Licensed Application Clause Samples

Licensed Application. ▇▇▇▇▇▇ ▇▇▇ licenses to Licensee the application known as “Lender Record Information (Form 582)” (the “Licensed Application”) pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”) into which this Schedule is incorporated (together, the “Agreement”). As of the effective date of this Schedule, the Licensed Application provides certain lender certification reporting functionality, including the ability to submit electronically required annual lender reports (Form 582) to ▇▇▇▇▇▇ ▇▇▇.

Licensed Application. ▇▇▇▇▇▇ ▇▇▇ licenses to Licensee, a mortgage lender that is not a party to a ▇▇▇▇▇▇ Mae Mortgage Selling and servicing Contract (a “Non-Approved Lender”), the application known as Desktop Underwriter®, or DU®, and related APIs (the “Licensed Application”) pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ ▇▇▇ and Licensee (the “Master Terms”), into which this Schedule is incorporated (together, the “Agreement”). As of the effective date of this Schedule, the Licensed Application provides certain automated underwriting functionality, including those designed to: a. support and facilitate Licensee’s electronic underwriting of Mortgage Loan Applications or performance of Prequalification Analyses; b. generate certain recommendations, underwriting findings (including Codified Findings), underwriting analyses and other reports; c. facilitate the communication and exchange of data between Licensee and consumer reporting agencies accessible through the Credit Retrieval Module; d. validate certain loan application data where Licensee has been given access to the DU Validation Service; and e. facilitate Licensee’s access to certain mortgage scorecards maintained by or on behalf of the U.S. Federal Housing Administration (the “FHA”) and the U.S. Department of Veterans Affairs (the “VA”).

Licensed Application. ▇▇▇▇▇▇ ▇▇▇ licenses to Licensee the application known as MarketPoint™ (the “Licensed Application”) pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ ▇▇▇ and Licensee (the “Master Terms”), into which this Schedule is incorporated (together, the “Agreement”). As of the effective date of this Schedule, the Licensed Application is a consolidated, widgets-based technology platform that provides users with self-service tools to engage in certain loan pricing and committing-related activities with ▇▇▇▇▇▇ ▇▇▇.

Licensed Application. ▇▇▇▇▇▇ ▇▇▇ licenses to Licensee the suite of applications known as the “Mortgage Insurer Applications” which includes the File Transfer Portal (FTP), CE Portal, Property Data API Review Tool (PDART), Collateral Data Delivery Service (CDDS), Collateral Underwriter® (CU™) and FM Connect™, together with, as permitted, any API associated with an application referenced in this Schedule, or other application which provides similar functionality to that described in this Section (each, the “Licensed Application”) pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”) into which this Schedule is incorporated (together, the “Agreement”). As of the effective date of this Schedule, the Licensed Applications allow Licensee to: a. identify potential appraisal issues, including property-related data issues prior to and after loan delivery; b. conduct quality control by assessing the accuracy of property-related data submitted to the ▇▇▇▇▇▇ ▇▇▇ PDART;

Licensed Application. ▇▇▇▇▇▇ ▇▇▇ licenses to Licensee the application known as Desktop Underwriter® or DU® and related APIs (the “Licensed Application”) pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”), into which this Schedule is incorporated (together, the “Agreement”). As of the effective date of this Schedule, the Licensed Application provides certain automated underwriting functionality, including those designed to: a. facilitate the communication and exchange of certain data between Licensee and Third- Party Originators, where authorized; b. support and facilitate Licensee’s electronic underwriting of Mortgage Loan Applications or performance of Prequalification Analyses; c. generate certain recommendations, underwriting findings (including Codified Findings), underwriting analyses and other reports; d. facilitate the communication and exchange of data between Licensee and consumer reporting agencies accessible through the Credit Retrieval Module; e. validate certain loan application data where Licensee has been given access to the DU Validation Service; f. identify eligibility for certain limited waivers and relief from enforcement of certain representations and warranties; and g. facilitate Licensee’s access to certain mortgage scorecards maintained by or on behalf of the U.S. Federal Housing Administration (the “FHA”) and the U.S. Department of Veterans Affairs (the “VA”).

