Information about the Funding Fee and how to mark exempt.
- If a loan is created on/after Jan 7th, 2020, LendingPad will automatically apply the default “Funding Fee” based on the loan data.
- On the overview > terms and mortgage
- Click edit on the Terms and Mortgage
- enter 0 in the Funding Fee percent field
- Click Save
- If you are using the 2025 UI version there is a toggle for exempt in the Loan and Property section > Terms and Mortgage.