Common use of LOCKS/COMMITMENTS Clause in Contracts

LOCKS/COMMITMENTS. AFN will have final approval over the selection of the lender, commitment to deliver, interest rate/price lock, and any written correspondence to the lender for each loan. The EMPLOYEE may suggest the lender of choice.

LOCKS/COMMITMENTS. AFN will have final approval over the selection of the lender, commitment to deliver, interest rate/price lock, and any written correspondence to the lender for each loan. The EMPLOYEE L.O. may suggest the lender of choice. The L.O. will share equal to the percentage specified in the applicable Addendum, in any marketing loss or gain which AFN will pay or receive, respectively, as a result of an expired or undelivered loan commitment.