Qualified Originator definition

Qualified Originator means an originator of Mortgage Loans which is acceptable under the Underwriting Guidelines.

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Qualified Originator means an originator of Mortgage Loans reasonably acceptable to the Lender.

Qualified Originator means an originator of Loans which is acceptable under the Agency Guidelines.

Examples of Qualified Originator in a sentence

• Any and all interest of a Qualified Originator in, to and under any Purchased Mortgage Loan funded in the name of or acquired by such Qualified Originator has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal true sale and such Qualified Originator retains no interest in such Purchased Mortgage Loan other than any Servicing Rights applicable to a Servicing-Retained Mortgage Loan.

• The Purchased Mortgage Loan was originated by Seller or a Qualified Originator.

• Neither Seller nor the Qualified Originator from which Seller acquired the Purchased Mortgage Loan has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Purchased Mortgage Loan.

• The Insured Closing Letter inures to the benefit of, and the rights thereunder may be enforced by, the Guarantor or other Qualified Originator and its successors and assigns, including Buyer.

• The Underlying Loans were originated or acquired by Guarantor, and the origination and collection practices used by Guarantor or Qualified Originator, as applicable, with respect to the Underlying Loans have been, in all material respects, legal, proper, prudent and customary in the residential mortgage loan origination and servicing business, and in accordance with the applicable Underwriting Guidelines or the Agency Guidelines.

More Definitions of Qualified Originator

Qualified Originator means (a) Seller and (b) any other originator of Loans previously approved by Buyer; provided, that Buyer shall have the right to reject an originator (other than Seller) (in its sole discretion) by delivering written notice to Seller fifteen (15) days prior to ceasing to accept Loans originated by such person.

Qualified Originator means the Seller or a correspondent of the Seller approved by the Seller in accordance with the Seller’s correspondent approval process.

Qualified Originator means Seller.

Qualified Originator means (a) either Borrower, or (b) any other mutually agreed upon originator of Mortgage Loans; provided, however, that no correspondent of either Borrower shall be a Qualified Originator for the purposes of this Warehouse Agreement.

Qualified Originator means either Seller or another originator of Loans approved by Buyer in writing.

Qualified Originator means (a) the Borrower and (b) any other originator of Mortgage Loans; provided, however, the Lender shall have the right to reject an originator (in its reasonable discretion) by delivering written notice to the Borrower 15 days prior to ceasing to accept Collateral originated by such person.

Qualified Originator. Guarantor or an Approved Originator.