Common use of AFFILIATED SETTLEMENT SERVICE PROVIDERS Clause in Contracts

AFFILIATED SETTLEMENT SERVICE PROVIDERS. 8.1 Broker acknowledges and agrees to: (i) immediately notify AH of any Affiliated Settlement Service Providers and (ii) identify all fees paid to Affiliated Settlement Service Providers on all Loan Application Packages and Closing Document Request Forms. 8.2 Broker understands and acknowledges that it must complete “Exhibit A” of this Agreement and receive separate approval from AH to use any Affiliated Settlement Service Providers. To be approved, Broker understands that additional financial and disclosure requirements may be required. AH maintains the right to change from time to time, the additional requirements for approval to use Affiliated Service Providers in connection with their Loans. 8.3 Broker must include all Affiliated Settlement Service Providers on “Exhibit A” to this Agreement irrespective of whether Broker plans on using its Affiliated Settlement Service Providers. Broker must update “Exhibit A” to this Agreement before: (a) Broker closes any loan that involves the use of any Affiliated Settlement Service Provider; or (b) within 10 days of any changes or additions made to the Brokers Affiliated Settlement Service Providers, whichever is sooner. 8.4 Broker acknowledges and agrees that failure to comply with Section VIII constitutes an event of default under this Agreement.

AFFILIATED SETTLEMENT SERVICE PROVIDERS. 8.1 Broker Xxxxxx acknowledges and agrees to: (i) immediately notify AH of any Affiliated Settlement Service Providers and (ii) identify all fees paid to Affiliated Settlement Service Providers on all Loan Application Packages and Closing Document Request Forms. 8.2 Broker understands and acknowledges that it must complete “Exhibit A” of this Agreement and receive separate approval from AH to use any Affiliated Settlement Service Providers. To be approved, Broker Xxxxxx understands that additional financial and disclosure requirements may be required. AH maintains the right to change from time to time, the additional requirements for approval to use Affiliated Service Providers in connection with their Loans. 8.3 Broker must include all Affiliated Settlement Service Providers on “Exhibit A” to this Agreement irrespective of whether Broker plans on using its Affiliated Settlement Service Providers. Broker must update “Exhibit A” to this Agreement before: (a) Broker closes any loan that involves the use of any Affiliated Settlement Service Provider; or (b) within 10 days of any changes or additions made to the Brokers Affiliated Settlement Service Providers, whichever is sooner. 8.4 Broker Xxxxxx acknowledges and agrees that failure to comply with Section VIII constitutes an event of default under this Agreement.