Closing Employee definition

Closing Employee means the individual employed by Signing Agent or Settlement Agent who is directly responsible for supervising the Signing of the Loan Documents and who is present at the Signing for the purpose of procuring Borrower‟s signature on Loan Documents.
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Closing Employee means each Business Employee who is not a Retained Employee.
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Closing Employee means any one of them;
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Examples of Closing Employee in a sentence

  • Closing Employee who handles the transaction has a conflict of interest, is a party to the transaction, has an ownership interest in or is controlled by or is related to Seller, Borrower, appraiser, Lender, Mortgage Broker or any other interested party to the transaction.

  • Seller has an ownership interest in or is controlled by or is related to Mortgage Broker, Borrower, appraiser, Settlement Agent, Signing Agent, Closing Employee, or any other interested party to the transaction.

  • J.1 Reporting Information Learned at Closing.Settlement Agent or Signing Agent must stop the Closing and notify Lender‟s designated „Fraud Prevention Contact‟ as set out in the LENDER CONTACTS SECTION of the SPECIFIC INSTRUCTIONS if Closing Employee obtains actual knowledge of any of the following before Completion of Closing:.

  • The Closing Employee witnesses the signing of, or is asked to record, a mortgage or deed of trust in favor of someone other than the Lender and that is not referred to in the SPECIFIC INSTRUCTIONS.

  • The rescission period will begin at 12:01 a.m. on the Business Day after Closing Employee acknowledges the last signature on the Security Instrument or the date printed on the Loan Documents, whichever is later, assuming the Notice of Right to Cancel notices and TIL are signed and delivered to all the parties required to receive them on the same date.

  • Closing Employee must ensure that the transaction date and the rescission expiration date on the Notice of Right to Cancel match the dates provided by the Lender in the SPECIFIC INSTRUCTIONS when each person signs.

  • The Closing Employee receives a document at Closing in which the Borrower indicates that he or she will not occupy the Property as his or her primary residence, but the SPECIFIC INSTRUCTIONS recite that the Property shall be the primary residence of the Borrower..

  • Mortgage Broker is a party to the transaction or has an ownership interest in or is controlled by or is related to Seller, Borrower, appraiser, Settlement Agent, Signing Agent, real estate agent, Closing Employee, or any other interested party to the transaction.

  • If the transaction date or the rescission expiration date on the Notice of Right to Cancel is blank, Closing Employee must properly fill in the blank.

  • If either date is incorrect, Closing Employee must draw a line through the incorrect date, write in the correct date, have the correct date initialed by all persons signing the Notice, and notify Lender.

Related to Closing Employee

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • Returning Employees means those persons listed in a schedule to be agreed by the Parties prior to the end of the Contract Period who it is agreed were employed by the Contractor (and/or any Sub-Contractor) wholly or mainly in the supply of the Services immediately before the end of the Contract Period.

  • Transferred Employees has the meaning set forth in Section 6.4(a).