Closing File definition

Closing File means the following documents, as applicable, in hard copy or electronic form: the final closing disclosure or other settlement statement signed by the Borrower; the signed promissory note with all riders; the signed mortgage or deed of trust with all riders; the title insurance commitment and any other closing documents or information that we would otherwise review at the time of an Independent Validation or Claim (e.g., information required to satisfy underwriting or closing conditions that we have not previously reviewed).

Closing File means the following documents, as applicable, in hard copy or electronic form: the final closing disclosure or other settlement statement signed by the Borrower; the signed promissory note with all riders; the signed mortgage or deed of trust with all riders; the

Closing File means an electronic file from the system of record maintained on behalf of the Sellers by TSYS® (Total System Services, Inc.®) reflecting the Accounts and posted portion of Gross Receivables as of the Cut-Off Time in support of the Final Closing Statement.

Examples of Closing File in a sentence

• Loan Closing File: This file contains copies of all loan-closing documents.

• This includes information in the Application, Origination File, Closing File, and any related materials.

• Our audits may include a review of the Origination File, Closing File and Servicing File of the loan for compliance with the terms of this Policy, our Underwriting Guidelines, Servicing Guide and Delegated Underwriting Program Guide, if applicable.

• Subject to Sections 17(h) and 67(a), the Beneficiary and Servicer must cooperate with us and provide us with all reasonable information that we request regarding any loan(s) we insure, whether or not in Default, including access to or a true and complete copy of the Origination File, the Closing File and the Servicing File and such other information as we may determine is related to loans insured under this Policy.

• However, we will not request, and you will not be required to resubmit, any Origination File information or documents or Closing File information or documents that were previously submitted to us in connection with the Application, Independent Validation or QC Review of the related loan.

• The review of the Closing File Documents must ensure that the loan was closed consistent with the MI’s commitment/certificate of insurance and reveal no material discrepancies that would constitute a Significant Defect.

• If you qualify for the closing document exception set forth in our Rescission Relief Guide, and you did not submit the Closing File for the Independent Validation of a loan, the rescission relief under Section 17(c)(i) will not be effective unless the Borrower has made the first 12 loan payments on time from the Borrower’s Own Funds.

• Pre-processor statementsData Files: Declaring, Opening, and Closing File Streams, File handling functions, Reading from and Writing to Text Files, File copy, merge, Writing and reading records, Random File Access.Text Books:1.

• When a MPH selects Rescission Relief Option 2 – Non-Delegated with Closing File Independent Validation or Option 3 – Delegated with Independent Validation, 100% of the loans will be validated.

• Independent Validations are required for 100% of Closing Files when MPHs elect Rescission Relief Option 2 – Non-Delegated with Closing File Independent Validation and for 100% of the Origination File and Closing File when MPHs elect Rescission Relief Option 3 – Delegated with Independent Validation.

More Definitions of Closing File

Closing File means a complete standard master file of all fields (and a means of reading such fields) for all Accounts to be transferred as of the Cut-Off Time, which file shall include, but not be limited to, the following information for each Account identified on such Closing File: Account number; Account Debtor's name and address; origination date; finance charges; credit limit; current balance (including, as applicable, individual invoice detail whether or not billed) and other transaction activity and history (including invoice details for the preceding 6 months); Account Debtor's telephone number if such telephone number is on the master file; and a means of identifying (a) each transaction on such Account to the Account Debtor the purchase of whose goods or services gave rise to such transaction, and (b) if applicable, the opt-out status, if any, for each Account with respect to privacy and sharing of information.

Closing File means the file consisting of the related closing documents (which may be originals, copies or electronic images) pertaining to each Mortgage Loan, required by Fahe in accordance with the Seller Guide (which may be specified in the Seller Guide, an exhibit to the Seller Guide or on any website referenced in the Seller Guide) Fahe deems necessary for it to diligence the Mortgage Loan prior to its acquisition by Buyer.