Based on the post: Mortgage preapproval necessary? Borrowers often want a pre-approval so they can make offers or bid at auction with confidence. The problem from a brokers perspective is that most pre-approvals expire before people find a property, indeed many people never execute a pre-approval. This costs brokers and lenders a significant amount of money and time getting the pre-approval completed without any remuneration. I've been thinking about charging a fee for pre-approvals, I'm guessing $500. This wouldn't cover the brokers costs of obtaining the pre-approval, but it would give borrowers an incentive to actually find a property. Some caveats on the idea: * Probably wouldn't charge for a pre-approval where the client has engaged a buyers agent. Almost all pre-approvals are executed when there's a BA involved. * The 110% of the fee would be refundable or donated to a charity in the event that a purchase is made. * If the pre-approval fails for any reason, the money would be refunded. * Its worth noting that most pre-approvals expire after 90 days. The poll has some ideas I've come up with.