Common use of Compensation paid by the Borrower Clause in Contracts

Compensation paid by the Borrower. Borrower-Paid Compensation is compensation paid by the borrower to Broker from the borrower's own funds. Borrower-Paid Compensation may include seller concessions. Borrower-Paid Compensation is directly negotiated between Broker and borrower and may vary with each application, provided that, once Borrower-Paid Compensation is agreed upon and determined between Broker and borrower, it may not change. RS will not be responsible nor a party to any Broker negotiations with borrowers in a Borrower-Paid Broker Compensation transaction. BY SELECTING TO BE PAID BY THE BORROWER, BROKER MAY NOT RECEIVE ANY COMPENSATION DIRECTLY OR INDIRECTLY FROM ANY OTHER PARTY OR ENTITY TO THE TRANSACTION, OR OUTSIDE OF THE TRANSACTION, INCLUDING FROM RS. RS limits compensation paid by the Borrower to a maximum of 3.00% of the loan amount. The broker may submit “Borrower-Paid Compensation” loan applications to RS with any compensation level up to the maximum allowed. Borrower-Paid Compensation is an agreement of compensation between the Broker and the Borrower and is agreed to prior to submitting the file to RS.

Appears in 2 contracts

Samples: Broker Approval Agreement, Broker Approval Agreement

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Compensation paid by the Borrower. Borrower-Paid Compensation is compensation paid by the borrower to Broker from the borrower's own funds. Borrower-Borrower- Paid Compensation may include seller concessions. Borrower-Paid Compensation is directly negotiated between Broker and borrower and may vary with each application, provided that, once Borrower-Paid Compensation is agreed upon and determined between Broker and borrower, it may not change. RS will not be responsible nor a party to any Broker negotiations with borrowers in a Borrower-Paid Broker Compensation transaction. BY SELECTING TO BE PAID BY THE BORROWER, BROKER MAY NOT RECEIVE ANY COMPENSATION DIRECTLY OR INDIRECTLY FROM ANY OTHER PARTY OR ENTITY TO THE TRANSACTION, OR OUTSIDE OF THE TRANSACTION, INCLUDING FROM RS. RS limits compensation paid by the Borrower to a maximum of 3.00% of the loan amount. The broker may submit “Borrower-Paid Compensation” loan applications to RS with any compensation level up to the maximum allowed. Borrower-Paid Compensation is an agreement of compensation between the Broker and the Borrower Borrower, and is agreed to prior to submitting the file to RS.

Appears in 1 contract

Samples: Redstone Wholesale

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Compensation paid by the Borrower. Borrower-Paid Compensation is compensation paid by the borrower to Broker from the borrower's own funds. Borrower-Borrower- Paid Compensation may include seller concessions. Borrower-Paid Compensation is directly negotiated between Broker and borrower and may vary with each application, provided that, once Borrower-Paid Compensation is agreed upon and determined between Broker and borrower, it may not change. RS ACRA LENDING will not be responsible nor a party to any Broker negotiations with borrowers in a Borrower-Paid Broker Compensation transaction. BY SELECTING TO BE PAID BY THE BORROWER, BROKER MAY NOT RECEIVE ANY COMPENSATION DIRECTLY OR INDIRECTLY FROM ANY OTHER PARTY OR ENTITY TO THE TRANSACTION, OR OUTSIDE OF THE TRANSACTION, INCLUDING FROM RSFROMACRA LENDING. RS ACRA LENDING limits compensation paid by the Borrower to a maximum of 3.00% of the loan amount. The broker may submit “Borrower-Paid Compensation” loan applications to RS ACRA LENDING with any compensation level up to the maximum allowed. Borrower-Paid Compensation is an agreement of compensation between the Broker and the Borrower Borrower, and is agreed to prior to submitting the file to RS.ACRA LENDING. 00000 Xxxxxxxxxxxx Xxxxx, Xxxxx 000, Xxxx Xxxxxx XX 00000 (000) 000-0000 | xxx.xxxxxxxxxxx.xxx

Appears in 1 contract

Samples: Wholesale Broker Agreement

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