Common use of Loan Terms and Procedures for Sale to the Servicer Clause in Contracts

Loan Terms and Procedures for Sale to the Servicer. Loans shall contain the terms and be subject to the requirements provided in the applicable Program Guide and any agreement entered into between the Servicer and the Participant. The procedures applicable to origination of Loans will be governed by the applicable Program Guide. The sale of Loans to the Servicer will be governed by the applicable Program Guide and any agreement entered into between the Servicer and the Participant (provided this Section is not applicable for MCC stand- alone programs).

Appears in 4 contracts

Samples: Mortgage Origination and Sale Agreement, Mortgage Origination and Sale Agreement, Mortgage Origination and Sale Agreement

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Loan Terms and Procedures for Sale to the Servicer. Loans shall contain the terms and be subject to the requirements provided in the applicable Program Guide and any agreement entered into between the Servicer (not applicable to MCC) and the Participant. The procedures applicable to origination of Loans will be governed by the applicable Program Guide. The sale of Loans to the Servicer will be governed by the applicable Program Guide and any agreement entered into between the Servicer and the Participant (provided this Section is not applicable for MCC stand- alone programsMCC).

Appears in 2 contracts

Samples: Mortgage Origination and Sale Agreement, Mortgage Origination and Sale Agreement

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Loan Terms and Procedures for Sale to the Servicer. Loans shall contain the terms and be subject to the requirements provided in the applicable Program Guide and any agreement entered into between the Servicer and the Participant. The procedures applicable to origination of Loans will be governed by the applicable Program Guide. The sale of Loans to the Servicer will be governed by the applicable Program Guide and any agreement entered into between the Servicer and the Participant (provided this Section is not applicable for MCC stand- alone programs).programs).β€Œ

Appears in 1 contract

Samples: Mortgage Origination and Sale Agreement

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