DUS Gateway Sample Clauses
The DUS Gateway clause establishes the terms and conditions under which parties may access or utilize a designated DUS (Delegated Underwriting and Servicing) Gateway platform or system. Typically, this clause outlines the technical requirements, user permissions, and responsibilities for both the service provider and the user, such as data submission protocols or security standards. Its core practical function is to ensure secure, efficient, and standardized access to the DUS Gateway, thereby facilitating streamlined communication and transaction processing between parties.
DUS Gateway. The following terms apply to DUS Gateway (the “Licensed Application” under this Section):
DUS Gateway. The following terms will apply with regard to DUS Gateway (the “Licensed Application” under this Section):
(a) Licensee may submit requests via the Licensed Application to waive one or more ▇▇▇▇▇▇ ▇▇▇ Requirements, however ▇▇▇▇▇▇ ▇▇▇ will not be deemed to have waived any right or remedy unless the waiver is confirmed by ▇▇▇▇▇▇ ▇▇▇ in writing. No waiver of any instance of a ▇▇▇▇▇▇ ▇▇▇ Requirement will be deemed a waiver as to any other instance of that ▇▇▇▇▇▇ ▇▇▇ Requirement or of any other ▇▇▇▇▇▇ ▇▇▇ Requirement.
(b) Mortgage Loan pricing quotes issued by the Licensed Application are time-limited and the pricing and deal terms will expire on their applicable expiration dates, as appearing on the quote. New quotes must be obtained in the event of expired pricing or deal terms.
(c) The Licensed Application may assign ▇▇▇▇▇▇ ▇▇▇ deal teams to registered deals, however, ▇▇▇▇▇▇ ▇▇▇ reserves the right to reassign deal team personnel and assign new deal team personnel at its sole discretion.
(d) The Licensed Application may issue reminders of deadlines and other significant dates, however, such reminders shall not constitute an acceptance of responsibility by ▇▇▇▇▇▇ ▇▇▇ for Licensee’s compliance with such dates nor will a failure to issue a reminder constitute a waiver of any date-driven responsibility of Licensee. Additionally, Licensee is responsible for ensuring that documents it submits via the Licensed Application are received and acknowledged by ▇▇▇▇▇▇ ▇▇▇.
(e) Access to the Licensed Application DUS Gateway does not constitute Fannie Mae’s approval of Licensee as a ▇▇▇▇▇▇ ▇▇▇ DUS lender. Any selling or servicing authority or other approval necessary or desired by Licensee to conduct business with ▇▇▇▇▇▇ ▇▇▇ must be obtained separately and will be granted only upon execution of a separate Contract between Licensee and ▇▇▇▇▇▇ ▇▇▇ expressly granting Delegated Underwriting and Servicing (DUS) and non-DUS approvals.
(f) Access to the Licensed Application may include access to a Third Party Application. In such event, references in the Agreement to the “Licensed Application” and the “Licensed Materials” shall include the Third Party Application. In addition to the restrictions on use in the Section of the Master Terms captioned “Restrictions on Use,” Licensee shall not access the Third Party Application in order to build a competitive product or service. In addition and pursuant to the obligations established in the Section of the Master Terms captioned “Indemnif...