Loan Application Package Clause Samples

Loan Application Package. Broker shall provide, or cause to be provided to MBM, an application package (“Mortgage Loan Package”) for each Loan submitted to MBM for underwriting and funding. Each Mortgage Loan Package shall include the following: (a) applicable loan submission form as required by MBM; (b) a completed Uniform Residential Loan Application (Form 1003) signed by Applicant; (c) the initial good faith estimate of the dollar amount or range of each settlement charge Applicant is likely to incur in connection with the Loan and truth in lending disclosure form and other disclosures as required under applicable federal or state law; (d) all supporting documentation, including, but not limited to, credit reports, verifications of employment and deposit, and property appraisals; and (e) such other documents as MBM may from time to time reasonably request. Broker shall be responsible for causing each Loan application and supporting documentation, as may be required by MBM, to be prepared accurately and in accordance with MBMs policies and procedures in effect at the time such application is made. The property appraisal included in each Mortgage Loan Package shall be conducted by an appraiser acceptable to MBM It is understood and agreed that MBM will not collect, hold or be responsible for the disbursement of any Applicant trust funds.
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Loan Application Package. Broker shall provide, or cause to be provided to DFI Funding, an application package (“Mortgage Loan Package”) for each Loan submitted to DFI for underwriting and funding. Each Mortgage Loan Package shall include the following: (a) applicable Loan submission form, as required by DFI; (b) a completed Uniform Residential Loan Application (Form 1003) signed by Applicant and all disclosures as required by applicable federal or state law; (c) the initial good faith estimate of the dollar amount and/or a range for each settlement charge that Applicant is likely to incur in connection with the Loan; (d) all supporting documentation required by the applicable loan program, including, but not limited to, credit reports, verifications of employment and deposit, title work and property appraisals; and (e) such other documents as DFI Funding may from time to time reasonably request. Broker shall be responsible for causing each Loan application and supporting documentation, as may be required by DFI Funding, to be prepared accurately and in accordance with DFI’s policies and procedures in effect at the time such application is made. The property appraisal included in each Mortgage Loan Package shall be conducted by an licensed real estate appraiser acceptable to DFI . It is understood and agreed that DFI will not collect, hold or be responsible for the disbursement of any Applicant trust funds.
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Loan Application Package. Buyer shall provide the Pre-Qualifying Lender and the Outside Lender with all documents necessary to obtain Loan approval. Buyer will pay all fees and charges connected with obtaining the Loan directly to the lender involved. However, Buyer shall not be charged any fee by the Pre-Qualifying Lender unless the Pre-Qualifying Lender actually makes a Loan to Buyer.
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Related to Loan Application Package

  • Loan Application Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution;

  • Borrower’s Loan Application Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower’s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning ▇▇▇▇▇▇▇▇’s occupancy of the Property as ▇▇▇▇▇▇▇▇’s principal residence.

  • Borrowing Base Certificate The Administrative Agent shall have received a completed Borrowing Base Certificate duly executed by a financial officer of the Borrower, setting forth the calculation of the initial Borrowing Base as of the last day of the month preceding the date of the initial Advance under the Revolving Facility or the initial Letter of Credit.

  • Mortgage Loan Schedules The Mortgage Loan Seller agrees to provide to the Purchaser as of the date hereof a preliminary listing of the Mortgage Loans (the “Preliminary Mortgage Loan Schedule”) setting forth the information listed on Exhibit 2 to this Agreement with respect to each of the Mortgage Loans being sold by the Mortgage Loan Seller. If there are changes to the Preliminary Mortgage Loan Schedule, the Mortgage Loan Seller shall provide to the Purchaser as of the Closing Date a final schedule (the “Final Mortgage Loan Schedule”) setting forth the information listed on Exhibit 2 to this Agreement with respect to each of the Mortgage Loans being sold by the Mortgage Loan Seller to the Purchaser. The Final Mortgage Loan Schedule shall be delivered to the Purchaser on the Closing Date, shall be attached to an amendment to this Agreement to be executed on the Closing Date by the parties hereto and shall be in form and substance mutually agreed to by the Mortgage Loan Seller and the Purchaser (the “Amendment”). If there are no changes to the Preliminary Mortgage Loan Schedule, the Preliminary Mortgage Loan Schedule shall be the Final Mortgage Loan Schedule for all purposes hereof.

  • Borrowing Base Certificates (i) On or before the last day of each month from and after the date hereof, the Borrowers shall deliver to Collateral Agent, in form acceptable to Collateral Agent, a Borrowing Base Certificate as of the last day of the immediately preceding month, with such supporting materials as Collateral Agent shall reasonably request. If Collateral Agent shall request at any time (i) an Event of Default has occurred and is continuing or (ii) following an Excess Availability Triggering Event and continuing until the Cure Date or following the occurrence of a Default or Event of Default and so long as it is continuing, the Borrowers shall execute and deliver to Collateral Agent Borrowing Base Certificates on or before the third (3rd) Business Day of each week, provided that any referenced amounts with respect to unbilled Accounts will continue to be updated monthly. (ii) Together with each delivery of a Borrowing Base Certificate, the Borrower Representative shall deliver to Collateral Agent, in the form reasonably acceptable to Collateral Agent, a detailed accounts receivable and accounts payable aging of the Borrowers’ accounts aged by invoice date, account roll- forward with supporting details supplied from sales journals, collection journals, credit registers and any other records, unbilled accrued receivables report, unapplied deposits report, unbilled accrued payables reports, deferred revenue report, detailed list of Eligible Accounts and Eligible Unbilled Accounts, access to review new major contracts (MSAs and scope of work arrangements), sales tax accruals and a reconciliation to B▇▇▇▇▇▇▇’s general ledger and the Borrowing Base Certificate delivered by the Borrower as of such date and to such Borrower’s most recent financial statements and all with supporting information and materials as Collateral Agent shall reasonably request.