Common use of Conformance With Underwriting Standards Clause in Contracts

Conformance With Underwriting Standards. Such Mortgage Loan was underwritten in accordance with the Designated Guidelines. The methodology used in underwriting the extension of credit for the Mortgage Loan includes objective mathematical principles that relate to the relationship between the borrower's income, assets and liabilities and the proposed payment. The credit score used in connection with the origination of such Mortgage Loan was the Credit Score. If there was more than one applicant for such Mortgage Loan, the lowest of the applicants’ Credit Scores was used;