Common use of Exclusionary List Clause in Contracts

Exclusionary List. Purchaser may provide to Seller a proprietary exclusionary list (“List”) identifying individuals and companies (including but not limited to Borrower, seller, realtor, loan officer, broker, appraiser, closing agent, and underwriter) that are excluded from participating, either directly or indirectly, in Loans sold to Purchaser. Seller covenants that no Person included on the List will be involved in Loans that are sold by Seller to Purchaser after receiving the List. The List may be compiled from internal, Investor, and Insurer exclusionary lists, and is the Confidential Information of Purchaser. Seller, for itself and its current and former employees, agrees that it and they shall not distribute or share any information contained within the List with any third parties, including any Person identified on the List. Seller will take appropriate measures to ensure compliance with these requirements,and agrees to indemnify Purchaser for any loss, damage, or expense resulting from Seller’s failure to maintain the confidentiality of the List.

Exclusionary List. Purchaser may provide to Seller a proprietary exclusionary list (“List”) identifying individuals and companies (including but not limited to Borrower, seller, realtor, loan officer, broker, appraiser, closing agent, and underwriter) that are excluded from participating, either directly or indirectly, in Loans sold to Purchaser. Seller covenants that no Person included on the List will be involved in Loans that are sold by Seller to Purchaser after receiving the List. The List may be compiled from internal, Investor, and Insurer exclusionary lists, and is the Confidential Information of Purchaser. Seller, for itself and its current and former employees, agrees that it and they shall not distribute or share any information contained within the List with any third parties, including any Person identified on the List. Seller will take appropriate measures to ensure compliance with these requirements,, and agrees to indemnify Purchaser for any loss, damage, or expense resulting from Seller’s failure to maintain the confidentiality of the List. Seller further covenants that it will check GSE and governmental exclusionary lists, including HUD Limited Denial of Participation, FHFA Suspended Counterparty and XXX/OFAC sanctions and exclusions.