Mortgage Loan Approval Code definition

Mortgage Loan Approval Code. The mortgage loan approval code, set forth in Part III of Exhibit F, placed by Custodian on a Certification Report to notify Purchaser that Custodian's review of the applicable items in a Submission Package is complete and that such items satisfy all the applicable requirements set forth in Section 4(a) and Section 4(b).
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Mortgage Loan Approval Code shall have the meaning assigned thereto in the Custodial Agreement.
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Examples of Mortgage Loan Approval Code in a sentence

  • If Custodian is in possession of a Submission Package, and determines, pursuant to Section 4(a) and 4(b), that such Submission Package is complete, Custodian shall issue to Purchaser a Mortgage Loan Approval Code.

  • All applicable documents comprising a Submission Package relating to a Mortgage Loan with respect to which Custodian has assigned a Mortgage Loan Approval Code shall be delivered by Custodian in such reasonable order as Custodian may determine, via overnight courier in accordance with the Delivery Instructions on the applicable Delivery Date and under cover of a fully completed Bailee Letter prepared by Custodian.

  • All applicable documents comprising a Submission Package relating to a Mortgage Loan with respect to which Custodian has assigned a Mortgage Loan Approval Code shall be delivered by Custodian in such reasonable order as Custodian may determine and in accordance with Section 11, via overnight courier in accordance with the Delivery Instructions on the applicable Delivery Date and under cover of a fully completed Bailee Letter prepared by Custodian.

  • Custodian hereby acknowledges that each time it enters the Mortgage Loan Approval Code or a Certification Report, it is making an express representation and warranty to Purchaser that it has performed the Certification as specified in Sections 4(a) and (b) with respect to the related Mortgage Loan.

  • A Mortgage Loan Absentee Code N Mortgage Loan Suspension Code Y Mortgage Loan Approval Code IV.

Related to Mortgage Loan Approval Code

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Mortgage Loan Schedule shall have the meaning assigned to such term in the recitals.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Financing Statement means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Retained Mortgage Loan File A file for each Mortgage Loan maintained by the Servicer prior to any Document Transfer Date and by the Custodian after any Document Transfer Date that contains the documents specified in Section 2.01(b) of the Pooling and Servicing Agreement and any additional documents required to be added to the Retained Mortgage Loan File pursuant to the Pooling and Servicing Agreement.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mortgage Loan File for inclusion in the Mortgage Loan File (to the extent such documents are in the possession of the Special Servicer) and copies of any additional related Mortgage Loan information, including correspondence with the Borrower Related Parties, and the Special Servicer shall promptly provide copies of all of the foregoing to the Servicer as well as copies of any analysis or internal review prepared by or for the benefit of the Special Servicer, provided that, such materials shall not include any Privileged Information.

  • UCC Financing Statement A financing statement filed, or to be filed, pursuant to the UCC.

  • Owner Mortgage Loan File A file maintained by the Custodian for each Mortgage Loan that contains the documents specified in Section 2.01(a) and any additional documents required to be added to the Owner Mortgage Loan File pursuant to this Agreement.

