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Glossary > B > "Borrower fallout" Definition

Borrower fallout

In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract.

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Borrower fallout - In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract.

Borrower fallout : in the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract.