WHAT IS YSP? BROUGHT TO YOU BY UNITED HOME MORTGAGE CENTER & Nicky Chambless

What is the Yield Spread Premium? If your loan officer is receiving a yield spread premium (YSP), a commission paid directly by the lender to your representative, this fee will be disclosed on your settlement statement at closing. YSPs are a controversial matter because: •Lenders say if borrowers are happy with the terms, the fact the loan officerreceives a bonus is not relevant. •Borrowers say if the loan officer did not receive a YSP bonus, the loan would have cost less. •You should negotiate upfront; at closing is too late.