Loan Transfer definition

Loan Transfer has the meaning set forth in Section 7.7(b).

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Loan Transfer means a transfer of a Loan between the Borrowers in accordance with Clause 25.2 (Borrower transfer).

Loan Transfer means an acquisition or disposal by the reporting agent of a loan or pool of loans, achieved either by transfer of ownership or by sub-participation;

Examples of Loan Transfer in a sentence

The Purchaser hereby agrees to reimburse the Seller for reasonable “out-of-pocket” expenses incurred by the Seller that relate to such Whole Loan Transfer, including without limitation reimbursement for the amount which reasonably reflects time and effort expended by the Seller in connection therewith.
Any prospective assignees of the Purchaser who have entered into a commitment to purchase any of the Mortgage Loans in a Whole Loan Transfer may review the Seller’s servicing and origination operations, upon reasonable prior notice to the Seller, and the Seller shall cooperate with such review and underwriting to the extent such prospective assignees request information or documents that are available and can be produced without unreasonable expense or effort.
In no event shall the Seller service, or bear any obligation for the servicing of, any Mortgage Loan into any Securitization Transaction, Whole Loan Transfer, or in connection with the reconstitution of any Mortgage Loan.
In connection therewith, the Purchaser shall deliver any Reconstitution Agreement or other document related to the Whole Loan Transfer to the Seller at least fifteen (15) days prior to such transfer and the Seller shall execute any Reconstitution Agreement that restates the representations and warranties contained in Subsection 7.01 as of the related Closing Date and Subsection 7.02 herein as of the Reconstitution Date.
It is understood and agreed by the Purchaser and the Seller that the right to effectuate such Whole Loan Transfer or Securitization Transaction as contemplated by this Section 32 is limited to the Purchaser.

More Definitions of Loan Transfer

Loan Transfer means any pledge, sale, transfer or assignment by Lender of the Loan, the Loan Documents or the servicing rights with respect to the Loan (or any portion thereof and/or interest therein).

Loan Transfer. Any sale or transfer by the Purchaser of some or all of the Mortgage Loans.

Loan Transfer means a transaction in which the servicing of a block of mortgage loans is transferred from one servicer to another. This includes, but is not limited to, a transfer of servicing to a new servicing location that occurs within a financial institution following, and as a result of, a merger or acquisition.

Loan Transfer means a transaction in which the servicing of a block of mortgage loans is transferred from one servicer to another.

Loan Transfer has the meaning set forth in Section 10.

Loan Transfer the assignment and transfer of the Loan under the Loan Assignment Agreement

Loan Transfer. The sale or transfer of some or all of the ownership interest in the Mortgage Loans by the Owner to one or more third parties in whole loan or participation format, which third party may be ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac.