Common use of Change endorsements Clause in Contracts

Change endorsements. For each loan in the transfer, notification of the transfer should be mailed to the insurance carriers and applicable insurance agents to substitute the lender loss payable endorsement on hazard and private mortgage insurance policies. If it is determined the flood contracts are transferring the change should occur as well. These notices must be mailed 15 days prior to the Transfer Date and include reference to the WaMu loan number.

Appears in 4 contracts

Samples: Whole Loan Purchase Agreement (Multi-Class Mortgage Pass-Through Cert Series 2003-12), Whole Loan Purchase Agreement (Abn Amro Mortgage Multi-Class Mor Pas THR Cer Ser 2003-11), Whole Loan Purchase Agreement (Abn Amro Mort Corp Multi Class Mort Pass THR Cert Ser 2003-4)

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Change endorsements. For each loan in the transfer, notification of the transfer should be mailed to the insurance carriers and applicable insurance agents to substitute the lender loss payable endorsement on hazard and private mortgage insurance policies. If it is determined the flood contracts are transferring the change should occur as well. These notices must be mailed 15 days prior to the Transfer Date and include reference to the WaMu WAMU loan number.

Appears in 1 contract

Samples: Whole Loan Purchase Agreement (Abn Amro Mort Sec Multi Class Mort PSTHR Certs Ser 2003-13)

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