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To Protect Against Price Risk, the Originator Could Get a Commitment

question 49

True/False

To protect against price risk, the originator could get a commitment from the GSE or the private conduit from which the mortgage originator plans to buy the mortgage.


Definitions:

Job Responsibilities

The specific tasks, duties, and functions an employee is expected to perform in their role within an organization.

Geographic Area

A specified region or space defined for purposes of geography, demography, or jurisdiction.

Occupational Group

A category of jobs that involve similar tasks, require similar skills, and are often found within the same industry or sector.

Annual Increase

Annual increase often refers to the yearly raise in salary or wages given to employees based on performance, seniority, or inflation adjustments.

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