Introduction to Mortgage Origination Examinations Training

3/7/2025

Internal Use Only

Rate Lock Pricing & Terms

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

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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

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