Sentences with phrase «funds on behalf of the borrower»

The lender disburses these funds on behalf of the borrower as the bills become due.

After an offer is selected, PNC will verify employment, income, credit history, and school attendance and costs before disbursing the funds on behalf of the borrower.

Not exact matches

Within one business day from notice of rescission, the borrower (s) must return any monies received and fees paid on behalf of the borrower (s) by certified funds.

In a partial claim, the lender or mortgage servicer advances funds, or the amount in arrears, on behalf of the borrower to reinstate the delinquent loan.

To determine the maximum amount of funds this borrower is eligible to receive, a net principal limit is calculated by subtracting any initial payments made to or on behalf of the borrower (for example, initial MIP, origination fees, closing costs, liens, cash payments to the borrower, and funds set aside for monthly servicing fees).

When the loan is fully funded, the marketplace will distribute the loan to the borrower, and then process the payments each month on behalf of the investors.

HFF worked exclusively on behalf of the borrower, a joint venture between Madison Marquette Retail Enhancement Fund, Barron Collier Companies and The Lutgert Companies to secure a five - year, floating - rate bridge loan through managing director Dan Martin and senior relationship manager Andy McLay at GE Capital Real Estate.

So far, Fannie Mae, which also offers a 3 % down program that lenders could buy down on behalf of borrowers, has not issued any new restrictions on such lender - funded down payment assistance.

HFF senior managing director Mike Tepedino and director Steven Klein worked exclusively on behalf of the borrower, a joint venture between Acadia Strategic Opportunity Fund II, LLC and P / A Associates, to secure the loan through M&T Bank and Capital One Bank.