THIS AGREEMENT (the “Agreement”) is made and entered into as of the day ofBroker Loan Purchase Agreement • September 26th, 2018 • Louisiana
GMFS LLC and Mortgage Broker have agreed to enter into an agreement in which Mortgage Broker solicits prospective borrowers for residential mortgage loans and GMFS LLC may underwrite and, upon approval of the final loan application and related complete loan package therefore, in its sole discretion agrees to purchase such loans, with the intention of selling such loans to investors or in the secondary market. The purpose of this Agreement is to define the duties, responsibilities and consideration of each party hereto in this arrangement. Mortgage Broker includes all subsidiaries, affiliates, correspondents, branches and any related parties.
