Mortgage correspondent lender definition

Mortgage correspondent lender means a person engaged in the business of making residential mortgage loans in such person's own name where the loans are not held by such person for more than ninety days and are funded by another person through a warehouse agreement, table funding agreement or similar agreement;
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Mortgage correspondent lender means a person engaged in
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Mortgage correspondent lender means a person engaged in the
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More Definitions of Mortgage correspondent lender

Mortgage correspondent lender means a person engaged in the business of making
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Mortgage correspondent lender means a person engaged in the business of making residential mortgage loans in such
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Mortgage correspondent lender means a person engaged in the business of making residential mortgage loans in such person's own name where the loans are not held
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Related to Mortgage correspondent lender

  • Approved Lender is defined in Section 12.1.

  • Delinquent Lender has the meaning provided in SECTION 8.15.

  • Lender Affiliate means, (a) with respect to any Lender, (i) an Affiliate of such Lender or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Lender or an Affiliate of such Lender and (b) with respect to any Lender that is a fund which invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.