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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Best Efforts Delivery Commitment

A mortgage industry loan sales agreement in which a seller commits to deliver an individual mortgage loan of a specified principal amount and quality to an investor. The seller makes his best effort to deliver the loan to the investor prior to the commitment expiration date. Failure to deliver the loan may or may not result in a "pair-off" fee.

See Mandatory Delivery Commitment
See Mortgage Correspondent Lending and Loan Production
See Mortgage Industry Seller Pull-through Overview
See Pair-off Fee

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.