Delegated Loan definition

Delegated Loan means a Loan for which you have conducted the Mortgage Insurance Underwrite pursuant to our Written delegation to you and which you have delivered to us for coverage under the terms of Section 1A of the Master Policy.
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Examples of Delegated Loan in a sentence

  • In consideration of the performance of the Correspondent Lending Services, MLCC shall pay the following amounts to Cendant: (i) an origination assistance fee of $[* * *] for each Prior Approval Loan that is a Portfolio Loan (the “Prior Approval Origination Assistance Fee”); (ii) an origination assistance fee of $[* * *] for each Delegated Loan that is a Portfolio Loan (the “Delegated Origination Assistance Fee”); and (iii) an origination assistance fee of $[* * *] for each Equity Access ® Loan.

  • For each Delegated Loan, Cendant may charge [* * *] as a loan set-up fee for each such Delegated Loan, or any amount [* * *], and such charge shall be imposed by MLCC on the applicable Correspondent Lender as a third party charge payable to Cendant.

  • Norwest reserves the right to refuse to Fund any Delegated Loan that does not meet Norwest's product parameters.

  • Delegated Loan Contract dated April 12, 1995 among V-Tech, The Industrial & Commercial Bank of Shanghai Trust & Investment Corp.

  • Norwest shall not levy a Process Fee as set forth in the Program Documents on any Delegated Loan submitted for purchase under the Norwest Delegated Underwriting Program; provided however, the Seller pays Norwest a process fee equal to sixty dollars ($60.00) for each such Delegated Loan.

  • Seller agrees to review each Delegated Loan for conformance to the applicable Underwriting Guidelines using as its standard of care what a knowledgeable and sophisticated institutional investor active in the residential secondary mortgage market or an appropriate reviewing authority would typically expect of a mortgage loan underwriter.