Underwriting and Servicing definition
Examples of Underwriting and Servicing in a sentence
All leases of the residential housing units in the Property must (a) be legally valid, binding and enforceable obligations of the tenants, (b) comply with all applicable laws and (c) satisfy the standards of the ▇▇▇▇▇▇ ▇▇▇ Delegated Underwriting and Servicing Guide in its present form as of the date of any such lease.
Subject to compliance with the terms and limitations set forth below, and the terms, representations and warranties and the covenants in the Agreement (including applicable Exhibits), each of the following Mortgage Loans is an Eligible Loan for purposes of the Agreement: Definition: A permanent Mortgage Loan on a Multifamily Property originated by Borrower under ▇▇▇▇▇▇ Mae’s Delegated Underwriting and Servicing Guide.
Any selling or servicing authority or other approval necessary or desired by Licensee to conduct business with ▇▇▇▇▇▇ Mae must be obtained separately and will be granted only upon execution of a separate Contract between Licensee and ▇▇▇▇▇▇ ▇▇▇ expressly granting Delegated Underwriting and Servicing (DUS) and non-DUS approvals.
Metris shall send Fingerhut an invoice for the Net Price, which shall include the Marketing Management Fee and Underwriting and Servicing Fee for all Extended Service Agreements sold during the month for Merchandise that has been shipped, less cancellations or returns of such Extended Service Agreements.
The Company is an approved ▇▇▇▇▇▇ ▇▇▇ Delegated Underwriting and Servicing lender throughout the United States, a ▇▇▇▇▇▇▇ Mac Program Plus lender in 22 states, the District of Columbia and the metropolitan New York area, a Department of Housing and Urban Development Multifamily Accelerated Processing lender throughout the United States, and a Government National Mortgage Association issuer, and has not received any notice of proceedings relating to the revocation or modification of any such approval.
Borrower Parties acknowledge that the DUS Properties are currently subject to liens under the ▇▇▇▇▇▇ ▇▇▇ Delegated Underwriting and Servicing program and are serviced by Lender.
Notwithstanding the foregoing, if Lender applies insurance proceeds to the Indebtedness in connection with a casualty of less than an entire Mortgaged Property, then Lender shall permit an adjustment to the Monthly Debt Service Payments that become due and owing thereafter, based on the Underwriting and Servicing Requirements.
The Borrowers represent and warrant to the Agent and the Lenders, as of the date of this Agreement and as of the date of each Advance Request by the Borrowers and the making of each Advance to the Borrowers, that the Borrowers have met the capital requirements stated in, and maintain adequate DUS Loan Loss Reserves (if any) required under, ▇▇▇▇▇▇ Mae’s Delegated Underwriting and Servicing Guide for each ▇▇▇▇▇▇ ▇▇▇ Mortgage Loan to be funded by such Advance.
This definition shall include any permanent Mortgage Loan on a Multifamily Property originated by the Borrower pursuant to a ▇▇▇▇▇▇ ▇▇▇ credit facility provided by ▇▇▇▇▇▇ Mae, and in accordance with ▇▇▇▇▇▇ Mae’s Delegated Underwriting and Servicing Guide.
A permanent Mortgage Loan on a Property originated by a Borrower under ▇▇▇▇▇▇ Mae’s Delegated Underwriting and Servicing Guide.