Complete Mortgage File Sample Clauses
The Complete Mortgage File clause defines the requirement for a comprehensive set of documents and information related to a mortgage loan. This typically includes the loan application, credit reports, appraisals, title documents, and any other materials necessary to evaluate, underwrite, and service the loan. By specifying what constitutes a complete file, the clause ensures that all parties have access to the full documentation needed for due diligence, risk assessment, and regulatory compliance, thereby reducing the risk of errors or omissions in the mortgage process.
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Complete Mortgage File. With respect to each Mortgage Loan, to the extent that the failure to deliver the same would constitute a “Material Document Defect” in the Pooling and Servicing Agreement and/or Mortgage Loan Purchase Agreement, (i) a copy of the Mortgage File for each Mortgage Loan and (ii) originals or copies of all financial statements, appraisals, environmental reports, engineering reports, seismic assessment reports, leases, rent rolls, Insurance Policies and certificates, legal opinions and tenant estoppels in the possession or under the control of such Mortgage Loan Seller that relate to such Mortgage Loan, will be or have been delivered to the Master Servicer with respect to each Mortgage Loan by the deadlines set forth in the Pooling and Servicing Agreement and/or Mortgage Loan Purchase Agreement. For the avoidance of doubt, the Mortgage Loan Seller shall not be required to deliver any attorney-client privileged communication, draft documents or any documents or materials prepared by it or its Affiliates for internal uses, including without limitation, credit committee briefs or memoranda and other internal approval documents.
Complete Mortgage File. The Custodian shall have received the complete Mortgage File with respect to any Mortgage Loan pledged hereunder on the immediately preceding Funding Date;
Complete Mortgage File. With respect to each Mortgage Loan, except for any Loans that were wet-funded, (i) a copy of the Mortgage File for each Mortgage Loan and (ii) originals or copies of all financial statements, appraisals, environmental reports, engineering reports, seismic assessment reports, leases, rent rolls, Insurance Policies and certificates, legal opinions and tenant estoppels that relate to such Mortgage Loan, have been delivered to the Custodian.
Complete Mortgage File. With respect to each Mortgage Loan, to the extent that the failure to deliver the same would constitute a “Material Document Defect” in the Pooling and Servicing Agreement and/or mortgage loan purchase agreement, (i) a copy of the mortgage file for each Mortgage Loan and (ii) originals or copies of all financial statements, appraisals, environmental reports, engineering reports, seismic assessment reports, leases, rent rolls, Insurance Policies and certificates, legal opinions and tenant estoppels in the possession or under the control of such mortgage loan seller that relate to such Mortgage Loan, will be or have been delivered to the master servicer with respect to each Mortgage Loan by the deadlines set forth in the Pooling and Servicing Agreement and/or mortgage loan purchase agreement. For the avoidance of doubt, the mortgage loan seller shall not be required to deliver any attorney-client privileged communication, draft documents or any documents or materials prepared by it or its Affiliates for internal uses, including without limitation, credit committee briefs or memoranda and other internal approval documents.