Final answer:
The fees associated with the origination and processing of a mortgage are known as closing costs, which encompass various fees incurred during the finalization of a property purchase.
Step-by-step explanation:
The fees associated with originating and processing a mortgage are called closing costs. Closing costs include a variety of fees, such as loan origination fees, appraisal fees, title insurance, and other charges that are incurred when finalizing the purchase of a property. It's important to budget for these costs when planning to buy a home as they can significantly add to the overall expense of acquiring a mortgage.