Loan Application Package(s) definition

Loan Application Package(s) means the documentation necessary for Lender to determine Applicant’s eligibility for a loan and compliance with Lender’s Underwriting Guidelines, including but not limited to: a completed credit application; credit report(s); verifications of income, liabilities, and net worth; business entity financial statements; and, appraisal report(s).
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Loan Application Package(s) means the documentation necessary for Iron Oak to determine Consumer’s eligibility for a Loan and compliance with Iron Oak’s Underwriting Guidelines, including but not limited to: completed FNMA 1003 credit application; credit report(s); verification(s) of income, assets and liabilities; verification(s) of employment; verification of rent, if applicable; and appraisal report(s) performed by an independent, licensed appraiser that sets forth the fair market value of the collateral property.
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Examples of Loan Application Package(s) in a sentence

  • Upon termination, Broker shall, within five (5) days deliver to AH a mutually acceptable list of any Loan Application Packages submitted to AH prior to the termination of this Agreement which are either approved for funding or pending further review.

  • AH shall have the right to review the Broker’s files related to Loan Application Packages submitted to AH, and Broker shall make such records available to AH during Broker's normal business hours.

  • The statements and representations in this Agreement and all Loan Application Packages submitted to AH are made on an on-going basis and shall be true, complete and accurate throughout the term of this Agreement.

  • Mortgage Broker shall maintain accurate books and records with respect to all Loan Application Packages.

  • As of the effective date of the termination, UCB shall cease accepting Loan Application Packages with respect to FHA Mortgage Loans, but will continue to process, close and fund FHA Mortgage Loans for previously submitted Loan Application packages.

  • Upon termination, Broker shall, within five (5) days deliver to Arc a mutually acceptable list of any Loan Application Packages submitted to Arc prior to the termination of this Agreement which are either approved for funding or pending further review.

  • Mortgage Broker will, at Mortgage Broker's sole cost and expense, prepare, process and submit Loan Application Packages to Iron Oak for funding consideration, and facilitate the closing of Loan Application Packages approved for funding by Iron Oak.

  • Iron Oak and its agents or representatives shall have the right to inspect Mortgage Broker's books and records during regular business hours and upon reasonable notice in order to confirm the accuracy of information supplied by Mortgage Broker to Iron Oak with respect to any Loan Application Packages and this Agreement and to confine Mortgage Broker's compliance with this Agreement.

  • Equipment furnished by the Company shall remain its property and shall be returned to the Company whenever requested, within a reasonable period following the request, in good condition, reasonable wear and tear accepted.

  • In connection with any and all Loan Application Packages submitted to Lender, Mortgage Broker shall only use real estate appraisers, credit reporting agencies or other settlement service providers or vendors that are properly licensed and comply in all respects with all applicable state and federal laws.