Loans in Inventory definition

Loans in Inventory means all Mortgage Loans owned by Seller (subject to any Encumbrances granted under any Seller Warehouse Facilities) that, as of 5:00 p.m. Pacific time on the Closing Date, were funded and closed by and in the name of Seller and which Mortgage Loan has not been subject to a completed Disposition.
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Loans in Inventory means any loan funded by a Party as of the Closing Date and not yet purchased by an investor.
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Loans in Inventory means those Mortgage Loans which, as of the Closing, have been funded by or on behalf of Seller and which have not been delivered to or, if delivered, for which the purchase price due has not been paid by, an Investor.
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Examples of Loans in Inventory in a sentence

  • The Contributed CGL Assets constitute all of the material assets, rights and services, required for the continued administration of CGL’s Servicing Rights and closing of CGL’s Committed Loans and Loans in Inventory by the Company.

  • Seller shall have the right to accept or reject the pricing set forth in the Pricing Notice for all (but not less than all) Loans in Inventory on the Closing Inventory List for which Purchaser has specified a price in the Pricing Notice within the time period prescribed by Purchaser in the Pricing Notice.

  • At least four (4) Business Days prior to Closing, Seller shall submit to Purchaser (a) a list (the “Closing Inventory List”) of all Loans in Inventory that Seller wishes Purchaser to purchase at the Closing, and (b) such information as is reasonably necessary for Purchaser to price such Loans in Inventory.

  • Subcontractor Solicitation and Utilization Report (SSUR) – submitted with proposal in response to formal and informal Requests for Proposals (RFPs).


More Definitions of Loans in Inventory

Loans in Inventory shall include all "Receivables" owned by such Person, provided that:
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