Sponsoring Lender definition

Sponsoring Lender means any third-party financial institution (i) which selects Licensee to offer its mortgage loan products and to communicate with such institution by means of the Licensed Application, which communication includes the submission and receipt of mortgage loan product information and Licensee's submission to Sponsoring Lender of residential mortgage loan applications and consumer reports obtained via the Credit Retrieval Module, and (ii) with which Licensee maintains an independent contractual relationship.
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Sponsoring Lender means any third-party financial institution with which Licensee maintains an independent contractual relationship that authorizes Licensee to offer its loan products and communicate with it in conjunction with the origination of residential mortgage loans via the Licensed Application, which communication includes the submission and receipt of loan product information and Licensee's submission to Sponsoring Lender of loan applications and consumer reports obtained via the Credit Retrieval Module.
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Sponsoring Lender means any third-party financial institution (i) which selects Licensee to offer its mortgage loan products and to communicate with such institution by means of the Licensed Application, which communication includes the submission and receipt of mortgage loan product information and Licensee's submission to Sponsoring Lender of residential mortgage loan applications and consumer reports obtained via the Credit Retrieval Module, and (ii) with which Licensee maintains an independent contractual relationship. "Truth-in-Lending Act" shall mean that federal law, codified at 15 U.S.C. 1601 et seq., which mandates certain disclosures in residential mortgage loan transactions, and its implementing regulation, Regulation Z, and the Official Staff Commentary to Regulation Z, as applicable.
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Examples of Sponsoring Lender in a sentence

  • Under such and certain other circumstances, Licensee may need to print out hard copies of the consumer reports and uniform residential loan applications prior to submitting the related loan casefiles to a Sponsoring Lender.

  • As of the effective date of this Schedule, the Licensed Application is designed to facilitate the communication and exchange of certain data (a) between Licensee and each Sponsoring Lender, and (b) in the case of the Credit Retrieval Module, between Licensee and consumer reporting agencies accessible through the Credit Retrieval Module.

  • Prior to using the Licensed Application, Licensee must register at least one Sponsoring Lender with ▇▇▇▇▇▇ ▇▇▇ and thereafter retain at least one Sponsoring Lender throughout the term of this Schedule.

  • Moreover, any such CLO access fee, any CLO access fee charged to the Sponsoring Lender, and the use of the Licensed Application for CLO-type services will in all other respects comply with RESPA.

  • Prior to using the Licensed Application, Licensee shall register with ▇▇▇▇▇▇ ▇▇▇ and identify at least one Sponsoring Lender.

  • A breach of any such agreement between Licensee and a Sponsoring Lender, which breach arises from and is directly related to Licensee's use of the Licensed Application, shall result in a breach of the warranty set forth in this Section.

  • Licensee hereby represents and warrants that it shall abide by those terms and conditions of any contractual relationship to which it is a party with a Sponsoring Lender which bear on or are affected by Licensee's use of the Licensed Application.

  • Licensee agrees that its access to data from the Licensed Application will terminate upon its electronic submission of such data to the Sponsoring Lender.

  • Moreover, any such CLO access fee, any CLO access fee charged to the Sponsoring Lender, and the use of the Licensed Application for CLO-type services shall in all other respects comply with RESPA, including any amendments thereto.

  • Licensee represents and warrants that it will abide by those terms and conditions of any contractual relationship to which it is a party with a Sponsoring Lender which bear on or are affected by Licensee's use of the Licensed Application.