Delegated Loans definition

Delegated Loans mean those Cendant Loans originated and closed pursuant to and in accordance with the “Delegated Underwriting Program” (as such term is defined in the Correspondent Lending Guide).
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Delegated Loans mean those Cendant Loans originated and closed pursuant to and in accordance with the “Delegated Underwriting Program” (as such term is defined in the Correspondent Lending Guide). “Master Purchase Agreement” means a “Master Loan Purchase and Sale Agreement” entered into by MLCC and a Correspondent Lender, which agreement sets forth the terms and conditions pursuant to which a Correspondent Lender agrees to sell, and MLCC agrees to buy, Cendant Loans having such characteristics and in such aggregate principal amounts as are agreed to between MLCC and the applicable Correspondent Lender in accordance with the eligibility guidelines in the Correspondent Lending Guide and the applicable “Commitment”. “Mortgage Broker” means a Person engaged in the business of brokering mortgage loans and approved by MLCC, as of the date hereof or in accordance with the terms of this Addendum, to participate in the Mortgage Broker Program. “Mortgage Broker Guide” means the “Mortgage Broker Manual”, a copy of which has been provided to Cendant, which sets forth the terms and conditions applicable to Cendant Loans and Mortgage Brokers under the Mortgage Broker Program, as the same may be amended from time to time by MLCC. “Mortgage Broker Program” means MLCC’s program of underwriting Cendant Loans referred to MLCC by Mortgage Brokers.
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Delegated Loans mean those Loans originated and closed pursuant to and in accordance with the “Delegated Underwriting Program” (as such term is defined in the Correspondent Lending Guide). “Equity Access® Loans” shall mean home equity lines of credit offered to Borrowers under the Wholesale Lending Program. “Loans” means Portfolio Loans and Cendant Loans. “Master Purchase Agreement” means a Master Loan Purchase and Sale Agreement, a form of which is attached hereto as Exhibit C (which form of agreement may be
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Examples of Delegated Loans in a sentence

  • In exchange for the promises contained in this Amendment and other valuable consideration, the sufficiency of which the parties hereby acknowledge, the Seller and Norwest hereby amend the applicable Agreement(s) and the Seller Guide to provide for the Seller's participation in Norwest's Delegated Underwriting Program when the Seller delivers Delegated Loans (as defined below) to Norwest in compliance with the Agreement(s), the Seller Guide and this Amendment.

  • Norwest shall also have the right to perform post-purchase reviews of Delegated Loans purchased by Norwest from the Seller.

  • Prior to Norwest purchasing any Delegated Loans, Norwest shall be entitled to review the Seller's underwriting practices and quality control procedures and any other documents Norwest deems necessary as a condition of purchasing any Delegated Loans.