Retail Production definition

Retail Production means Production that was originated by Company employees, including Production originated through outbound or inbound internet or email, telemarketing, or direct mail for purchase or refinance purposes. Retail Production (i) includes Mortgage Loans originated through the channels described by the Company as “Retail Lead”, “Retail Street”, “Agent Referral” and “Builder Referral” (provided, that the inclusion of “Agent Referral” and “Builder Referral” in the definition of Retail Production is contingent upon the Company’s relative pricing margins for these channels, as reflected in rate sheet pricing less any fees, concessions, rebates, commissions or other payments related to sourcing of the loan, remaining consistent with the pricing margins of the other Retail Production channels) and (ii) excludes any Wholesale/Correspondent Mortgage Loans.
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Examples of Retail Production in a sentence

  • Within three (3) days of the receipt thereof, Employee shall forward to Company’s principal office, marked to the attention of Senior Vice President, Retail Production Manager, all notices received by Employee, including notices from any regulatory agencies, legal summons, garnishments, attachments, executions, noticed of intended legal or administrative action, and any other notices which may require a response by Company.

  • Employee shall comply with all duties and requirements imposed on Employee, as a regional manager and employee, as set forth in the Company Policies, and shall cause all employees of Company who are assigned to work at the Retail Production branch offices (the “Production Employees”) to comply with the Company Policies.

  • Within one hundred twenty (120) days after the end of each Measurement Period, Buyer shall deliver to the Securityholder Representative a written statement (an “Earn-Out Statement”) setting forth in reasonable detail Buyer’s proposed determination of Earn-Out Net Income, Retail Production, Other Production, Total Annual Production and the amounts of the Earn-Out Payments, if any, for such Measurement Period, and the basis for Buyer’s determination thereof.