verb (used without object), prorated, prorating. 1. to make an arrangement on a basis of proportional distribution. verb (used with object), prorated, prorating. 2. to divide, distribute, or calculate proportionately. Origin of prorate.
Origination charge: The VA allows lenders to charge up to 1 percent of the loan amount to cover origination, processing and underwriting costs. They can choose to either charge you a flat 1 percent origination fee, or pick and choose among a host of fees, so long as they add up to no more than 1 percent.
No. If you are a loan originator organization and you charge an origination point or fee, the. entire amount of the point or fee must be paid entirely by the consumer or entirely out of funds. paid by the creditor, such as those generated from a higher interest rate.