Loan Origination Services Sample Clauses

Loan Origination Services. (1) For every FFELP application and promissory note that has been submitted to MOHELA for origination, disbursement and guaranty, MOHELA shall complete the application according to the Higher Education Act of 1965 (as amended). (2) If an application is incomplete, or contains information that fails to meet federal/ MOHELA or guarantor guidelines, MOHELA will use its best efforts to contact the borrower and/or the educational institution in order to obtain the information necessary to complete the application or resolve the deficiency. (3) If the borrower fails to provide the information requested within six months from the last processing date, the loan application shall be placed in an inactive status. (4) For PLUS loans, MOHELA will perform credit services on behalf of CFO as follows: a) MOHELA will perform credit review in accordance with the U.S. Department of Education regulations and with MOHELA policy governing credit review for PLUS loans. MOHELA may request additional CFO guidelines for PLUS review, which CFO will provide to MOHELA b) MOHELA will review all applications for completeness. c) MOHELA shall i. Use its best efforts to request a credit history form on the eligible applicant from at least one national credit bureau within 48 hours of receipt of the PLUS loan application. ii. Identify and reconcile discrepancies, if any. iii. Seek and receive guaranty on behalf of CFO on a PLUS Loan application for which: - There is no adverse credit history - There are documented extenuating circumstances determined by MOHELA. - Credit check is still valid (within 180 days of initial credit check) d) MOHELA may, on behalf of CFO, deny a PLUS application based on the credit report that indicates an adverse credit history, unless extenuating circumstances exist. CFO shall provide MOHELA with the applicable underwriting criteria, unless MOHELA determines on behalf of CFO that an extenuating circumstance(s) exists. CFO agrees to provide MOHELA with definition of extenuating circumstance(s). e) CFO agrees to provide MOHELA credit guidelines on subjects not considered as an adverse credit history. f) In the event that MOHELA denies the application on the basis of adverse credit history, MOHELA shall, on behalf of CFO, send to the applicant within thirty (30) days of receipt of a completed application a Statement of Credit Denial in accordance with applicable law (appeal instructions shall be included). An acceptable notice of borrower denial of PLUS loan shall...
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Loan Origination Services. 2.1. FIS is not providing any services relative to loan application, underwriting, fulfillment, closing, funding, or other loan origination services.
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Loan Origination Services. Servicer shall provide to Lender the Services described and set forth herein and as further described in Schedule D. Servicer will provide the Services in a commercially reasonable manner in accordance with standard industry practices, applicable Law, the Processing Procedures and Lender’s Credit Policy and the Underwriting Criteria. Servicer shall be solely responsible for ensuring that the Program Materials comply in all material respects with all applicable Law, except for Lender’s privacy policy, which will be provided by Lender. Servicer shall be further responsible for the preparation and dissemination of all required Disclosures in accordance in all material respects with applicable Law. Servicer shall also be responsible for ensuring that the Processing Procedures and online application process used by Servicer to originate Loans through the Licensed Technology comply in all material respects with all applicable Law, including Laws governing electronic signatures.
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Loan Origination Services. At the time of origination, (i) each Loan will be documented using Program Materials in compliance in all material respects with all applicable Law; (ii) the origination of each Loan, including the delivery of all Disclosures, will be conducted in compliance in all material respects with applicable Laws; (iii) the Processing Procedures used for the origination of the Loan will be conducted in accordance in all material respects with applicable Laws, (iv) the terms of the Loan Agreements (as a whole) will be enforceable and prepared in compliance in all material respects with applicable Laws (except as such enforceability may be limited by equitable limitations on the availability of equitable remedies and by bankruptcy and other laws affecting the rights of creditors generally); and (v) Servicer will not discriminate based upon the age, sex, race, national origin, marital status, color, religion or handicapped status of any applicant, co-applicant or Borrower in making such Loan.
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Related to Loan Origination Services

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  • Education services 1.1 Catholic education is intrinsic to the mission of the Church. It is one means by which the Church fulfils its role in assisting people to discover and embrace the fullness of life in Xxxxxx. Catholic schools offer a broad, comprehensive curriculum imbued with an authentic Catholic understanding of Xxxxxx and his teaching, as well as a lived appreciation of membership of the Catholic Church. Melbourne Archdiocese Catholic Schools Ltd (MACS) governs the operation of MACS schools and owns, governs and operates the School. 1.2 Parents and guardians, as the first educators of their children, enter into a partnership with the Catholic school to promote and support their child’s education. Parents and guardians must assume a responsibility for maintaining this partnership by supporting the school in the provision of education to their children within the scope of School's registration and furthering the spiritual and academic life of their children.

