Desktop Originator definition

Desktop Originator means Xxxxxx Mae's automated underwriting system available for use by loan brokers or loan correspondents.
Sample 1Sample 2Sample 3

Examples of Desktop Originator in a sentence

  • Over time, this standard became automated as part of the computer software maintained by both GSEs, called Loan Prospector by Freddie Mac and Desktop Originator and Underwriter by Fannie Mae.

  • Preliminary Desktop Originator (DO) findings are acceptable if they match the final loan terms (for borrower’s with debt ratios that exceed 43%, a final DU or LP is required for an exception to be granted).

  • Licensee acknowledges that Fannie Mae’s Marks include Desktop Originator.

  • Preliminary Desktop Originator (DO) findings are acceptable if they match the final loan terms (for borrowers with debt ratios that exceed 43%, a final DU or LP is required for an exception to be granted).

  • Fannie Mae's application software product known as Desktop Originator (Originator Version) (the “Licensed Application”) is licensed pursuant to this Schedule and the Master Terms and Conditions between Fannie Mae and Licensee (the “Master Terms”), into which this Schedule is incorporated.

  • Over time, this standard became automated as part of computer software maintained by both GSEs— LoanProspector by Freddie Mac and Desktop Originator and Underwriter by Fannie Mae.

  • UNDERWRITING Allregs GuidelinesCLICK HERE to AllRegs GuidelinesAllRegs Login CredentialsCLICK HERE if you need login credentials to access AllRegsAllied Overlay/Guidance SheetCLICK HERE to access Overlay/Guidance SheetProduct NameStandard: F10, F15, F20,F25, F30, F5YTEligible TermsHigh Balance: F30HB, F5YTHBUnderwriting Method/FindingsAll loans are run through TOTAL Scorecard via Fannie Mae Desktop Originator (DO), Desktop Underwriter (DU) or Loan Prospector (LP).

  • If applicable, place loan in a FINAL status in Desktop Originator.

  • The Chickasaw Nation and Choctaw Nation of Oklahoma and the Aleutian Housing Authority in Alaska have developed the capacity, using our Desktop Originator technology, to act as a loan origination source, expanding availability of low down payment loans to tribal members.

  • Preliminary Desktop Originator (DO) findings are acceptable as long as they match the final loan terms (for borrower’s with debt ratios that exceed 43%, a final DU or LP is required for an exception to be granted).

Related to Desktop Originator

  • Originator means the sender of the first payment order in a funds transfer.

  • Originators have the meaning set forth in the Purchase and Sale Agreement, as the same may be modified from time to time by adding new Originators or removing Originators, in each case with the prior written consent of the Administrative Agent.

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

  • Loan originator The entity that closes a Mortgage Loan in its own name.

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

  • Limited Originator Recourse means a reimbursement obligation of the Company in connection with a drawing on a letter of credit, revolving loan commitment, cash collateral account or other such credit enhancement issued to support Indebtedness of a Securitization Subsidiary that the Company’s Board of Directors (or a duly authorized committee thereof) determines is necessary to effectuate a Qualified Securitization Transaction; provided that the available amount of any such form of credit enhancement at any time shall not exceed 10.0% of the aggregate principal amount of such Indebtedness at such time.

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Registered mortgage loan originator means any individual who:

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • CMSA Special Servicer Loan File The data file in the "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.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of July 1, 2005, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Third Party Originating Carrier means a Telecommunications Carrier that originates Transit Traffic that transits AT&T-TSP’s network and is delivered to CLEC.

  • Originating Affiliate means an Affiliate of AmeriCredit that has originated Receivables and assigned its full interest therein to AmeriCredit.

  • CPS means Consumer Portfolio Services, Inc., a California corporation and its successors.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • General Special Servicer mean the Person performing the duties and obligations of special servicer with respect to the Mortgage Pool (exclusive of (A) any Serviced Loan Combination or related REO Property as to which a different Loan Combination Special Servicer has been appointed with respect thereto and (B) any Excluded Special Servicer Mortgage Loan or any related REO Property as to which an Excluded Mortgage Loan Special Servicer has been appointed with respect thereto).

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

  • PMI means the default insurance provided by private mortgage insurance companies.

  • Countrywide Servicing Countrywide Home Loans Servicing LP, a Texas limited partnership and its successors and assigns.

  • 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.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • financial service supplier means any natural or juridical person of a Party wishing to supply or supplying financial services but the term “financial service supplier” does not include a public entity;

  • GMAC GMAC Mortgage Corporation, or its successor in interest.

  • Servicer Affiliate A Person (i) controlling, controlled by or under common control with the Servicer or which is 50% or more owned by the Servicer and (ii) which is qualified to service residential mortgage loans.