Examples of Participating Lender in a sentence
A refund of the DPA from IHCDA to the Participating Lender is not allowed.
In addition, if the Master Servicer is unable to purchase the loan, the Participating Lender must return the funds associated with the Second Mortgage to IHCDA within thirty (30) days after receiving notification from the Master Servicer that it is unable to purchase the loan.
The Participating Lender is required to input the Title Insurance Company’s ACH/routing information into IHCDA Online when the loan has reached the Committed “Approved” stage.
The Participating Lender is not allowed to fund the DPA at the time of closing.
If the First Mortgage is not purchased by the Master Servicer or sub-servicer, for any reason, the originating Participating Lender shall retain the First Mortgage and Second Mortgage.