Inspection of Loan Files. Arc reserves the right to inspect all Loans and satisfy itself that all Loans comply with the applicable Commitment and Seller's representations. The Loan Files shall evidence compliance with all federal and state laws, rules, orders and regulations affecting the Loan. The extent, nature and timing of any such reviews shall be at the sole discretion of Arc. Seller shall make Arc the loss payee of each title policy, mortgage guaranty insurance policy and hazard and flood insurance policy. Ownership of, and title to, the Loans will not vest in Arc unless and until accepted and paid for by Arc.
Inspection of Loan Files. ArcHome reserves the right to inspect all Loans and satisfy itself that all Loans comply with the applicable Commitment and Seller's representations. The Loan Files shall evidence compliance with all federal and state laws, rules, orders and regulations affecting the Loan. The extent, nature and timing of any such reviews shall be at the sole discretion of ArcHome. Seller shall make ArcHome the loss payee of each title policy, mortgage guaranty insurance policy and hazard and flood insurance policy. Ownership of, and title to, the Loans will not vest in ArcHome unless and until accepted and paid for by ArcHome.
Inspection of Loan Files. Purchaser reserves the right to inspect all Loan Files and satisfy itself that all Loans comply with the applicable Commitments and Correspondent representations. The Loan Files shall evidence compliance with all federal, state and local rules, orders and regulations affecting the Loans, including with respect to such laws, rules, orders and regulations that prohibit unfair, deceptive or abusive acts or practices.
Inspection of Loan Files. DIME reserves the right to inspect all Mortgage Loans and satisfy itself that all Mortgage Loans comply with the applicable Commitment, and Correspondent's representations concerning the Mortgage Loans. The Loan Files shall evidence compliance with all federal and state rules, orders and regulations affecting the Loan. Correspondent shall make DIME the loss payee of each title policy, mortgage guaranty insurance policy and hazard and Flood insurance policy. Ownership of, and title to, the Mortgage Loans will not be vested in DIME until accepted and paid for by DIME.
Inspection of Loan Files. Chase reserves the right to inspect all Loan Files and Credit Files and satisfy itself that all Loans comply with the applicable Commitment, and Correspondent's representations concerning the Loans, however, no such inspection shall minimize any rights to recovery under the terms of this Agreement. The Loan Files and Credit Files shall evidence compliance with all federal and state rules, orders and regulations affecting the Loans. Correspondent shall make Chase the loss payee of each hazard and Flood insurance policy. Ownership of, and title to, a Loan will be vested in Chase only when a Loan is accepted by Chase.
Inspection of Loan Files. Chase reserves the right to inspect all Loan Files and Credit Files and satisfy itself that all Loans comply with the applicable Commitment, and Correspondent's representations concerning the Loans. The Loan Files and Credit Files shall evidence compliance with all federal and state rules, orders and regulations affecting the Loans. Correspondent shall make Chase the loss payee of each mortgage guaranty insurance policy and hazard and Flood insurance policy. Ownership of, and title to, a Loan will be vested in Chase only when a Loan is accepted by Chase.
