Lender Guidelines definition

Lender Guidelines. Any requirements imposed by
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Lender Guidelines means those requirements, guidelines, product profiles, purchase procedures, and other documents delivered by Lender to Broker setting forth Lender’s requirements for processing, underwriting and funding of Mortgage Loans under this Agreement; and Lender Guidelines shall also have that meaning set forth in Section 2.2 hereunder.
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Examples of Lender Guidelines in a sentence

  • Broker agrees that all forms, documents and procedures used by Broker in conjunction with the origination of the Mortgage Loan and in conjunction with the application and processing shall be in accordance with those forms, documents and procedures specifically required by Lender as set forth in the Lender Guidelines; or, if Lender has not provided a particular form, document, or procedure, the form, document, or procedure shall be the standard FNMA, HUD, VA or FHLMC form, document, or procedure.

  • Except as specified in the Lender Guidelines, as may be amended from time to time, Lender shall have no obligation or responsibility to pay or remit any compensation to Broker.

  • To the knowledge of Broker, no representation, warranty, or statement made by Broker in this Agreement or any representation, warranty or statement made by Broker or a Mortgagor in any document or instrument furnished or referred to in this Agreement or in the Lender Guidelines contains any untrue statement or omits or will omit to state a fact necessary to make the statements contained herein or therein not misleading.

  • Broker has complied with all terms and conditions of this agreement, the Lender Guidelines, and all legal requirements applicable to Broker, both general and in Broker’s handling of each Application and the preparation of the related documents and materials with respect to each loan.

  • All Mortgage Loan Application packages submitted to Lender under the terms of this Agreement shall comply with the Lender Guidelines relating to the type of Mortgage Loans which Lender is willing to consider funding from Broker.

  • Broker acknowledges that Lender shall be funding the Mortgage Loans in reliance upon the truth and accuracy of all the warranties, representations, covenants and agreements set forth in this Section, elsewhere in this Agreement, and in the Lender Guidelines.

  • In addition, Broker shall (i) provide Lender, in connection with each Application submitted to Lender for consideration, all documents enumerated in the Lender Guidelines, and (ii) assist ▇▇▇▇▇▇, as requested by ▇▇▇▇▇▇, in obtaining any additional information required to complete or update any Application Package.

  • In addition, Broker shall (i) provide Lender, in connection with each Application submitted to Lender for consideration, all documents enumerated in the Lender Guidelines, and (ii) assist Lender, as requested by Lender, in obtaining any additional information required to complete or update any Application Package.