Introduction to Mortgage Origination Examinations Training

3/7/2025

Internal Use Only

Rebate – What is a rebate?

A mortgage rebate (lender credit) is an incentive for taking out a mortgage at a certain rate or terms.

Example:

Par rate was 6.125% Borrower offered 6.375% and a credit toward closing costs

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Internal Use Only

Rate Lock Documentation

• Rate Lock Confirmation • Rate Sheet

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