Common use of Underwriting Origination and Servicing Practices Clause in Contracts

Underwriting Origination and Servicing Practices. Each Home ------------------------------------------------ Loan, other than the Home Loans identified in Exhibit A hereto, has been underwritten or re-underwritten in accordance with the Seller's then-current underwriting guidelines. The origination practices used by each originator of the Home Loans and the servicing and collection practices used by the Seller with respect to each Home Loan have been in all material respects legal, proper, prudent and customary with respect to the loan origination and servicing business as applicable to the respective loan type. To the best of the Seller's knowledge, no fraud or misrepresentation was committed by any Person in connection with the origination or servicing of each Home Loan.

Appears in 2 contracts

Samples: Loan Sale Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp)

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Underwriting Origination and Servicing Practices. Each Home ------------------------------------------------ Loan, ------------------------------------------------ other than the Home Loans identified in on Exhibit A D hereto, has been underwritten or re-underwritten in accordance with the SellerTransferor's then-then- current underwriting guidelines. The origination practices used by each originator of the Home Loans and the servicing and collection practices used by the Seller Transferor with respect to each Home Loan have been in all material respects legal, proper, prudent and customary with respect to the loan origination and servicing business as applicable to the respective loan type. To the best of the SellerTransferor's knowledge, no fraud or misrepresentation was committed by any Person in connection with the origination or servicing of each Home Loan.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp)

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Underwriting Origination and Servicing Practices. Each Home ------------------------------------------------ Loan, ------------------------------------------------ other than the Home Loans identified in on Exhibit A D hereto, has been underwritten or re-underwritten in accordance with the SellerTransferor's then-current underwriting guidelines. The origination practices used by each originator of the Home Loans and the servicing and collection practices used by the Seller Transferor with respect to each Home Loan have been in all material respects legal, proper, prudent and customary with respect to the loan origination and servicing business as applicable to the respective loan type. To the best of the SellerTransferor's knowledge, no fraud or misrepresentation was committed by any Person in connection with the origination or servicing of each Home Loan.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

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