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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 Payoff

In the mortgage industry, the term Early Payoff is typically used in reference to the process whereby a borrower refinances their current mortgage for a better offer with a different lender. Early Payoffs represent an increasingly expensive challenge to lenders, as most investors will require their sellers to repay any premiums for loans with an early payoff.


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