Common use of Unauthorized Representations Clause in Contracts

Unauthorized Representations. Notwithstanding the provisions of the Section of the Master Terms captioned “Unauthorized Representations,” Licensee may inform a Customer of (a) the recommendation (e.g., "approve," "refer," or "refer with caution") generated by the Licensed Application in connection with such Customer’s Loan Casefile, and (b) the related underwriting findings generated by the Licensed Application; provided, however, that (i) such recommendations and findings are appropriately tailored so as to render them understandable and meaningful to Customers, and (ii) if such recommendations or findings contain any reference to ▇▇▇▇▇▇ ▇▇▇ or if ▇▇▇▇▇▇ ▇▇▇ presents Licensee with a written request to do so, Licensee simultaneously informs such Customer that any recommendation or finding rendered by the Licensed Application does not constitute an approval or denial of a Mortgage Loan Application by ▇▇▇▇▇▇ ▇▇▇ or a commitment to purchase a loan by ▇▇▇▇▇▇ ▇▇▇. In addition, Licensee may inform a prospective purchaser of a mortgage loan underwritten with the assistance of the Licensed Application of (A) the recommendations and findings set forth in clauses (a) and (b) of this Section 6, and (B) the provisions of Section 7 relating to Licensee’s ineligibility for any waiver and enforcement relief of representations and warranties; provided, however, that Licensee simultaneously informs such prospective purchaser that any recommendation rendered by the Licensed Application does not constitute an approval or denial of a Mortgage Loan Application by ▇▇▇▇▇▇ ▇▇▇ or a commitment to purchase a loan by ▇▇▇▇▇▇ ▇▇▇. Except as otherwise expressly provided above, Licensee shall not identify ▇▇▇▇▇▇ ▇▇▇ as a provider of underwriting, pre-qualification or other services in connection with this Schedule, and Licensee shall not refer to ▇▇▇▇▇▇ ▇▇▇, as such, in its privacy statement(s). Notwithstanding anything to the contrary in any technology registration or other documents, Licensee acknowledges and agrees that it is not an Approved Lender (i.e., a “▇▇▇▇▇▇ ▇▇▇ Seller/Servicer”) and Licensee agrees not to (i) represent, state or suggest (whether by act or omission) either directly or indirectly to any third party (including without limitation any investor, regulator or customer) that it is an Approved Lender, (ii) engage in any conduct or behavior that would lead any third party (including without limitation any investor, regulator or customer) to conclude or assume that Licensee is an Approved Lender or (iii) assert any rights that could be derived from the status of an Approved Lender.

Unauthorized Representations. Notwithstanding the provisions of the Section of the Master Terms captioned “Unauthorized Representations,” Licensee may inform a Customer of (a) the recommendation (e.g., "approve," "refer," “expanded approval” or "refer with caution") generated by the Licensed Application in connection with such Customer’s Loan Casefile, and (b) the related underwriting findings generated by the Licensed Application; provided, however, that (i) such recommendations and findings are appropriately tailored so as to render them understandable and meaningful to Customers, and (ii) if such recommendations or findings contain any reference to ▇▇▇▇▇▇ ▇▇▇ or if ▇▇▇▇▇▇ ▇▇▇ presents Licensee with a written request to do so, Licensee simultaneously informs such Customer that any recommendation or finding rendered by the Licensed Application does not constitute an approval or denial of a Mortgage Loan Application by ▇▇▇▇▇▇ ▇▇▇ or a commitment to purchase a loan by ▇▇▇▇▇▇ ▇▇▇. In addition, Licensee may inform a prospective purchaser of a mortgage loan underwritten with the assistance of the Licensed Application of (A) the recommendations and findings set forth in clauses (a) and (b) of this Section 6, and (B) the provisions of Section 7 relating to Licensee’s ineligibility for any the limited waiver and enforcement relief of representations and warranties; provided, however, that Licensee simultaneously informs such prospective purchaser that any recommendation rendered by the Licensed Application does not constitute an approval or denial of a Mortgage Loan Application by ▇▇▇▇▇▇ ▇▇▇ or a commitment to purchase a loan by ▇▇▇▇▇▇ ▇▇▇. Except as otherwise expressly provided above, Licensee shall not identify ▇▇▇▇▇▇ ▇▇▇ as a provider of underwriting, pre-qualification or other services in connection with any Licensee Site or otherwise in connection with this Schedule, and Licensee shall not refer to ▇▇▇▇▇▇ ▇▇▇, as such, in its privacy statement(s). Notwithstanding anything to the contrary in any technology registration or other documents, Licensee acknowledges and agrees that it is not an Approved Lender (i.e., a “▇▇▇▇▇▇ ▇▇▇ Seller/Servicer”) and Licensee agrees not to (i) represent, state or suggest (whether by act or omission) either directly or indirectly to any third party (including without limitation any investor, regulator or customer) that it is an Approved Lender, (ii) engage in any conduct or behavior that would lead any third party (including without limitation any investor, regulator or customer) to conclude or assume that Licensee is an Approved Lender or (iii) assert any rights that could be derived from the status of an Approved Lender.