  • Acquisition Services (i) Serve as the Company’s investment and financial advisor and provide relevant market research and economic and statistical data in connection with the Company’s assets and investment objectives and policies; (ii) Subject to Section 4 hereof and the investment objectives and policies of the Company: (a) locate, analyze and select potential investments; (b) structure and negotiate the terms and conditions of transactions pursuant to which investments in Properties, Loans and other Permitted Investments will be made; (c) acquire, originate and dispose of Properties, Loans and other Permitted Investments on behalf of the Company; (d) arrange for financing and refinancing and make other changes in the asset or capital structure of investments in Properties, Loans and other Permitted Investments; and (e) enter into leases, service contracts and other agreements for Properties, Loans and other Permitted Investments; (iii) Perform due diligence on prospective investments and create due diligence reports summarizing the results of such work; (iv) Prepare reports regarding prospective investments that include recommendations and supporting documentation necessary for the Directors to evaluate the proposed investments; (v) Obtain reports (which may be prepared by the Advisor or its Affiliates), where appropriate, concerning the value of contemplated investments of the Company; (vi) Deliver to or maintain on behalf of the Company copies of all appraisals obtained in connection with the Company’s investments; and (vii) Negotiate and execute approved investments and other transactions, including prepayments, maturities, workouts and other settlements of Loans and other Permitted Investments.

  • Construction Services 4,500 thousand SDR for Japan Post in Group A 15,000 thousand SDR for all other entities in Group A 4,500 thousand SDR for entities in Group B Architectural, engineering and other technical services covered by this Agreement: 450 thousand SDR

  • Administration Services When a medical prescription drug is administered by infusion, the administration of the prescription drug may be covered separately from the prescription drug. See Infusion Therapy - Administration Services in the Summary of Medical Benefits for benefit limits and the amount you pay. Prescription drugs that are self-administered are not covered as a medical benefit but may be covered as a pharmacy benefit. Please see Pharmacy Prescription Drugs and Diabetic Equipment or Supplies – Pharmacy Benefits section above for additional information. For some medical prescription drugs, after the first administration, coverage may be limited to certain locations (for example, a designated outpatient or ambulatory service facility, physician’s office, or your home), provided the location is appropriate based on your medical status. For a list of medical prescription drugs that are subject to this Site of Care Program, visit our website. Preauthorization may be required to determine medical necessity as well as appropriate site of care. If we deny your request for preauthorization, or you disagree with our determination for the appropriate site of care, you can submit a medical appeal. See Appeals in Section 5 for information on how to file a medical appeal.

  • Monitoring Services IDT staff shall, using methods that include face-to-face and other contacts with the member, monitor the services a member receives. This monitoring shall ensure that: a. The member receives the services and supports authorized, arranged for and coordinated by the IDT staff; b. The services and supports identified in the MCP as being provided by natural and community supports are being provided; and c. The quality of the services and supports received is adequate and still necessary to continue to meet the needs and preferences of the member and support the member’s outcomes identified in the MCP.

  • Installation Services The Bitstream 2a Service includes a Standard Install as set out below (in each case to the extent that the relevant provisioning works are not already complete for the relevant Service Order).1

  • Financing Services The Manager shall: (i) identify and evaluate potential financing and refinancing sources, engaging a third party broker if necessary; (ii) negotiate terms of, arrange and execute financing agreements; (iii) manage relationships between the Company and its lenders, if any; and (iv) monitor and oversee the service of the Company’s debt facilities and other financings, if any.

  • Loan Servicing The servicing practices used with respect to each Mortgage Loan have been in all material respects legal, proper, and prudent.

  • Interconnection Service Interconnection Service allows the Interconnection Customer to connect the Large Generating Facility to the Participating TO’s Transmission System and be eligible to deliver the Large Generating Facility’s output using the available capacity of the CAISO Controlled Grid. To the extent the Interconnection Customer wants to receive Interconnection Service, the Participating TO shall construct facilities identified in Appendices A and C that the Participating TO is responsible to construct.

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