Common use of Automated Transfer Clause in Contracts

Automated Transfer. If the transfer is automated, Cenlar will require “Loan Master” prints on 10% of the loans for data integrity testing. These masters must be the same date as the Data Files. The required information must include: - Original Loan Information - All Balances - ARM Information - Buydown Information - Interest Only Information - Balloon Information - Applicable information on products as they pertain to transfer

Automated Transfer. If the transfer is automated, Cenlar will require “Loan Master” prints on 10% of the loans for data integrity testing. These masters must Business Partner to supply a loan number listing to be the same date as the Data Filesused for selection. The required information must include: - Original Loan Information - All Balances - ARM Information - Buydown Information - Interest Only Information - Balloon Information - Applicable information on products as they pertain to transfer