Qualified Originator definition

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

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

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.

Examples of Qualified Originator in a sentence

• The Mortgage Loan has been originated by, and, if applicable, purchased by the Borrower from, a Qualified Originator.

• Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is an Affiliate of the Seller has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan, and if so requested by the Buyer, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the Buyer.

• Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator which is a Subsidiary of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan.

• The Loans were originated or acquired by Seller, and the origination and collection practices used by Seller or Qualified Originator, as applicable, with respect to the 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.

• Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is an Affiliate of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan, and if so requested by Buyer, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to Buyer.

More Definitions of Qualified Originator

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 (a) the Borrower and (b) any other originator of Mortgage Loans as may be approved by the Lender in writing from time to time.

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 an originator of Mortgage Loans reasonably acceptable to Agent.

Qualified Originator. Guarantor or an Approved Originator.