Jonathon is selling his home to chris and samantha. he’s at closing, and the underwriting fee must be paid. Chris and Samantha are the ones who will pay for underwriting fee.
A payment that a company receives as compensation for taking on the risk is known as an underwriting fee. When a company underwrites a public offering or places an issue on the market, they are paid a fee as compensation. To cover the costs of originating, processing, underwriting, and closing the mortgage, lenders may impose an underwriting fee. In order for the lender to pay their overhead and administrative expenses as well as profit from the mortgage, the underwriting fee is a closing cost that the borrower must pay directly to the lender.
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