What is an Origination Point?

Jon Shibley, President & CEO, Lenox Financial

With No Closing Cost - There's No Need!

I am just going to lay this out very quickly: Lenox Financial almost never has origination points. Why? Because usually our deals have no closing cost whatsoever.

Throughout the industry it is common to pay an origination point which is simply a percentage of the loan amount that goes into the pocket of the loan officer as a commission.