[Rick Lee]

I read the entire post. Origination fee can be a lot of things. It's usually 1% of the loan amount, so $3k probably includes some other stuff that would be obvious in a GFE. I'd like to see a GFE before passing judgment. Again, title insurance rates are set by the state. The bank doesn't get to make up that number. It's $X per thousand of loan amount, though different in each state. If that $4k includes both lender's and owner's policies (actually, I'm not sure who's considered the lender and the owner in a reverse mortgage), she definitely does not need both of them. If I were buying the house for low money down, I'd only want a lender's policy (which they'd require too), since they'll go to bat for you on title issues because they have much more to lose, meaning you don't really need an owner's policy. If she already has one from the purchase, they may be able to get a reissue rate. But again, those roles may be reversed in a reverse mortgage. Is this in PA? PA has very high closing costs anyway, so you can expect it to be expensive.