Quality Control Procedures. The Company must have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of evaluating and monitoring the overall quality of its loan production and servicing activities. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.
Appears in 22 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac2), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac3), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac5)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company's loan production and the servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Company in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsindustry standards.
Appears in 8 contracts
Samples: Assumption and Recognition Agreement (Banc of America Funding Corp), Assumption and Recognition Agreement (Banc of America Funding 2006-2 Trust), Assumption and Recognition Agreement (Banc of America Funding 2006-3 Trust)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company’s loan production and the servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Company in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsindustry standards.
Appears in 6 contracts
Samples: And Servicing Agreement (GSR Mortgage Loan Trust 2007-2f), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-1f), And Servicing Agreement (GSR Mortgage Loan Trust 2007-3f)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company's loan production and the servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Company in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsindustry standards. The Company shall make available upon request of any Purchaser information regarding its quality control program.
Appears in 4 contracts
Samples: Flow Sale and Servicing Agreement (Luminent Mortgage Trust 2006-7), Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6), Sale and Servicing Agreement (Luminent Mortgage Trust 2007-1)
Quality Control Procedures. The Company must have an internal quality control program that verifies, on a regular basis, verifies the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of evaluating and monitoring the overall quality of its loan production and servicing activities. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.
Appears in 2 contracts
Samples: Ubs Real (MASTR Asset Securitization Trust 2006-2), Ubs Real (MASTR Alternative Loan Trust 2006-3)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company's loan production and the servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Servicer in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsindustry standards.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Asset Backed Funding Corp)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its loan production the Company's underwriting, originating, administering and servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Company in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsindustry standards. The Company shall make available upon the reasonable request of the Purchaser information regarding its quality control program.
Appears in 1 contract
Samples: Sale and Interim Servicing Agreement (ABFC 2006-He1 Trust)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company’s loan production and the servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Company in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsindustry standards. The Company shall make available upon request of the Purchaser information regarding its quality control program.
Appears in 1 contract
Samples: Sale and Servicing Agreement (FBR Securitization, Inc.)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company's loan production and the servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Company in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsindustry standards. The Company shall make available upon request of the Purchaser information regarding its quality control program.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Banc of America Funding 2006-D Trust)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company's loan production and the servicing activities. The program is to ensure that activities of the Mortgage Loans are originated and serviced Company in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.with
Appears in 1 contract
Samples: SunTrust Real Estate Trust, LLC
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company's loan production and the servicing activitiesactivities of the Company. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with prudent mortgage banking practices Accepted Servicing Standards and accounting principlesthe Underwriting Guidelines; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-He2)
Quality Control Procedures. The Company must shall have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of shall include evaluating and monitoring the overall quality of its the Company's loan production and the servicing activitiesactivities of the Company. The program is to ensure that Company shall make available upon request of the Mortgage Loans are originated and serviced in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized personsPurchaser information regarding its quality control program.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Banc of America Funding 2006-H Trust)
Quality Control Procedures. The Each of the Company and the Servicer must have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of evaluating and monitoring the overall quality of its loan production and servicing activities. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.
Appears in 1 contract
Samples: Purchase, Warranties and Servicing Agreement (Homebanc Corp)
Quality Control Procedures. The Company must have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisionsdecisions with respect to the Mortgage Loans. The program must be capable of evaluating and monitoring the overall quality of its loan production and servicing activities. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-St1)