Mortgage Lender Charging For Credit Check

[Danny Ferrari]

Hello! New investor here 👋🏻

Is it standard practice for a lender to charge for a credit check? Currently being charged $40 for a "credit report payment authorization".

[Michael Dumler]

@Danny Ferrari yes this is standard. The credit check fee, however, should be the only fee that the lender chrarges if you are obtaining a loan estimate. If there are any other fees that the lender included, those are the one's I'd be questioning. Hope this helps!