Referral fees

Referral fees

Payments made by service providers to other parties as quid pro quo for referring customers. For example, a title company provides something of value to a Realtor or lender for sending a customer who requires title insurance.

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Part of Speech: noun
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Blossary:
Industry/Domain: Banking
Category: Mortgage
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Related terms

referral fees

Banking; Mortgage

Payments made by service providers to other parties as quid pro quo for referring customers. For example, a title company provides something of value to a Realtor or lender for ...

fees

Business services; Public relations

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Any transaction costs incurred by you (e.g. commissions, trade processing fees, and SEC fees).

acceleration

Banking; Real estate; Mortgage; Mortgage

The right of the mortgagee (lender) to demand the immediate repayment of the mortgage loan balance upon the default of the mortgagor (borrower) or by using the right vested in the ...

Equity

Banking; Mortgage

The amount a home-owner would receive for a house with the mortgage not completely paid. Subtract the the amount left to pay on the owner's mortgage from current market value of a ...

indemnifiable tax

Banking; Mortgage

If such Tax is an Indemnifiable Tax, X will pay to Y, in addition to the payment to which Y is entitled under this Agreement, such additional amount as is necessary to ensure that ...

VA loan

Real estate; Mortgage

A loan made by a private lender that is partially guaranteed by the Veterans Administration.

adjustable-rate mortgage

Real estate; Mortgage

A mortgage in which the interest changes periodically, according to corresponding fluctuations in an index. All ARMs are tied to indexes.

acceleration clause

Real estate; Mortgage

A clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. The most common reasons for accelerating a loan are if the ...