Loan Casefile definition

Loan Casefile means a unique collection of data related to a Customer’s loan application, including, as applicable, Consumer Data, and other information such as recommendations, findings (including Codified Findings), analyses, reports and other output generated by the Licensed Application, all of which are logically associated in a single file and assigned a unique casefile identifier.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Loan Casefile means that unique collection of data related to a Customer’s loan, including, as applicable, Consumer Credit Data, and other information such as recommendations, findings (including any Codified Findings), analyses, reports and other output generated by the Licensed Application, all of which are logically associated in a single file and assigned a unique casefile identifier.

Loan Casefile means that unique collection of data related to a Customer’s loan application, including, as applicable, Consumer Data, and other information such as recommendations, underwriting findings (including Codified Findings), underwriting analyses and other reports generated by the Licensed Application, all of which are logically associated in a single file and assigned a unique casefile identifier.

Examples of Loan Casefile in a sentence

• In no event may a Loan Casefile identification number be used by Licensee to submit more than one loan to the Licensed Application.

• Because the DU Messages API enables the retrieval of DU findings, Licensee agrees that it must comply with all requirements in this Agreement for the access, sharing and use of the Loan Casefile and any associated findings when using the DU Messages API.

• Licensee’s disclosure of a Loan Casefile identification number to a third party, either for due diligence purposes or otherwise, shall be deemed to be Licensee’s consent to the third party’s access to the Loan Casefile (for which ▇▇▇▇▇▇ ▇▇▇ shall have no liability) and authorization to ▇▇▇▇▇▇ ▇▇▇ to provide the third party with access to the Loan Casefile.

• Licensee’s disclosure of a Loan Casefile identification number to a third party, either for due diligence purposes or otherwise, is deemed to be Licensee’s consent to the third party’s access to the Loan Casefile, including any associated DU findings (in all cases, for which ▇▇▇▇▇▇ ▇▇▇ will have no liability) and authorization to ▇▇▇▇▇▇ Mae to provide the third party with such access, including access through the DU Messages API.

• In no event shall a Loan Casefile identification number be used by Licensee to submit more than one loan to the Licensed Application.

• Licensee’s disclosure of a Loan Casefile identification number to a third party, either for due diligence purposes or otherwise, is deemed to be Licensee’s consent to the third party’s access to the Loan Casefile (including any associated DU findings (in all cases, for which ▇▇▇▇▇▇ ▇▇▇ will have no liability) and authorization to ▇▇▇▇▇▇ ▇▇▇ to provide the third party with such access including access through the DU Messages API.

• Licensee’s use of the Licensed Application to submit a Loan Casefile to the VA Scorecard to evaluate the eligibility of a potential loan for guaranty by the VA is governed by this Schedule, including the attached Exhibit A.

• Licensee’s use of the Licensed Application to submit a Loan Casefile to the FHA TOTAL Scorecard to evaluate the eligibility of a potential loan for insurance by the FHA is governed by this Schedule.

• Licensee’s disclosure of a Loan Casefile identification number to a third party, either for due diligence purposes or otherwise, is deemed to be Licensee’s consent to the third party’s access to the Loan Casefile (including any associated DU findings (in all cases, for which ▇▇▇▇▇▇ Mae will have no liability) and authorization to ▇▇▇▇▇▇ ▇▇▇ to provide the third party with such access including access through the DU Messages API.

• Notwithstanding the provisions of the Section of the Master Terms captioned “Unauthorized Representations,” Licensee and/or Client Servicers may inform a Customer of (a) the recommendation generated by the Licensed Application in connection with such Customer’s Loan Casefile, and (b) any related findings generated by the Licensed Application; provided, however, that such recommendations and findings are appropriately tailored so as to render them understandable and meaningful to Customers.

More Definitions of Loan Casefile

Loan Casefile means a unique collection of data related to a Customer’s Mortgage Loan Application, including, as applicable, Consumer Data, and other information such as recommendations, findings (including Codified Findings), analyses, reports and other output generated by the Licensed Application, all of which are logica lly associated in a single file which includes the Uniform Closing Da taset SML file and assigned a Casefile ID Number.