  • Sevicer Loan Prod Code Rem Occp Code: Appr Value: Note Date: Debt Ratio: City: Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Lien Pos: 9096755 300 14 $124,000.00 $23,250.00 $122.72 724 0391721438 2 298 1 $155,000.00 6/10/2004 41 ROANOKE VA 24016 01 6.630 95 $22,890.33 6/10/2029 2 9114807 180 09 $225,200.00 $28,150.00 $208.22 633 0391726452 3 178 1 $283,000.00 6/10/2004 38 GLENDALE AZ 85308 01 9.000 90 $28,087.02 6/10/2019 2 9175781 180 09 $333,700.00 $43,400.00 762 0391751989 3 178 2 $419,000.00 6/10/2004 16 Pinetop AZ 85935 01 6.630 90 $42,400.00 6/10/2019 2 9141123 180 09 $220,900.00 $25,000.00 785 0391735503 3 178 1 $285,900.00 6/10/2004 37 Covington GA 30014 01 6.250 87 $24,922.19 6/10/2019 2 9114779 300 14 $212,000.00 $26,500.00 $139.88 663 0391726098 2 298 1 $275,000.00 6/10/2004 34 CITRUS CA 95621 01 7.500 87 $11,275.63 6/10/2029 2 9114211 180 14 $0.00 $50,000.00 769 0391746104 3 178 1 $110,000.00 6/10/2004 18 Phoenix AZ 85033 02 5.000 46 $37,500.00 6/10/2019 1 9096781 180 09 $134,400.00 $33,600.00 $248.54 698 0391721719 3 178 1 $168,051.00 6/10/2004 21 GIBSONTON FL 33534 01 7.630 100 $33,600.00 6/10/2019 2 9114767 180 14 $135,600.00 $57,300.00 $423.84 680 0391725975 3 178 1 $192,900.00 6/10/2004 50 RIVERTON UT 84065 02 8.500 100 $57,224.65 6/10/2019 2 9138257 300 14 $127,164.00 $23,843.00 725 0391737608 2 298 1 $158,955.00 6/10/2004 47 Fishers IN 46038 01 7.000 95 $23,702.55 6/10/2029 2 9141033 180 09 $112,900.00 $28,200.00 668 0391736105 3 178 1 $141,150.00 6/10/2004 38 Newnan GA 30263 01 9.000 100 $27,987.76 6/10/2019 2 9080415 180 09 $264,000.00 $49,500.00 771 0391724143 3 178 1 $330,000.00 6/10/2004 49 Glendale AZ 85308 01 6.630 95 $19,707.49 6/10/2019 2 9142995 180 14 $191,750.00 $35,950.00 782 0391749561 3 178 1 $239,700.00 6/10/2004 51 Spokane WA 99206 01 7.130 95 $35,462.28 6/10/2019 2 9114261 180 14 $140,000.00 $35,000.00 797 0391743531 3 178 1 $175,000.00 6/10/2004 48 Loveland CO 80537 01 7.250 100 $35,000.00 6/10/2019 2 9119079 180 14 $126,320.00 $15,790.00 $116.80 741 0391727765 3 178 2 $157,900.00 6/10/2004 24 GLENDALE AZ 85305 01 6.630 90 $15,709.47 6/10/2019 2 9132327 180 14 $148,000.00 $15,000.00 699 0391733854 3 178 1 $185,000.00 6/10/2004 28 Livonia MI 48150 01 6.750 89 $14,950.00 6/10/2019 2 9114011 180 14 $99,200.00 $18,600.00 666 0391752805 3 178 1 $125,000.00 6/10/2004 33 Glendale AZ 85303 01 8.500 95 $18,600.00 6/10/2019 2 9140705 300 14 $124,000.00 $31,000.00 773 0391737012 2 298 1 $156,000.00 6/10/2004 45 Cadillac MI 49601 02 7.250 100 $13,823.06 6/10/2029 2 9110859 180 RFC01 $123,200.00 $30,800.00 676 0391738648 3 178 1 $154,000.00 6/10/2004 33 Norcross GA 30071 01 9.000 100 $29,950.00 6/10/2019 2 9140843 180 14 $400,000.00 $65,000.00 775 0391737566 3 178 1 $830,000.00 6/10/2004 45 Oakland CA 94611 01 5.750 57 $64,837.50 6/10/2019 2 9131593 180 09 $332,000.00 $25,000.00 653 0391747102 3 178 1 $415,000.00 6/10/2004 36 Orlando FL 32836 01 8.750 87 $20,977.08 6/10/2019 2 9096763 180 14 $114,400.00 $28,600.00 $211.55 708 0391721503 3 178 1 $143,000.00 6/10/2004 28 ORION MI 48362 01 7.630 100 $28,459.83 6/10/2019 2

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • UCC Financing Statements means collectively the Lender Financing Statements and the Lessor Financing Statements.

  • CREFC® Special Servicer Loan File The data file in the “CREFC® Special Servicer Loan File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Loan Schedule The schedule, as amended from time to time, of Loans attached hereto as Exhibit D, which shall set forth as to each Loan the following, among other things:

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • CMSA Special Servicer Loan File format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA Special Servicer Loan File" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Special Servicer.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.