Common use of Licensed Application Clause in Contracts

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;