Pipeline Loan definition

Pipeline Loan means various potential Mortgage Loans which are in one of various stages of loan origination, approval and processing, as the case may be, at SRT or SL, but which, as of the Effective Date, shall not have been closed and funded.

Pipeline Loan means any application in process for a Mortgage Loan whether or not registered and designated as price protected on the Company Group’s residential mortgage loan origination system and which have not closed or funded as of the Closing Date.

Pipeline Loan means any future potential loan classified as a category 2 pipeline loan by Bridge Bank in connection with the initial bridge bank business immediately prior to the first onward transfer time (including any such future potential loan at the first onward transfer time that is designated in Bridge Bank’s books and records with a reference number set out in Schedule 5 to this Instrument);

Examples of Pipeline Loan in a sentence

• Each Pipeline Loan and each Loan Held for Sale complies in all material respects with the Applicable Requirements for the stage of processing that has been achieved based on the Investor or Insurer program under which the Company originated the Pipeline Loan or Loan Held for Sale, including compliance with applicable Requirements of Laws and procurement of required settlement services (including appraisal, title and insurance).

• To the extent applicable to a given Seller Pipeline Loan based on the stage of processing, the appraisal prepared in connection with property associated with such Seller Pipeline Loan was prepared by a qualified appraiser with no direct or indirect interest in the property and both the appraisal and the appraiser satisfied all Laws and Applicable Requirements.

• Each Mortgage Loan was originated and conforms in all material respects to all applicable Laws and each Loan Held for Sale and each Pipeline Loan is eligible for sale to, insurance by, or pooling to back or secure as collateral securities issued or guaranteed by the applicable Investor or Insurer program under which BCSB or any BCSB Subsidiary originated the Loan Held for Sale and/or Pipeline Loan.

• No fraud occurred on the part of Seller or, to Seller’s Knowledge, any mortgagor, in connection with any Pipeline Loan for which Buyer would be liable to an investor, Insurer or other Person.

• No Seller Pipeline Loan was originated or underwritten by a Person that was not an employee of Seller or by the Joint Venture at the time originated or underwritten.

More Definitions of Pipeline Loan

Pipeline Loan means any application in process for a Mortgage Loan whether or not registered and designated as price protected on the Company’s residential mortgage loan origination system and which have not closed or funded as of the Closing Date.

Pipeline Loan means such of the Existing Mortgage Loans brief details of which are set out in Schedule 7.

Pipeline Loan means each of those pending mortgage loans to be secured by a first priority mortgage lien on a one- to four- family residential property (i) with respect to which Seller has (a) issued a commitment or otherwise agreed with an applicant to fund, (b) determined to fund, (c) committed to a specified interest rate or (d) issued a commitment (including without limitation bulk commitments and assignments of trades) or otherwise agreed with a correspondent originator or purchaser to purchase (including those mortgage loans which are pending with a correspondent originator or purchaser and which otherwise meet Seller's acquisition criteria for such mortgage loans) and (ii) which has not closed (or been purchased from the correspondent) as of the Closing Date.

Pipeline Loan means various potential Mortgage Loans (which are to be further identified in the Letter Agreement) which are in one of various stages of loan origination, approval and processing at MLCC, but which, as of the Effective Date, shall not have been closed and funded.

Pipeline Loan means each pending mortgage loan to be secured by residential real property by a mortgage lien (i) with respect to which Seller or its Subsidiaries has (a) issued a commitment or otherwise agreed with an applicant to fund, (b) determined to fund, (c) committed to a specified interest rate or (d) issued a commitment (including, without limitation, bulk commitments or assignments of trades) or otherwise agreed with a broker or correspondent originator or purchaser to purchase and (ii) which has not closed or been purchased from a correspondent as of the Closing Date.

Pipeline Loan means each of those pending applications in process for a mortgage loan, including construction loans, to be secured by a first- or subordinate-lien on a one- to four-family residential property that has been registered on First Chester’s or any First Chester Subsidiary’s origination system by the Effective Date (including those Pipeline Loans that are pending with an Originator and that otherwise meet First Chester Group’s acquisition criteria for such Pipeline Loans) and that have not closed as of the Effective Date.

Pipeline Loan means each of those pending applications in process for a mortgage loan, including construction loans, to be secured by a first or subordinate lien on a one- to four-family residential property that has been registered on BCSB’s or any BCSB Subsidiary’s origination system by the Effective Date (including those Pipeline Loans that are pending with an Originator and that otherwise meet BCSB Subsidiary’s acquisition criteria for such Pipeline Loans) and that have not closed as of the Effective Date.