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15.142 Servicing Rights
All rights to service a loan for the owner of the loan.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-115-USDA-Loan

15.143 Specific Performance
A remedy available to PHH if Client breaches the Client Agreement whereby PHH may require precise fulfillment of the Client’s contractual obligation to sell loans to PHH pursuant to the terms of the Client Agreement and commitment.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-116-VA

15.144 Transferrable Record
A “transferrable record” as described in UETA and the E-SIGN Act and/or other applicable eMortgage Laws.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-117-VA-Loan

15.145 UETA
The Uniform Electronic Transactions Act of 1999 promulgated by the National Conference of Commissioners on Uniform State Laws, and the version of such act enacted in each applicable jurisdiction, as amended or replaced from time to time.

Resources > FAQ > CHAPTER-15-GLOSSARY > USDA

15.146 Underwriting Guidelines
The guidelines in this Guide which contain the basic loan underwriting and processing requirements, procedures, and forms of PHH for loans originated by a Client for sale to PHH.

Resources > FAQ > CHAPTER-15-GLOSSARY > USDA-Loan