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omission of a material fact. Broker warrants the accuracy of all information contained in any
Application and Mortgage Loan documents submitted to Lender, whether or not Broker has
knowledge or reason to suspect any inaccuracy or omission. Broker acknowledges that the
information in the Application may be subject to Lender’s independent verification, underwriting
approval or quality control review but this shall not affect Broker’s duties, responsibilities,
representations and warranties hereunder and Broker shall not be entitled to rely on such actions
of Lender to in any way relieve Broker of his responsibilities, representations, and warranties
herein.
g. Compliance with Laws & Lender Requirements
Broker has complied and shall continue to comply with all applicable federal, state, and local laws,
regulations, rules, and Lender Requirements in the operation of its business, and in its submission
of each Application and the origination of each Mortgage Loan. Broker is in full compliance in
all
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espects, and in good standing, with all regulatory and supervisory agencies having jurisdiction over
Broker. This includes, without limitation, applicable state lending and licensing and/or registration
laws (including but not limited to the SAFE Act), the Federal Fair Housing Act, RESPA, Regulation X,
TILA, Regulation Z, Equal Credit Opportunity Act, Regulation B, Consumer Credit Protection Act,
Flood Disaster Protection Act, Fair Credit Reporting Act, Home Mortgage Disclosure Act, and HUD
regulations applicable to a loan correspondent all as amended from time to time.
h. Marketability of Mortgage Loans
Broker has no knowledge of any circumstances or conditions with respect to any Application,
Mortgage Loan, property securing the Mortgage Loan, Borrower or Borrower’s credit standing tha
t
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ould reasonably be expected to, 1) cause any third-party investors to regard the purchase of the
Mortgage Loan as an unacceptable investment, 2) cause any Mortgage Loan to become delinquent,
or, 3) adversely affect the value or marketability of any such Mortgage Loan.
i. No Conflict
The Broker’s execution, delivery, and performance of this Agreement will not violate or conflict
with any provisions of Broker's charter documents, any instrument relating to the conduct of its
business, or any other agreement, law, rule, regulation, ordinance or order to which Broker may be
a party or under which Broker may be governed. Broker has no direct or indirect ownership interest
in any property acting as security for any Mortgage Loan submitted to Lender for closing and/or
funding.
j. No Other Agreements or Guarantees
Broker has not made, directly or indirectly, any payment on the Mortgage Loan, the Application, or
any fee paid for goods and services rendered in connection with the origination, closing, and
funding of the Mortgage Loan. Broker has also not made any agreement with the Borrower
providing for any variation of Mortgage Loan terms. Broker shall make no statements, suggestions
or implications, orally or in writing, to any Borrower or related parties that; 1) Broker has the
capacity to approve or fund the Mortgage Loan; 2) Lender will approve or has already approved the
Mortgage Loan; or, 3) Lender will make exceptions to Lender Requirements for Borrowers or
re
lated parties.
k. Fair Lending
Broker acknowledges that it does not discriminate against Borrowers based on age, race, color,
gender, ethnic background, national origin, religion, marital status, familial status, veteran status,
handicap status, sexual orientation, receipt of public assistance, because rights have been exercised
under the Consumer Credit Protection Act, or any other prohibited basis. Broker agrees to
indemnify and hold Lender harmless from and against any discriminatory practices employed by
Broker or its employees and/or agents. Broker has strictly complied with Lender’s Fair Lending
Policy & Acknowledgement included with this Agreement.