Closing Protection Letter. A document issued by a title insurance company to Seller and/or Buyer and relied upon by Buyer to provide closing protection for one or more mortgage loan closings and to insure Seller and/or Buyer, without limitation, against embezzlement by the Closing Agent and loss or damage resulting from the failure of the Closing Agent to comply with all applicable closing instructions.
Appears in 13 contracts
Samples: Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Caliber Home Loans, Inc.)
Closing Protection Letter. A document issued by a title insurance company to a Seller Party and/or Buyer and relied upon by Buyer to provide closing protection for one or more mortgage loan closings and LEGAL02/40464938v16 to insure such Seller Party and/or Buyer, without limitation, against embezzlement by the Closing Agent and loss or damage resulting from the failure of the Closing Agent to comply with all applicable closing instructions.
Appears in 1 contract
Samples: Master Repurchase Agreement (Rocket Companies, Inc.)
Closing Protection Letter. A document issued by a title insurance company to Seller Guild Parties and/or Buyer and relied upon by Buyer to provide closing protection for one or more mortgage loan closings and to insure Seller Guild Parties and/or Buyer, without limitation, against embezzlement by the Closing Agent and loss or damage resulting from the failure of the Closing Agent to comply with all applicable closing instructions.
Appears in 1 contract
