Lender trying to cut my fee at closing — anyone dealt with this?

Denise, this is absolutely not ok and it's a red flag about that lender. A reputable lender does not renegotiate broker fees at closing. Your fee agreement is between you and the borrower, and the lender has no standing to reduce it. What you should do: 1. Have your fee agreement in writing before submitting any deal 2. Make sure the lender's term sheet or commitment letter references your fee 3. If they try to reduce it at closing, refuse to sign off until it's corrected 4. If they push, tell them you'll be sharing this experience with your broker network I would not work with that lender again.

Get everything in writing upfront. This is why.

ugh this is so gross. which lender?? dm me so i know to avoid them

I've had this happen once in 20 years. I walked away from the deal. Sent a note to the lender explaining why. They called me back within an hour and honored the original fee. Sometimes you have to be willing to walk.

thank you everyone. going to get everything in writing from now on and i'm done with this lender. frank — that's really helpful to know it's not just me experiencing this