SMDU, definition
Examples of SMDU, in a sentence
Licensee acknowledges that Applicable Laws in certain states may prevent Licensee from fully implementing all of the recommended terms of a modification specified in the SMDU Analysis.
As Licensee's agent, ▇▇▇▇▇▇ ▇▇▇ shall, and is hereby expressly authorized by Licensee to, obtain Consumer Credit Data for the sole purpose of making a workout recommendation and otherwise performing an SMDU Analysis.
Notwithstanding the Section of the Master Terms captioned "Independent Parties,” Licensee hereby expressly acknowledges, understands and agrees that, in the processing and evaluation of Consumer Credit Data by the Licensed Application for purposes of making a workout recommendation and otherwise performing an SMDU Analysis, ▇▇▇▇▇▇ ▇▇▇, as owner of the Licensed Application, shall be the agent of Licensee, as that term is defined in the FCRA.
If Licensee and its Client Servicer are in full compliance with the conditions set forth in (a) above, Licensee or its Client Servicer will have no liability to ▇▇▇▇▇▇ Mae resulting from its reasonable reliance on the accuracy of the SMDU Analysis.
Licensee also represents and warrants that loan modifications made by it pursuant to a recommendation specified in the SMDU Analysis will comply with Applicable Laws.
If Licensee has determined that it is required by the Equal Credit Opportunity Act (ECOA) to provide the Customer a copy of certain property valuation information Licensee has obtained using the Licensed Application, Licensee must provide the Customer a document (the “Valuation Disclosure”) that contains the following information extracted from the SMDU response file: the standardized address, predicted value, confidence score and response date/timestamp.
If Licensee has determined that it is required by the Equal Credit Opportunity Act (ECOA) to provide a Customer a copy of certain property valuation information Licensee has obtained using the Licensed Application, Licensee must provide the Customer a document (the “Valuation Disclosure”) that contains the following information extracted from the SMDU response file: the standardized address, predicted value, confidence score and response date/timestamp.
The additional terms and conditions in this Part II shall be applicable to the Licensed Application known as Servicing Management Default Underwriter, or SMDU.
The additional terms and conditions in this Part II apply to the Licensed Application known as Servicing Management Default Underwriter, or SMDU (the “Licensed Application” under this Section).
Instead, Licensee must provide the Customer a document (the “Valuation Disclosure”) that contains the following information extracted from the SMDU response file: the standardized address, predicted value, confidence score and response date/timestamp.