Common use of Repurchase Procedure Clause in Contracts

Repurchase Procedure. Seller shall prepare the Assignment and pay all costs and expenses reasonably incurred by Purchaser in effecting the re-conveyance of a repurchased Loan including, but not limited to, the cost of recording the Assignment of the related Mortgage (if applicable). Upon completion of such purchase or repurchase by Seller, Purchaser shall forward to Seller all servicing records and all documents relating to such repurchased Loans.

Appears in 5 contracts

Sources: Correspondent Loan Purchase Agreement, Correspondent Loan Purchase Agreement, Correspondent Loan Purchase Agreement

Repurchase Procedure. Seller shall prepare the Assignment and pay all costs and expenses reasonably incurred by Purchaser in effecting the re-conveyance of a repurchased Loan including, but not limited to, the cost of recording the Assignment of the related Mortgage (if applicable)Mortgage. Upon completion of such purchase or repurchase by Seller, Purchaser shall forward to Seller all servicing records and all documents relating to such repurchased Loans.

Appears in 1 contract

Sources: Correspondent Loan Purchase Agreement