Third Party Origination definition

Third Party Origination means any Loan for which a Third Party Originator performs a significant portion of the origination process for a fee, including but not limited to taking an application from a borrower, processing the Loan application, ordering appraisals and/or credit reports and verifying income and/or employment.
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Examples of Third Party Origination in a sentence

  • TPO agrees to submit such Loans to UHMC, and UHMC agrees to underwrite such Loans, in accordance with the terms and conditions set forth below and in the Online Third Party Origination Manual.

  • UHMC and Third Party Originator are parties to that certain Master Loan Third Party Originator Purchase and Sale Agreement dated as of , 20 (the "Third Party Origination Agreement").

  • The following new section, numbered Section 10.11 and titled "Secondary Marketing, Underwriting, Third Party Origination and Interest Rate Risk Management Practices," shall be added to the Credit Agreement: "Borrower shall notify Lender in writing at minimum thirty (30) days prior to making any material changes to its secondary marketing, underwriting, third party origination and interest rate risk management practices of Borrower that exist as of the date hereof.

  • The following new section, numbered Section 10.11 and titled “Secondary Marketing, Underwriting, Third Party Origination and Interest Rate Risk Management Practices,” shall be added to the Credit Agreement: Borrower shall not, without the prior written approval of Lender, change any secondary marketing, underwriting, third party origination and interest rate risk management practices of Borrower that exist as of the date hereof.

  • Nothing in this Agreement or the Dime Correspondent Manual shall obligate Dime to purchase Loans offered for sale to it by Correspondent, and Dime reserves the right to reject any Loan offered to it by Correspondent for any reason whatsoever, including but not limited to the fact that it is a Third Party Origination or the identity of the Third Party Originator.

  • Correspondent warrants that all Loans under the terms of this Agreement have been and will be originated only by the Correspondent, unless specific approval has been granted for third party originations and a Third Party Origination Rider has been executed by Correspondent and Purchaser.