How to Record Mortgage Origination Fees
Accounting for fees earned from structuring and processing bespoke mortgage loans for high-net-worth individuals.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash or Client Settlement Account | Debit | 2,500.00 | - |
| Mortgage Origination Revenue | Credit | - | 2,500.00 |
💡 Accountant's Note
Mortgage origination fees are recognized when the loan agreement is signed and the fee is drawn from the client account or paid upfront.
Practitioner & Systems Framework
💻 ERP Architecture
Automate posting via the credit module upon loan facility activation.
⚠️ Audit Flags
Discrepancies between loan offer letters and ledger entries.
📄 Required Documentation
Signed loan offer letter and fee schedule disclosure.
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Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.
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Discussion & Community Questions
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