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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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Churning

In the mortgage industry, the term Churning is often used synonymously with the terms: Early Payoff and Prepayment. The term Churning is a reference to the process whereby a lender solicits an existing borrower to refinance their current mortgage for a better offer with a different or the same investor. Churning represents an expensive challenge to investors and most investors will require their sellers to repay any premiums paid for loans where there is an indication that the seller has engaged in the Churning process.


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