Finder's Fee

A finder's fee is a sum of money that gets paid to a broker (either by a lender or a borrower) in order for the introduction to someone who takes out a product such as a loan or a mortgage, or for generally passing on any sort of business to that lender.

For instance a company that generates and passes on leads for a mortgage product would usually have some sort of finders fee attached, which is like a commission for referring a good quality lead.

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