Enter Zip, City, or County... i.e. orange,NY or 90019
Search Method:    regular time edocs

Resources > Glossary > Finder's Fee

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

0-9  A  B  C  D  E  [F]  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  
Common Terms 1   Common Terms 2

Finder's Fee

Function: noun

Definition 1:
In a mortgage context, a finder's fee is a fee or commission paid to a mortgage broker for finding a mortgage loan for a prospective borrower. A finders fee would generally be classified as compensation given to an intermediary in a business transaction. Fee splitting is another common way to arrange a finder's fee. If a practitioner in one field, refers a client or clients to another practitioner with a particular specialty, the specialist might give the referring practitioner a percentage of the income derived from the client as a finder's fee.

Thesaurus / Related Terms