Loan Purchase Detail Sample Clauses

Loan Purchase Detail. Excel Cell Field Parameters Parameters Parameters Parameters A Mortgagee Loan Name last name, first name max 100 chars B Originator Loan Number alpha/numeric max 50 chars C Originator Product Code alpha/numeric translatable thru WLS D Requested Date mm/dd/yy mm-dd-yy mm/dd/yyyy mm-dd-yyyy E Funds to Send Amount dollar amount symbols ok/not required F Warehouse Principal dollar amount symbols ok/not required G Note Amount dollar amount symbols ok/not required H Note Date mm/dd/yy mm-dd-yy mm/dd/yyyy mm-dd-yyyy I Note Term numeric no. of mos. J Note Rate percentage symbols ok/not required K Borrower 1 First Name alpha 50 chars max. L Borrower 1 Last Name alpha 50 chars max. M Borrower 1 SSN numeric xxx-xx-xxxx N Borrower 1 Income numeric symbols ok/not required O Borrower 1 Date of Birth mm/dd/yy mm-dd-yy mm/dd/yyyy mm-dd-yyyy P Borrower 2 First Name alpha 50 chars max. Q Borrower 2 Last Name alpha 50 chars max. R Borrower 2 SSN numeric xxx-xx-xxxx S Borrower 2 Income numeric symbols ok/not required T Borrower 2 Date of Birth mm/dd/yy mm-dd-yy mm/dd/yyyy mm-dd-yyyy U Address alpha/numeric 100 chars max V City alpha 50 char max W U.S. State alpha 2 char abbr OR full state name X Zip numeric Y County alpha 50 char max Z Investor Name alpha/numeric 100 char max translatable thru WLS AA Takeout Percent numeric/percent symbols ok/not required AB Takeout Expiration Date mm/dd/yy mm-dd-yy mm/dd/yyyy mm-dd-yyyy Excel Cell Field Parameters Parameters Parameters Parameters AC Closing Agent Primary Bank ABA Routing No numeric must be 9 numeric chars. No dashes/spaces AD Closing Agent Final Bank Account Number numeric 50 char max AE MERS Number numeric must be 18 numeric chars. No dashes or spaces AF Loan Type alpha/numeric 50 char max translatable in WLS AG Transaction Type alpha/numeric 50 char max translatable in WLS AH Property Type alpha/numeric 50 char max translatable in WLS AI Documentation Type alpha/numeric 50 char max translatable in WLS XX Xxxx Position alpha/numeric 5 char max. usually 1 or 2 AK Occupancy alpha numeric 5 char max OO or NOO or 2nd AL Appraised Value dollar amount symbol ok/not req. AM Sales Price dollar amount symbol ok/not req. AN Appraisal Type alpha/numeric 50 char max translatable in WLS AO Appraiser Company alpha/numeric 100 char max AP Appraiser City alpha 100 char max AQ Appraiser State Abbr alpha state abbr or full name AR Other Liens dollar amount symbol ok/not req AS Credit Score numeric 3 char max AT Gross Income dollar amount sym...
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Loan Purchase Detail. 3. The original Mortgage Note bearing all intervening endorsements, endorsed “Pay to the order of without recourse” and signed in the name of the last endorsee (the “Last Endorsee”) by an authorized Person (in the event that the Mortgage Loan was acquired by the Last Endorsee in a merger, the signature must be in the following form: “[Last Endorsee], successor by merger to [name of predecessor]”; in the event that the Mortgage Loan was acquired or originated by the Last Endorsee while doing business under another name, the signature must be in the following form: “[Last Endorsee], formerly known as [previous name]”).

Related to Loan Purchase Detail

  • SALE/PURCHASE OF INITIAL LOANS (A) Consummation of Sale and Purchase The sale and purchase of Eligible Loans pursuant to the Initial Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) Funding’s receipt from Town Hall Funding and the Town Hall Funding Eligible Lender Trustee for the benefit of Town Hall Funding of the Initial Xxxx of Sale and (ii) the payment by Funding to Town Hall Funding of the Initial Payment. Upon consummation, such sale and purchase shall be effective as of the date of the Initial Xxxx of Sale. Town Hall Funding and Funding shall use their best efforts to perform promptly their respective obligations pursuant to the Initial Purchase Agreement with respect to each Initial Loan.

  • Initial Loan The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following items, each of which shall be satisfactory to the Lender and its counsel in form and substance:

  • SALE OF MORTGAGE LOANS; PAYMENT OF PURCHASE PRICE Section 2.01. Sale of the Mortgage Loans.......................................................4 Section 2.02. Obligations of Seller Upon Sale..................................................4 Section 2.03. Payment of Purchase Price for the Mortgage Loans.................................7

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • Loan Payment Payments of principal, interest, and Late Charges (as defined in the Note) shall be made as provided in the Note.

  • SALE AND PURCHASE OF THE PURCHASED LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, VL FUNDING ACKNOWLEDGES THAT VL FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO VL FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY VL FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

  • Termination; Optional Mortgage Loan Purchase (a) The respective obligations and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator and the Trustee created hereby with respect to the Certificates, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make certain payments and to send certain notices to Certificateholders as hereinafter set forth and to make any required remittances to the Serviced Companion Loan Holders in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of the Class R Certificates of all the Mortgage Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant to subsection (c), (ii) the exchange by the Remaining Certificateholder of its Certificates for all the Mortgage Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant to subsection (h) and (iii) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan or REO Property (or interest therein) contained in the Trust Fund; provided, however, that in no event shall the trust created hereby continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the United Kingdom, living on the date hereof. All such payments as contemplated by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly following receipt thereof.

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Date of Delivery of Advance Notice An Advance Notice shall be deemed delivered on (i) the Trading Day it is received by facsimile or otherwise by the Investor if such notice is received prior to 12:00 noon Eastern Time, or (ii) the immediately succeeding Trading Day if it is received by facsimile or otherwise after 12:00 noon Eastern Time on a Trading Day or at any time on a day which is not a Trading Day. No Advance Notice may be deemed delivered on a day that is not a Trading Day.

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