Examples of Correspondent Sellers Guide in a sentence
The Master Servicer shall supervise, monitor and oversee the obligation of the Servicers to service and administer their respective Mortgage Loans in accordance with the terms of the applicable Servicing Agreement and, where applicable, the Correspondent Sellers Guide and the Master Servicing Guide, and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration.
Unless otherwise defined herein, the capitalized terms used herein shall have the meanings set forth in the Correspondent Sellers Guide or the Master Servicer Guide.
Except as modified below, all other provisions of the Amended and Restated Correspondent Loan Purchase Agreement and the Correspondent Sellers Guide remain in full force and effect and are not negated by the terms hereof.
The entire Guide is modified as follows: TMHL has agreed to purchase eligible Coop loans from First Republic Bank; therefore, all references excluding such purchase of Coops, or failure to include Coops within an eligible loan category throughout the Correspondent Sellers Guide are hereby negated.
Amendments to Master Servicing Guide and Correspondent Sellers Guide.
The Correspondent Sellers Guide is amended as provided in Exhibit D attached hereto.
TMHL shall give written notice of an Amendment to the Correspondent, and the Amendment shall become effective immediately or as specifically provided therein; provided, however, no Amendment of the Correspondent Sellers Guide shall be effective with respect to an outstanding Approval Notification Letter unless consented to by the Correspondent.
Notwithstanding anything contained in this Correspondent Sellers Guide to the contrary, Correspondent shall underwrite the Eligible Loans in accordance with Correspondent's guidelines and represents and warrants to TMHL that each Eligible Loan which has been sold to TMHL has been underwritten in accordance with the Correspondent's guidelines, a copy of which have been submitted to TMHL.
The failure or omission of TMHL to conduct any partial or complete examination of the Mortgage File shall not affect TMHL's rights to demand repurchase or other relief as provided under this Correspondent Sellers Guide.
By: Name: Xxxxx Xxxxx Title: Senior Vice President [Corporate Seal] -------------------------------------------------------------------------------- EXHIBIT C FORM OF LEGAL OPINION [Intentionally omitted] -------------------------------------------------------------------------------- EXHIBIT D MODIFICATIONS TO CORRESPONDENT SELLERS GUIDE TMHL and the Correspondent, First Republic Bank, have agreed that certain provisions contained in the TMHL Correspondent Sellers Guide are modified as set forth below.