MAP Lender definition

MAP Lender means a HUD-qualified lender that prepares FHA forms and performs preliminary underwriting for certain FHA loan applications.
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Examples of MAP Lender in a sentence

  • Except as provided in paragraph (b) of this section, only the MAP Lender Review Board may termi- nate a lender’s MAP privileges, in ac- cordance with the procedures of§ 200.1535.

  • Only the MAP Lender Review Board may suspend a lender’s eligibility for MAP, in accordance with the procedures of § 200.1535.

  • Only the MAP Lender Review Board (or Board) may place a lender on probation, in accordance with the procedures of § 200.1535.(b) Effect of probation.

  • The issuance of a warning letter is not sub- ject to the MAP Lender Review Board procedures in accordance with§ 200.1535, and is not a prerequisite to the probation, or suspension, or termi- nation of MAP privileges.§ 200.1510 Probation.(a) In general.

  • The re- quirements for reinstatement shall be the same as for initial qualification, and the applicant must show that the problems that led to termination have been resolved.§ 200.1525 Settlement agreements.(a) HUD staff, as authorized, may ne- gotiate a settlement agreement with a MAP lender before or after the issuance of a warning letter or referral to the MAP Lender Review Board.

  • The second MAP Lender will close the loan, oversee the construction loan administration, if applicable, and service the loan in accordance with HUD requirements.

  • Generally, certifications by Borrower Counsel, Design Architects, and other professional advisors (including MAP Lender Third Party professional reviewers) with no equity in the MAP transaction apply to themselves and other principals of their firms and may be relied upon.

  • The MAP Lender, and other involved parties, may be referred to investigative or enforcement authorities.

  • Accordingly, for purposes of determining whether a prohibited Conflict of Interest exists, Supervised Mortgagees or publicly owned MAP Lenders may define in their Quality Control Plan the MAP Lender as the applicable operating entity responsible for origination and servicing of “agency business”, which would include both FHA and GSE loans.

  • The MAP Lender and Chief Underwriter must provide a certification that the MAP Underwriter or the Underwriter Trainee has complied with all experience and training requirements detailed in this Guide.

Related to MAP Lender

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • DIP Lender means a lender under the DIP Facility.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • L/C Lender a Lender with an L/C Commitment.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • U.S. Lender Party means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is a United States person as defined in Section 7701(a)(30) of the Code.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Approved Lender is defined in Section 12.1.

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Term Lender means a Lender with a Term Commitment or an outstanding Term Loan.