Limited Documentation Program definition

Limited Documentation Program. The guidelines under which the Seller generally originates Mortgage Loans principally on the basis of the Loan-to-Value Ratio of the related Mortgage Loan and the creditworthiness of the Mortgagor.
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Limited Documentation Program. The guidelines under which the Originator generally originates Mortgage Loans principally on the basis of the Loan-to-Value Ratio of the related Mortgage Loan and the creditworthiness of the Mortgagor.
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Limited Documentation Program. The guidelines set forth on Exhibit 11 hereto under which the Seller generally originates Mortgage Loans principally on the basis of the Loan-to-Value Ratio of the related Mortgage Loan and the creditworthiness of the Mortgagor. The maximum Loan-to-Value Ratio permitted under the Limited Documentation Program is 75%.
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Examples of Limited Documentation Program in a sentence

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller’s underwriting guidelines.

  • No fraud, error, omission (other than omissions in accordance with the Seller's Underwriting Guidelines with respect to Mortgage Loans originated under a Limited Documentation Program), misrepresentation or similar occurrence with respect to a Mortgage Loan has taken place on the part of any Person, including without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the underwriting, origination or servicing of the Mortgage Loan.

  • No fraud, error, omission (other than omissions in accordance with the Responsible Party's Underwriting Guidelines with respect to Mortgage Loans originated under a Limited Documentation Program), misrepresentation or similar occurrence with respect to a Mortgage Loan has taken place on the part of any Person, including without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the underwriting, origination or servicing of the Mortgage Loan.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with the applicable Seller’s Underwriting Guidelines.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller's Product Guidelines.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller’s Underwriting Guidelines.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller’s Underwriting Standards.

Related to Limited Documentation Program

  • Related Documentation means, with respect to Software, all materials, documentation (including control documentation utilized in connection with an audit), specifications, technical manuals, user manuals, flow diagrams, file descriptions and other written information that describes the function and use of such Software, but excluding source code.

  • User Documentation means that documentation regarding the operation, guidelines and features and functionality of Clover Insights that is made available to you from time to time at the website, by internet link or otherwise. User Documentation may be modified from time to time by First Data or its third party provider(s).

  • Program Documentation refers to the user manuals, help windows, readme files for the Services and any Oracle Software. You may access the documentation online at ▇▇▇▇://▇▇▇▇▇▇.▇▇▇/contracts or such other address specified by Oracle.

  • Acquisition Documentation collectively, the Acquisition Agreement and all schedules, exhibits and annexes thereto and all side letters and agreements affecting the terms thereof or entered into in connection therewith.

  • Software Documentation means software information, being technical information used, or useful in, or relating to the design, development, use or maintenance of any version of a software programme.