Settlement Agent definition
Settlement Agent means, with respect to any Transaction the subject of which is a Wet-Ink Mortgage Loan, the entity approved by Buyer, in its sole good-faith discretion, which may be a title company, escrow company or attorney in accordance with local law and practice in the jurisdiction where the related Wet-Ink Mortgage Loan is being originated. A Settlement Agent is deemed approved unless Buyer notifies Seller otherwise at any time electronically or in writing.
Settlement Agent means a person licensed as a title insurance agent and registered with the Virginia
Settlement Agent means the same as that term is defined in § 55.1-1000.
Examples of Settlement Agent in a sentence
As of the Purchase Date of each Wet Loan (other than an eMortgage Loan or a Platform HELOC), the Settlement Agent has obtained an Insured Closing Letter, LEGAL/47989466v7 closing protection letter or similar authorization letter from a nationally recognized title insurance company that has been approved by ▇▇▇▇▇ in writing.
More Definitions of Settlement Agent
Settlement Agent means, with respect to any Transaction, the entity approved by Buyer, in its sole discretion, which may be a title company, escrow company or attorney in accordance with local law and practice in the jurisdiction where the proceeds of the related Mortgage Loan are being disbursed.
Settlement Agent shall have the meaning assigned thereto in the Custodial Agreement.
Settlement Agent means a person carrying on business as settlement agent in a State or Territory of the Commonwealth, being, in a case where the law of that State or Territory provides for the registration or licensing of persons who carry on such a business, a person duly registered or licensed under the law.
Settlement Agent means a title company, escrow company or attorney that is (i) bonded by an Approved Title Insurance Company and (ii) insured against errors and omissions in an amount reasonably satisfactory to Buyer in its sole discretion, to which the proceeds of any Transaction related to a Wet Loan are to be wired prior to the occurrence of such Transaction in accordance with local law and practice in the jurisdiction where the related Wet Loan is being originated.
Settlement Agent means a person other than a party to the real estate transaction who provides any
Settlement Agent means the same as that term is defined in § 6.1-2.20.
Settlement Agent means Investors Bank & Trust Company, a Massachusetts banking corporation, or successor thereto appointed by the Trustee as the Trustee’s agent for settling Creations and Redemptions with Authorized Participants