Escrow Company. Loan Officer must open escrow with an approved escrow officer and escrow company for ALL transactions (including purchase and refinance loans). During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions. Escrow instructions on loan transactions must comply with BMR Program Documents.
Appears in 4 contracts
Samples: Loan Officer Origination Agreement, Loan Officer Origination Agreement, Loan Officer Origination Agreement
Escrow Company. Loan Officer must open escrow with an approved escrow officer and escrow company for ALL transactions (including purchase and refinance loans). During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions. Escrow instructions on loan transactions must comply with BMR Program DocumentsGuidelines.
Appears in 1 contract
Samples: Loan Officer Origination Agreement
