Common use of Loan Funding and Reporting Systems Clause in Contracts

Loan Funding and Reporting Systems. The MPF Provider shall work with the Boston Bank to develop an appropriate interface or method for receiving or sending data transmissions and reports to or from the MPF Provider. Data regarding the Boston Bank PFIs and the Program Loans serviced by its PFIs will be processed on the same system the MPF Provider uses to process its own MPF Program data. However, in connection with Agency Loans, the Boston Bank will be the undisclosed or disclosed principal in whose name Agency Loans will be funded. Therefore, disclosures made to or by PFIs shall refer to the Boston Bank as the funding party notwithstanding the MPF Provider’s concurrent investment in its Participation Share of each Loan.