Common use of BROKER’S SERVICES Clause in Contracts

BROKER’S SERVICES. Broker may submit Loan application packages (“Applications”) to CenterState in accordance with this Addendum, applicable state and federal laws, regulations and administrative guidance (“Law”), and Bank’s product manuals, procedures and guidelines found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ as they may be amended by CenterState at any time (“Bank “Guidelines”). In response to Broker’s submission of an Application, Bank, in its sole discretion, may underwrite, close and fund the Loan in CenterState’s name. In connection with Broker’s Loan origination activities for Applications submitted to Bank, Broker shall take Loan applications and order and receive credit documents including an appraisal through a Bank-approved appraiser ordered according to (a) Bank Guidelines and applicable guidelines of the Federal Housing Administration, the Veterans Administration, the United States Department of Agriculture, ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ Mac (collectively, “Agency Guidelines”); and (b) Law. Broker shall be responsible for the cost of any appraisal Broker orders in connection with Applications submitted to Bank and shall make payment immediately upon Bank’s direction regardless of whether the Loan to be secured by the appraised property closes. At no time shall Broker represent that it is acting as an agent of CenterState. Broker shall have no authority to act for or on behalf of CenterState or to bind CenterState in any manner without the express prior written consent of CenterState.

BROKER’S SERVICES. Broker may submit Loan application packages (“Applications”) to CenterState SouthState in accordance with this Addendum, applicable state and federal laws, regulations and administrative guidance (“Law”), and Bank’s product manuals, procedures and guidelines found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ as they may be amended by CenterState SouthState at any time (“Bank “Guidelines”). In response to Broker’s submission of an Application, Bank, in its sole discretion, may underwrite, close and fund the Loan in CenterState’s SouthState's name. In connection with Broker’s Loan origination activities for Applications submitted to Bank, Broker shall take Loan applications and order and receive credit documents including an appraisal through a Bank-Bank- approved appraiser ordered according to (a) Bank Guidelines and applicable guidelines of the Federal Housing Administration, the Veterans Administration, the United States Department of Agriculture, ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ Mac (collectively, “Agency Guidelines”); and (b) Law. Broker shall be responsible for the cost of any appraisal Broker orders in connection with Applications submitted to Bank and shall make payment immediately upon Bank’s direction regardless of whether the Loan to be secured by the appraised property closes. At no time shall Broker represent that it is acting as an agent of CenterStateSouthState. Broker shall have no authority to act for or on behalf of CenterState SouthState or to bind CenterState SouthState in any manner without the express prior written consent of CenterStateSouthState.