RECERTIFICATION ADDENDUMThis Recertification Addendum is dated as of _______________, by and between <strong>Sun</strong> <strong>West</strong><strong>Mortgage</strong> <strong>Company</strong>, Inc. (“<strong>SWMC</strong>”) and _______________________________ (“B/C”).The definitions and provisions contained in the <strong>Mortgage</strong> Broker & CorrespondentAgreement and all amendments and addenda thereto (“B/C Agreement”) are incorporatedinto this Recertification Addendum. Capitalized terms used in this RecertificationAddendum and not defined herein shall have the respective meanings assigned in the B/CAgreement.B/C understands and agrees that, as a condition to maintaining its good standing with<strong>SWMC</strong>, B/C is required to submit an annual recertification package that includes, withoutlimitation, B/C’s updated financials. To simplify recertification and reduce the number andvolume of documents, <strong>SWMC</strong> may elect to not require B/C to re-execute each of the formsor addenda.B/C understands and agrees:• Even though <strong>SWMC</strong> may not require B/C to re-execute certain forms or addenda aspart of B/C’s recertification, such forms and addenda remain in full force and effect;• By submitting a recertification package to <strong>SWMC</strong>, B/C reaffirms each of the termsand conditions of the B/C Agreement; and• Each of the terms and conditions of the B/C Agreement remain in full force andeffect.Broker/Correspondent:_______________________________By: ____________________________________________Name: ____________________________________________Title: ____________________________________________Initials:________ BC App Ver. 7.7 10/06/2014 Page 40
AUTHORIZATIONS/RELEASE FOR BUSINESSES & INDIVIDUALSBy executing this document,(Broker/Correspondent Co.), licensed/incorporated in the state of(State), (the "applicant") acknowledges that it is in the best interest of bothApplicant and <strong>Sun</strong> <strong>West</strong> <strong>Mortgage</strong> <strong>Company</strong>, Inc., a California corporation (“<strong>Mortgage</strong>Lender”) for <strong>Mortgage</strong> Lender to perform due diligence concerning applicants backgroundand experience. Applicant further acknowledges that applicant benefits from the efficienciesin the due diligence process that are possible when mortgage lender and other similarlysituated entities in the mortgage industry exchange information about their experiences indoing business with individuals and <strong>com</strong>panies such as Applicant. Therefore, Applicanthereby consents and gives <strong>Mortgage</strong> Lender permission to submit the name of Applicant's<strong>com</strong>pany and any and all employees of that <strong>com</strong>pany for screening through any and allmortgage industry background databases, including, without limitation, databases operatedby <strong>Mortgage</strong> Asset Research Institute, Inc., such as the <strong>Mortgage</strong> Industry Data Exchange("MIDEX"). Applicant understands that <strong>Mortgage</strong> Lender performs quality control reviews ofthe loans that Applicant submits to <strong>Mortgage</strong> Lender for registration, review, underwriting,and/or purchase. Applicant understands and hereby consents to the release of informationabout any loan application that is believed to contain misrepresentations and/orirregularities. Applicant agrees and gives its consent that it and its employees may benamed as the originating entity or Loan Officers on such loans, whether or not applicant orits employees are implicated in the misrepresentations and/or irregularities. Applicanthereby releases and agrees to hold harmless <strong>Mortgage</strong> Lender, <strong>Mortgage</strong> Asset ResearchInstitute, Inc., all MIDEX subscribers, and any trade associations that endorse the MIDEXsystem from any and all liability for damages, losses, costs, and expenses that may arisefrom the reporting or use of any information submitted by <strong>Mortgage</strong> Lender or any otherMIDEX subscriber to <strong>Mortgage</strong> Asset Research Institute, Inc., recorded in the MIDEXsystem and used in any way by <strong>Mortgage</strong> Lender or any other MIDEX subscriber.DISCLOSURE OF INVESTIGATIVE CONSUMER REPORTYour application for Approval necessitates that all relevant inquiries, called “investigativeconsumer reports”, may be made on your <strong>com</strong>pany and its principals. This is the same kindof investigation that credit grantors, insurance <strong>com</strong>panies and employers have beenmaking for years, but Federal Legislation, The Fair Credit Reporting Act, now requires thatthe subjects be informed, in advance, that such reports may be made. In addition to creditdata concerning you, information as to your character, general reputation, professionalcharacteristics and financial responsibility may be gathered through interviews with creditagencies, employers and business associates. Any information we receive will be held instrict confidence. Your cooperation with our standard policy is appreciated.__________________________________________________________________Signature of Authorized Officer, Title__________________________________________________________________Name (please print)DateInitials:________ BC App Ver. 7.7 10/06/2014 Page 41
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