PRE-APPLICATION DISCLOSURE AND FEE AGREEMENT FOR USE BY NEW YORK REGISTERED MORTGAGE BROKERS 2026

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The document is a Pre-Application Disclosure and Fee Agreement for use by registered mortgage brokers in New York. It outlines the services provided by the mortgage broker, including counseling on mortgage products and assistance with loan applications. The agreement details the fees associated with these services, including broker fees, application fees, and potential prepayment penalties. It emphasizes that the broker's role is advisory and administrative, clarifying that they do not make loans or guarantee acceptance into loan programs. The document also includes sections for acknowledging receipt of the agreement and provides contact information for inquiries.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your Company Name, Address, Telephone, and Fax in the designated fields at the top of the form.
In the disclosure section, read through the services offered by the mortgage broker. Ensure you understand each service listed before proceeding.
Fill out the Broker Fee section by checking the appropriate compensation method and entering any required percentages or amounts.
Complete the Application Questions section with your contact information for inquiries regarding your application.
If applicable, indicate designated lenders and private lenders by filling in their names as required.
Finally, ensure all fields are completed accurately before signing. Review for any blank spaces as this form should not be signed if incomplete.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a mortgage broker fee agreement?

1. In a transaction in which a broker is arranging a loan, a Mortgage Loan Disclosure Statement, Traditional (RE 882) or a Mortgage Loan Disclosure Statement (RE 883) must be provided within three days of receiving a completed, written loan application from prospective borrowers.

Do brokers charge for pre-approval?

The amount ranges from $1000 to the full commission fee. Some mortgage brokers will treat a pre-approval or conditional approval as revenue for their business, this is due to the fact that sometimes, settlement periods can be extended for months.

What is a pre-application and fee agreement?

Pre-application and Fee Agreement. A form used between mortgage brokers or mortgage bankers and a home buyer that provides certain disclosures prior to the application of a mortgage.

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