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15.97 Mortgagee
The originator of any loan, as Client thereunder, together with its successors and assigns.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-73-Net-Fund

15.98 Mortgagor or Borrower
The maker, obligor, and/or guarantor of a Mortgage Note.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-74-Pair-off-Fee

15.99 Net Fund
The right to set-off and deduct any fees, penalties, or other sums owed to PHH by the Client under the terms of the program documents, which may include indemnification, repurchase invoices, Early Payoff fees, Early Payment Default fees, Pair-off...

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-75-Person-(1)

15.100 Non-Agency
With respect to any Loan, any Person that buys loans and is not an Agency.

Resources > FAQ > CHAPTER-15-GLOSSARY > 15-96-Non-Agency

15.101 Non-Agency Underwriting Standards
PHH's Non-Agency underwriting standards as described in Section 6.3 of this Guide.

Resources > FAQ > CHAPTER-15-GLOSSARY > 15-101-Non-Agency-Underwriting-Standards