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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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Early Payment Default

In the mortgage industry an Early Payment Default (EPD) is a mortgage loan that goes 90+ days delinquent or into a default status in its first year. Early payment default is an indicator of possible mortgage fraud. As a result, most mortgage industry investors are very concerned with identifying early payment defaults and performing quality control checks to determine if mortgage fraud has occurred.

See Default
See Early Payment Default (EPD) Overview
See Mortgage Fraud
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.