Best Efforts Worst Case Pricing

Changes in the borrower's or property address may require the Delivery Commitment to be cancelled and a new Delivery Commitment issued. In this case, the Delivery Commitment will be subject to worst case pricing:

  • Adding or deleting borrowers
  • Changing the primary and secondary borrower position on the application
  • Changing the property address
  • Minor corrections may be allowed at the discretion of Fannie Mae
  • Worst case pricing will be the worst price based on the price at time the original Delivery Commitment (DC) is issued or at the time the new Delivery Commitment is issued
  • Worst case pricing may include an extension fee from the date of the original best efforts Delivery Commitment expiration date or cancellation date┬áto the date┬áthe new Delivery Commitment is funded
  • Depending on market movement, the pair-off could result in a credit
  • If a loan that utilized DU is submitted as a new loan, it must have a new DU case number or it will be subject to worst case pricing