Common use of Length of Employment Clause in Contracts

Length of Employment. Co-Borrower The number of years of service with the co-borrower’s current employer as of the date of the loan. Borrower Qualification Numeric – Decimal 3.5 99.99 If “Total Number of Borrowers” > 1 >= 0 99 = Retired, None employment income soure (social security, trust income, dividends, etc.)

Appears in 16 contracts

Samples: Assignment of Representations and Warranties Agreement, Representations and Warranties Agreement, Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-3)

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Length of Employment. Co-Borrower The number of years of service with the co-borrower’s current employer as of the date of the loan. Borrower Qualification Numeric – Decimal 3.5 99.99 If “Total Number of Borrowers” > 1 >= 0 99 = Retired, None employment income soure (social security, trust income, dividends, etc.)0

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2011-1), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2011-1)

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