Examples of Loan Package in a sentence
Either party may terminate this Agreement at any time with or without cause, which termination shall be effective immediately upon the other party's receipt of written notice thereof At UHMC's sole discretion, it may complete underwriting of any Mortgage Loan Package submitted by TPO prior to the date of termination and shall approve or reject funding of such Loans in accordance with the terms of this Agreement.
Loan Package - The file of all items necessary for the lender to decide to give or not to give a loan.
TPO understands and acknowledges that UHMC may report information about any Mortgage Loan Package that UHMC believes to contain misrepresentations or violates applicable law to the appropriate governmental body or regulatory agency, Xxxxxx Mae, Xxxxxxx Mac, HUD or any mortgage industry background database, including, but not limited to, databases operated by Mortgage Asset Research Institute, Inc., such as the Mortgage Industry Date Exchange ("MIDEX") or any cooperative industry database.
Termination of this Agreement shall not relieve either Party of any liability to the other Party for any damages or other amounts due hereunder, provided that Broker shall not be entitled to the compensation provided for in Section 7 with respect to a Loan Package unless all conditions set forth in Section 7 regarding payment of the compensation are satisfied.
Each Loan Package shall contain the material specified in the Guidelines, and as otherwise required by this Agreement.