Examples of Diligence Provider in a sentence
If such affirmative claim is made by the borrower under a differing state law theory, the Trust may be subject to assignee liability depending upon the nature of the claim and legal theory.The Diligence Provider also conducted a review of each Compliance Review Mortgage Loan for material compliance with certain applicable federal and state disclosure requirements, appraisal and valuation requirements, points and fees limitations, counseling requirements and predatory lending laws.
Includes mortgage loans removed as a result of the findings of the Third-Party Diligence Provider, if applicable.
Tax & Title ReviewIn connection with the selection of Mortgage Loans for the Mortgage Pool, the Seller engaged the Diligence Provider to perform a tax and title review on all of the Mortgage Loans in the Mortgage Pool (each mortgage loan reviewed, a “Title Review Mortgage Loan”).
None of such mortgage loans were found to be in violation of High Cost Lending Laws, so they were not removed.With respect to the Compliance Review Mortgage Loans that are designated as “Indeterminable” (non-UAL and UAL) in the chart above, the Diligence Provider was unable to determine if such Indeterminable mortgage loans met the definition of a “high cost home loan” or equivalent category of loan under federal or state law, as applicable.
None of such mortgage loans were found to be in violation of High-Cost Lending Laws, so they were not removed.With respect to the Compliance Review Mortgage Loans that are designated as “Indeterminable” (non-UAL and UAL) in the chart above, the Diligence Provider was unable to determine if such Indeterminable mortgage loans are High-Cost Loans and originated in violation of applicable High-Cost Lending Laws.
The information regarding the program are rather scarce, as the outcome of the lack of an evaluation culture in the Romanian public administration.
Tax & Title ReviewIn connection with the selection of Mortgage Loans for the Final Pool, the Seller engaged the Diligence Provider to perform a tax and title review on all of the Mortgage Loans in the Final Pool (each mortgage loan reviewed, a “Title Review Mortgage Loan”).
Mortgage Loan count and percentages only take into account Mortgage Loan compliance exceptions for the categories set forth in the table that were deemed by the Diligence Provider to be material in accordance with the compliance criteria used by the Diligence Provider.
Upon completion of the Expanded Compliance Review, the Diligence Provider identified 1 Expanded Compliance Review Mortgage Loan, located in Tennessee, representing approximately 1.92% of the Expanded Compliance Review Mortgage Loans, to be a High Cost Loan originated in violation of High Cost Lending Laws.
The Seller did not remove the 65 Mortgage Loans from the Mortgage Pool because the Diligence Provider found that the related title insurance policy did not include any exceptions related to such liens.Data Integrity ReviewIn connection with the issuance of the Certificates, the Seller engaged the Diligence Provider to perform two separate data integrity reviews on certain of the Mortgage Loans in the Mortgage Pool.Modification Data Review.