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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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Pair-off Fee

A fee charge to a seller if the seller fails to deliver the amount of mortgages necessary to fulfill a loan sales agreement commitment with the investor by the specified date. The investor typically charges the pair-off fee based on current market prices, to compensate the investor for secondary market commitment shortfalls.

See Best Efforts Delivery Commitment
See Mandatory Delivery Commitment
See Mortgage Correspondent Lending and Loan Production
See Mortgage Industry Seller Pull-through Overview

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