warning Coming soon – PHH Mortgage is changing its name! right arrow

Learn More >

FAQ Search Results

Explore by Topics

Found 397 Results

2.9.1 Representations and Warranties Regarding Loans
After diligent investigation and inquiry, with respect to all loans being sold, as of the related Closing Date, the Client further represents and warrants to PHH that as of delivery of any loan to PHH and the Closing Date, all of the general...

Resources > FAQ > Chapter-2-Seller-Approval-Process-and-Eligibility > 2-8-Representation,-Warranties-and-Covenants > 2-8-1-Representations-and-Warranties-Regarding-Loa

2.9.2 Covenants of Client
The Client covenants and agrees with PHH that the Client shall provide required notices and reports in a timely fashion and otherwise comply with the provisions of this Guide. The Client shall notify PHH immediately of any material change in its...

Resources > FAQ > Chapter-2-Seller-Approval-Process-and-Eligibility > 2-8-Representation,-Warranties-and-Covenants > 2-8-2-Covenants-of-Seller

2.9.3 Non Solicitation of Borrowers
The Client covenants and agrees that it will not directly or indirectly take any action, or cause any action to be taken by any of its designated third party originators, agents, contractors, employees or affiliates, to solicit the prepayment of or...
READ MORE

Resources > FAQ > Chapter-2-Seller-Approval-Process-and-Eligibility > 2-8-Representation,-Warranties-and-Covenants > 2-8-3-Non-Solicitation-of-Borrowers

2.9.4 Non Solicitation of Employees
During the term of the Client Agreement and for a period of 12 months after the termination of the Client Agreement, the Client, on its own behalf or on behalf of any other party, shall not, without PHH’s prior express written consent,...

Resources > FAQ > Chapter-2-Seller-Approval-Process-and-Eligibility > 2-8-Representation,-Warranties-and-Covenants > 2-8-4-Non-Solicitation-of-Employees

2.9.5 Reconstitution of Loans
The Client acknowledges that with respect to some or all of the loans purchased by PHH from Client, PHH or an affiliate of PHH may affect either:
  • one or more sales of the loans as whole loan transfers (each, a “Whole Loan...

Resources > FAQ > Chapter-2-Seller-Approval-Process-and-Eligibility > 2-8-Representation,-Warranties-and-Covenants > 2-8-5-Reconstitution-of-Loans