Examples of Compliance Package in a sentence
After the Authority has reviewed and approved the Compliance Package, the Mortgage File will be reviewed by the Servicer pursuant to the Program Manual which sets forth procedures for all Mortgage Lenders by the Authority and Servicer, prior to the Purchase Date arranged for the Mortgage Loan between the Servicer and Mortgage Lender consistent with Section 4.09(b) and (f) hereto.
The examination and acceptance of a Mortgage File by the Servicer hereunder shall not constitute a waiver of any warranty, representation or covenant by the Mortgage Lender or the Mortgagor with respect to the Mortgage Loan to which the Compliance Package and Mortgage File pertains.
The Mortgage Lender shall pay all costs of preparing and furnishing the Compliance Package and the Mortgage File to the Authority and Servicer.
The Authority will review the Compliance Package and either approve such Mortgage Loan or communicate any conditions that must be resolved to the Mortgage Lender.
The Mortgage Lender may submit the Compliance Package to the Authority at any time after the Mortgage Loan reservation.