Mortgage pipeline

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Mortgage pipeline

The period from the taking of applications from prospective mortgage borrowers to the marketing of the loans.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Mortgage Pipeline

Informal; the process by which a mortgage lender conducts all due diligence, files all necessary paperwork, and generally makes preparation for a new mortgage. This includes investigating the potential borrower's credit history and determining whether making the loan is a good risk. See also: Mortgage-pipeline risk.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In general, usage of advance products fluctuates in accordance with members' funding needs related to their deposit levels, mortgage pipelines, investment opportunities, available collateral, balance sheet strategies, and the cost of alternative funding opportunities.
Because refinance loans tend to fall out of mortgage pipelines more easily than purchase money loans, point-of-sale approval of such loans should increase closure rates in any market.

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