What is a typical mortgage broker fee

[Hunter Estess]

What is a typical mortgage brokers fee for finding the lender? Do they ever have a declining % structure? I would think a small deal would not have the same % fee as a large deal.

[Chris Mason]

Originally posted by @Hunter Estess:

What is a typical mortgage brokers fee for finding the lender?
Do they ever have a declining % structure?

I would think a small deal would not have the same % fee as a large deal.

 It depends. Some wholesale rate sheets have broker's compensation built right into it, meaning it happens on the back and and you will never see it, also meaning there's no real way for you to know if your broker picked the lender with the lowest rate for your scenario, or the lender that paid her or him the most. 

The most recent subprime lender to hit me up for business had right on their little submission worksheet "how much do you want to pay yourself?" and that number is charged to the borrower as discount points. If a borrower read that discount point number on the loan estimate and then google'd what a discount point is they would think that they are buying the rate down, not paying the broker. (Reason #145224 why I don't do subprime)