Examples of Loan Product in a sentence
A seller may follow this type of documentation procedure for mortgage loans that are evaluated by Loan Product AdvisorSM (“LPA”) and receive a Streamlined Accept Documentation designation.
All compensation paid to Broker pursuant to this Agreement will be based on a pre-determined , fixed percentage of the amount of credit extended, subject to MK Lending, Corp.'s right to establish a minimum or maximum amount of compensation in connection with any particular Loan or Loan Product.
Terms and conditions of the closed Mortgage Loan and underwriting information in the Mortgage Loan File must match the data on which the Loan Product Advisor “Accept” risk class is based.If Loan Product Advisor returns any response other than “Accept”, then the Mortgage Loan must be underwritten with DU or manually underwritten to the guidelines of the Investor to be eligible for delivery.
Any Mortgage Loan File delivered as a Loan Product Advisor underwritten Mortgage Loan must include:• Loan Product Advisor Feedback Certificate; and• Credit documentation as required by Loan Product Advisor, including all credit reports and all credit scores generated.Additional submission requirements may apply.
La Trobe Financial and any distributor of the Loan Product must cease distribution of the Loan Product immediately on receipt of the Notice.