Common use of Licensed Application Clause in Contracts

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. ▇▇▇▇▇▇ ▇▇▇ 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 ▇▇▇▇▇▇ Fannie 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.