Commitment Fee Buyout Option

As a result of the implementation of the Ability to Repay (ATR) and Qualified Mortgage (QM) provisions of the Dodd-Frank Act, HomeBridge will begin offering a new commitment fee buyout option.

The commitment fee buyout will offer an option to include the commitment fee or buy it out, which will provide brokers more flexibility to facilitate your client’s needs.

As previously announced in Bulletin 13-72, issued December 27, 2013, this option will be available on the HomeBridge rate sheet on January 10, 2014 (page 5 of the rate sheet).

The commitment fee buyout option is available on all HomeBridge loan programs.


The price adjustors are currently not available in the Broker Portal. Brokers choosing this option should lock the loan in the Broker Portal using normal procedures. Once the loan is locked, email the lock desk at locks@homebridge.com to request the applicable price adjustor be manually applied.

The lock desk will confirm, via email, the adjustment has been applied and the correct pricing will be reflected on your Rate Lock Commitment.

HomeBridge will notify brokers when the adjustors are available within the Broker Portal.

If you have any questions, please contact your Account Executive.