assessments of a home's value are required for every mortgage, and they set the parameters on a loan. ... A lot of people are upside down on their loans, and they can't refinance without a ... to inflating the numbers, and bad appraisals lead to bad loans ... Fort Worth Star-Telegram - ... This is also perhaps why mortgage brokers charge high for closing fees. A percentage of the closing fee you pay on a mortgage goes to the mortgage broker's personal funds. This, along with a few more fees, stands as their salary.