Mortgage Lending · Secondary Marketing & Investor Relations
Loan sale agreements
A contract between a mortgage lender and a buyer setting the terms for selling closed loans, either individually or in pools.
What it usually contains
- Purchase price and pricing method, including servicing released or retained
- Loan eligibility criteria and delivery requirements
- Seller representations and warranties on loan quality
- Repurchase and indemnification triggers, such as early payment default or fraud
- Closing, funding, and document delivery timelines
What the assistant uses it for
Answering what a lender promised the loan buyer, when loans must be bought back, and how sale proceeds and servicing rights are handled. Also useful for checking delivery deadlines and eligibility rules before a sale.
How it is versioned
A document of this type has exactly one current version at a time. Upload a revision and it becomes the version that counts — the one before it is kept and dated, but is no longer what your assistant answers from. Nothing is ever deleted, so you can always show what this document said on a given date.
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