money that you pay in one fashion or another to obtain that "great" rate and product you got.
