Eligible Loans Pricing. 2.1 PNL’S MORTGAGE LOAN PROGRAMS. PNL shall from time to time, distribute to Correspondent information with respect to the types of loan applications PNL is willing to accept. PNL will accept only those Applications eligible for the Mortgage Loan Programs offered by PNL. Correspondent will be entitled to send applications only upon (i) submission to PNL of such additional information and documents as required by PNL, and (ii) receipt by Correspondent of separate written authorization from PNL. Correspondent acknowledges that PNL reserves the right to alter, add, or delete Mortgage Loan Programs from time to time by amending the Guidelines, and Correspondent accepts responsibility for knowing which Mortgage Loan Programs are offered by PNL at any given time. Correspondent shall be responsible for assuring that each Application submitted to PNL complies with all the terms and conditions of the applicable Mortgage Loan Program at the time Correspondent sends the Mortgage Loan to PNL.
Eligible Loans Pricing
