Common use of MORTGAGE LOAN PROGRAMS Clause in Contracts

MORTGAGE LOAN PROGRAMS. Lender shall from time to time distribute to Broker information with respect to the types of mortgage loan programs it is offering (“Loan Programs”) along with the methods by which Applications for such Loan Programs may be transmitted. Xxxxxx will accept only those Applications eligible for the Loan Programs offered by Xxxxxx. Xxxxxx will be entitled to have Applications processed only upon submission to Lender of such additional information and documents as required by Xxxxxx. Xxxxxx acknowledges that Lender reserves the right to alter, add, or delete Loan Programs from time to time and Xxxxxx accepts responsibility for knowing which Loan Programs are offered by Lender at any given time. Broker shall be responsible for assuring that each Application submitted complies with all the terms and conditions of the applicable Loan Program at the time Broker submits the Application to the Lender.

MORTGAGE LOAN PROGRAMS. Lender shall from time to time distribute to Broker information with respect to the types of mortgage loan programs it is offering (“Loan Programs”) along with the methods by which Applications for such Loan Programs may be transmitted. Xxxxxx Lender will accept only those Applications eligible for the Loan Programs offered by XxxxxxLender. Xxxxxx Broker will be entitled to have Applications processed only upon submission to Lender of such additional information and documents as required by XxxxxxLender. Xxxxxx Broker acknowledges that Lender reserves the right to alter, add, or delete Loan Programs from time to time and Xxxxxx Broker accepts responsibility for knowing which Loan Programs are offered by Lender at any given time. Broker shall be responsible for assuring that each Application submitted complies with all the terms and conditions of the applicable Loan Program at the time Broker submits the Application to the Lender.