Closing Agent definition

Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

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Closing Agent means, with respect to any Wet-Ink Transaction, an entity reasonably satisfactory to Buyer (which may be a title company or its agent, escrow company, attorney or other closing agent in accordance with local law and practice in the jurisdiction where the related Wet-Ink Loan is being originated) to which the proceeds of such Wet-Ink Transaction are to be wired pursuant to the instructions of Seller. Unless Buyer notifies Seller (electronically or in writing) that a Closing Agent is unsatisfactory, each Closing Agent utilized by Seller shall be deemed satisfactory; provided, that each of Title Source, Inc. and its Subsidiaries shall be deemed satisfactory to Buyer while it is an Affiliate of Seller and eligible to act as a closing agent under applicable Agency Guidelines, and provided further that Buyer shall instruct Custodian that no funds shall be transferred to the account of any Closing Agent after the date that is five (5) Business Days following the date that notice is delivered to Seller that such Closing Agent is unsatisfactory, and provided, further, that the Market Value shall be deemed to be zero with respect to each Loan, for so long as such Loan is a Wet-Ink Loan, as to which the proceeds of such Loan were wired to a Closing Agent with respect to which Buyer has notified Seller at least five (5) Business Days before funds are transferred to the account of such Closing Agent that such Closing Agent is not satisfactory.

Closing Agent means an individual assigned by a title

Examples of Closing Agent in a sentence

• In addition, Closing Agent agrees that, notwithstanding any contrary understanding with the Seller or the Seller’s instructions to Closing Agent, these terms and conditions shall control and may not be altered except by written or oral authorization executed by Buyer.

• Sincerely, JPMorgan Chase Bank, N.A. By: [Name] [Title] The undersigned Closing Agent acknowledges the terms of this letter and agrees to comply with the terms and conditions set forth herein.

• Date: Date Escrow [Closing Agent Name] Attention: [Contact] [Address] Letter RE: [Project Name] Loan #:__________ Ladies and Gentlemen: Walker & Dunlop, LLC (“Seller”) has advised JPMorgan Chase Bank, N.A. (“JPMorgan”) that you have agreed to serve as the Closing Agent (the “Closing Agent”) relative to the mortgage loan to be made by Seller for the above-referenced property (the “Mortgage Loan”).

• The Price Differential for each Transaction shall accrue during the period commencing on (and including) the day when the Purchase Price is transferred into the Funding Account (or otherwise paid to Seller or to the Closing Agent for such Transaction) and ending on (but excluding) the day when the Repurchase Price is paid to Buyer.

• The acceptance by Seller, or by any Closing Agent at the direction of Seller, of any Purchase Price proceeds shall be deemed to constitute a representation and warranty by Seller that the foregoing conditions have been satisfied.

More Definitions of Closing Agent

Closing Agent means a closing agent subject to the licensing requirements of chapter 535B.

Closing Agent means a person who is not a party to the real estate transaction, who provides real estate closing services.

Closing Agent shall have the meaning as set forth in Section 2.14.

Closing Agent means a title company, closing attorney or other entity which will disburse funds at settlement and insure the lien of the Mortgage in respect of any Mortgage Loan.

Closing Agent. The Person designated by Seller and approved by Buyer in accordance with Section 3.7 to receive Purchase Prices from Buyer, for the account of Seller, for the purpose of funding a Purchased Mortgage Loan.

Closing Agent means a person that facilitates a closing

Closing Agent means an individual assigned by a title insurance company or a broker or originator to ensure that the execution of documents related to the closing of a real estate sale or the refinancing of a real estate loan and the disbursement of closing funds are in conformity with the instructions of the entity financing the transaction.