Common use of Qualified Appraiser Clause in Contracts

Qualified Appraiser. An appraiser, duly appointed by the Seller, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied the requirements of Xxxxxx Mae or Xxxxxxx Mac and Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time, and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

Qualified Appraiser. An appraiser, duly appointed by the Seller, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied the requirements of Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac and Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time, and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

Qualified Appraiser. An With respect to each Mortgage Loan, an appraiser, duly appointed by the Selleroriginator, who had no interest, direct or indirect, indirect in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was is not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied satisfy the requirements of Xxxxxx Mae or Xxxxxxx Mac (including but not limited to the Appraiser Independence Requirements) and Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time, FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.