Licensed Application. The application made available is licensed to you. Your license to each application that you obtain is subject to your prior acceptance of this ▇▇▇▇ and you agree that the terms of this ▇▇▇▇ will apply to each application that you license, unless the application is covered by a separate valid ▇▇▇▇ entered into between you and the Licensor of the application, in which case the terms of that separate end user license agreement will govern, subject to your prior acceptance of that separate end user license agreement. Your license to the Application under this ▇▇▇▇ is granted by Info Salons. Any license that is subject to the license granted under the ▇▇▇▇ is referred to herein as the “Licensed Application”. Licensor reserves all rights in and to the Licensed Application not expressly granted to you under this Licensed Application ▇▇▇▇.

Licensed Application. Access to ▇▇▇▇▇▇ Mae's application known as Servicing Marketplace (the “Licensed Application”) is licensed pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”) into which this Schedule is incorporated. As of the effective date of this Schedule, Servicing Marketplace: (i) is integrated with ▇▇▇▇▇▇ Mae’s Pricing & Execution–Whole Loan® (“▇▇-▇▇”) technology; (ii) provides Licensee the opportunity to submit and manage its SRP Schedules relating to the purchase of Servicing on loans being committed to ▇▇▇▇▇▇ ▇▇▇ via ▇▇-▇▇; and (iii) permits a Lender to arrange for the sale of such Servicing to a servicer such as Licensee concurrently with the Lender’s sale of the committed loan to ▇▇▇▇▇▇ Mae.

Licensed Application. ▇▇▇▇▇▇ ▇▇▇ licenses to Licensee the following applications: EarlyCheck™, Collateral Underwriter® (CU™), Pricing & Execution – Whole Loan® (PE-Whole Loan) (including, at ▇▇▇▇▇▇ Mae’s sole option, its servicing-released component), Pricing & Execution – MBS® (PE-MBS), Pricing Services, Loan Delivery (including Additional Data Elements and, where permitted, ASAP Plus), Message Manager, FM Connect™, Condo Project Manager™, Credit Variance Administration System, Document Certification, MBS Online Reports/MBS Schedule of Mortgages, Uniform Collateral Data Portal® (UCDP®) (including integration to its ▇▇▇▇▇▇ ▇▇▇ Collateral Data Delivery Service, where permitted) and CE Portal, together with, as permitted, any API associated with an application referenced in this Schedule, or other application which provides similar functionality to that described in this Section (each a “Licensed Application”) pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”) into which this Schedule is incorporated (together, the “Agreement”). As of the effective date of this Schedule, these applications provide certain shipping and delivery functionality, including those designed to enable ▇▇▇▇▇▇ ▇▇▇ lenders and custodians (where appropriate) to: a. identify potential loan data issues prior to loan delivery; b. identify potential appraisal issues prior to loan delivery; c. create commitments to sell certain loans to ▇▇▇▇▇▇ Mae on a mandatory or, at ▇▇▇▇▇▇ Mae’s sole option, best efforts basis and at an agreed-upon price within a certain time frame; d. if applicable, arrange for the sale of servicing concurrent with a commitment; e. engage in maintenance activities, including extensions, pair-offs and over-deliveries; f. deliver loans to ▇▇▇▇▇▇ Mae for cash purchase or placement in an MBS; g. access indicative pricing and MBS buyup and buydown ratios; h. deliver certain appraisal and housing goal data; i. request, view and update condo project approvals; j. request, view, and update single loan waivers; k. review and certify MBS pools; l. correct data that has already been submitted to ▇▇▇▇▇▇ ▇▇▇; m. share credit enhancement policy information; n. identify wire instructions for loans associated with warehouse lenders and disbursement agents, and o. view, export or print reports related to these activities.

Licensed Application. ▇▇▇▇▇▇ Mae's application known as EarlyCheck™ (the “Licensed Application”), is licensed pursuant to this Schedule and the Master Terms and Conditions between ▇▇▇▇▇▇ Mae and Licensee (the “Master Terms”) into which this Schedule is incorporated (together, the “Agreement”).