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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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Borrower Runoff

In the mortgage industry, the term Borrower Runoff is used synonymously with the terms: Early Payoff and Prepayment. The term Borrower Runoff is a reference to the process whereby a borrower refinances their current mortgage for a better offer with a different lender.


See Mortgage Loan Early Payoff Overview
See Early Payoff
See Prepayment
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.