Loan Boarding definition

Loan Boarding means the process by which Client submits new Mortgage Loans to Servicer for the purpose of servicing, and the conditional acceptance of such Mortgage Loans by Servicer, depending on factors including, but not limited to, the completeness of the data submitted with the files. Servicer shall notify Client of the minimum Data Requirements on a Loan Boarding Addendum attached hereto and incorporated herein as Exhibit B.
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Examples of Loan Boarding in a sentence

  • Standard Electronic files to be transferred to or from FA • Credit Bureau Reporting Files (Experian, Equifax, or Transunion) • Lockbox Files (retail and wholesale) • Western Union Quick Collect File • Western Union Phone Pay File • ACH File • New Loan Boarding File (Origination system file) • Data extract File • Returned Item File (if applicable) • Deboarding File IVR Interactive Voice Response system, which is component of the In Contact platform, a product licensed by FA.

  • Late Charges Servicer Retains This Loan Boarding Addendum ("Addendum") is entered into pursuant to, and incorporates herein by reference, the terms and conditions of the Servicing Agreement, entered into as of October 20, 2017 (the "Agreement"), by and between “Client") and Inc.

  • If buyer signs contract with LHFS and keeps servicing with LHFS, de-boarding fee is waived This Loan Boarding Addendum (“Addendum”) is entered into pursuant to, and incorporates herein by reference, the terms and conditions of the Servicing Agreement, entered into as of March 26, 2019 (the “Agreement”), by and between AF 2019 NPL A, LLC (“Client”) and Land Home Financial Services, Inc.

  • This Loan Boarding Addendum (“Addendum”) is entered into pursuant to, and incorporates herein by reference, the terms and conditions of the Servicing Agreement, entered into as of ________________ (the “Agreement”), by and between ____________ (“Client”) and Land Home Financial Services, Inc.

  • Set up of loan closed according to current matrix (Exhibit C) on Alltel Servicing System based upon complete loan information provided by New Century and documented on the New Loan Boarding sheet (Exhibit B).