PARTICIPATING LENDER NON-COMPLIANCE THAT MAY LEAD TO FEES. (a) As set forth in the Guide, the Agency will assess fees on the Participating Lender for the late delivery of complete, properly stacked Mortgage Loan documents. (1) Servicing Submissions: Complete and timely loan packages including servicing set-up packages, must be submitted as set forth on the applicable document checklist. Wiring instructions are to be included in the Purchase Package. Failure to meet delivery times may result in temporary suspension from the ILRS and the imposition of additional fees. Obtaining the necessary extensions and paying the fees therefor are the sole responsibility of the Participating Lender.
Appears in 3 contracts
Samples: Mortgage Purchase Agreement, Mortgage Purchase Agreement, Mortgage Purchase Agreement
PARTICIPATING LENDER NON-COMPLIANCE THAT MAY LEAD TO FEES. (a) As set forth in the Guide, the Agency will assess fees on the Participating Lender for the late delivery of complete, properly stacked Mortgage Loan documents.
(1) Servicing Submissions: Complete and timely loan packages including servicing set-up packages, must be submitted as set forth on the applicable document checklist. Wiring instructions are to be included in the Purchase Package. Failure to meet delivery times may result in temporary suspension from the ILRS and the imposition of additional fees. Obtaining the necessary extensions and paying the fees therefor are the sole responsibility of the Participating Lender.and
Appears in 1 contract
Samples: Mortgage Purchase Agreement
