Common use of Making the Revolving Advances Clause in Contracts

Making the Revolving Advances. In order to obtain an Advance, Borrower shall electronically provide WFHM through the System with the following: (a) verified personal and credit information regarding the borrower(s); (b) loan registration information; (c) property and appraisal information; (d) underwriting approval information; and (e) a request for funding. Upon fulfillment of the applicable conditions set forth in Article III hereof, WFHM shall disburse the amount of the requested Advance by crediting the same to the Collateral Account or in such other manner as WFHM and the Borrower may from time to time agree. The Borrower shall be obligated to repay all Advances made based on Borrower's submission of the above–referenced information. Any request for an Advance, whether written or telephonic, shall be deemed to be a representation that the statements set forth in Section 3.2 are correct to the best of Borrower’s knowledge.

Making the Revolving Advances. In order to obtain an Advance, Borrower shall electronically provide WFHM through the System with the following: (a) verified personal and credit information regarding the borrower(s); (b) loan registration information; (c) property and appraisal information; (d) underwriting approval information; and (e) a request for funding. Upon fulfillment of the applicable conditions set forth in Article III hereof, WFHM shall disburse the amount of the requested Advance by crediting the same to the Collateral Account or in such other manner as WFHM and the Borrower may from time to time agree. The Borrower shall be obligated to repay all Advances made based on Borrower's ’s submission of the above–referenced information. Any request for an Advance, whether written or telephonic, shall be deemed to be a representation that the statements set forth in Section 3.2 are correct to the best of Borrower’s knowledge.