Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

Rate Lock Pricing & Terms

• At, below, or above Par • Rebate vs. Discount • Loan Level Price Adjustments (LLPAs)

Internal Use Only

Loan Level Pricing Adjustment (LLPA) – What is an LLPA?

An LLPA is a fee that lenders charge borrowers to account for the risk based on various factors