Examples of Conventional Mortgage Loan in a sentence
Mortgages (5/1/19)68 The QC review of each Conventional Mortgage Loan that reaches EPD status is required, even if the Mortgage Loan has subsequently been brought current.
Additionally, at the time of submission of the Mortgage Loan for purchase, the Mortgage Lender shall provide evidence satisfactory to the Servicer that the Mortgage Lender has applied for FHA Insurance, a VA Guaranty, or a USDA Rural Development Guaranty, or in the case of a Conventional Mortgage Loan, that the Mortgage Lender has received a binding commitment from a PMI Insurer or otherwise meets Xxxxxxx Mac or Xxxxxx Mae requirements.
Additionally, at the time of submission of the Mortgage Loan for purchase, the Mortgage Lender shall provide evidence satisfactory to the Servicer that the Mortgage Lender has applied for FHA Insurance or VA, RD or HUD Guaranty and otherwise meets Xxxxxx Mae requirements or in the case of a Conventional Mortgage Loan shall provide a binding certificate of insurance from the PMI Insurer or otherwise meets Xxxxxx Xxx or Xxxxxxx Mac requirements, as applicable.
Conventional Mortgage Loans will be purchased by the Servicer with a 1.00% SRP, and therefore Lender compensation of 2.25% will obtain with respect to a Conventional Mortgage Loan under the Program.
Mortgages The QC review of each Conventional Mortgage Loan that reaches EPD status is required, even if the Mortgage Loan has subsequently been brought current.