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