Common use of Fully Funded Clause in Contracts

Fully Funded. Such Purchased Mortgage Loan is a “closed” loan. Each Purchased Mortgage Loan is fully funded.

Appears in 4 contracts

Sources: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (AmeriHome, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

Fully Funded. Such Except with respect to HELOCs, such Purchased Mortgage Loan is a “closed” loan. Each Purchased Mortgage Loan is fully funded.

Appears in 1 contract

Sources: Master Repurchase Agreement (loanDepot, Inc.)