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It covers the approval and ongoing compliance process, including seller requirements, recertification, legal good standing, change notifications, and termination. The guide also details representations and warranties by the seller, relationship and party provisions, covenants, survival and severability, fees and notices, and governing law and dispute resolution. 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Contents  \nSection 1-Introduction .......................................................................................................5  \n1.1 About this Guide ............................................................................................................... 5  \n1.2 Number, Captions and Gender of Words ....................................................................... 5  \n1.3 Announcements................................................................................................................. 5  \n1.4 Customer Support ............................................................................................................ 6  \n1.5 Website ............................................................................................................................. 6  \n1.6 Holiday Schedule ............................................................................................................... 6  \nSection 2 – Correspondent Seller Approval ....................................................................7  \n2.1 Seller Requirements .......................................................................................................... 7  \n2.2 Recertification ................................................................................................................ 8  \n2.3 Legal and Good Standing .................................................................................................. 8  \n2.4 Notification of Significant Change .................................................................................... 8  \n2.5 Termination ....................................................................................................................... 8  \nSection 3– Representations, Warranties and Provisions ..................................................9  \n3.1 Representations and Warranties of Seller - General....................................................... 9  \n3.2 Representations and Warranties of Seller as to Each Loan.......................................... 12  \n3.2.1 Business Purpose................................................................................................. 21  \n3.3 Relationship of the Parties .............................................................................................. 23  \n3.4 Successors and Assigns: Third-Pary Beneficiaries ................................................ 23  \n3.5 Additional Covenants...................................................................................................... 23  \n3.6 Survival of Covenants, Provisions, Agreements, Representations and Warranties.............................................................................................................................................. 25  \n3.7 Severability ...................................................................................................................... 26  \n3.8 Fees and Expenses .......................................................................................................... 26  \n3.9 Waivers............................................................................................................................ 26  \n3.10 Notices .......................................................................................................................... 27  \n3.11 Assignment .................................................................................................................... 27  \n3.12 Confidentiality ............................................................................................................... 27  \n3.13 Entire Agreement .......................................................................................................... 28  \n3.14 Governing Law .................................................................","cbCaikKV1KaI3fcy","https://ap.wps.com/l/cbCaikKV1KaI3fcy","pdf",2854592,235,"English","# Section 1-Introduction\n## 1.1 About this Guide\n## 1.2 Number, Captions and Gender of Words\n## 1.3 Announcements\n## 1.4 Customer Support\n## 1.5 Website\n## 1.6 Holiday Schedule\n# Section 2 – Correspondent Seller Approval\n## 2.1 Seller Requirements\n## 2.2 Recertification\n## 2.3 Legal and Good Standing\n## 2.4 Notification of Significant Change\n## 2.5 Termination\n# Section 3– Representations, Warranties and Provisions\n## 3.1 Representations and Warranties of Seller - General\n## 3.2 Representations and Warranties of Seller as to Each Loan\n## 3.3 Relationship of the Parties\n## 3.4 Successors and Assigns: Third-Pary Beneficiaries\n## 3.5 Additional Covenants\n## 3.6 Survival of Covenants, Provisions, Agreements, Representations and Warranties\n## 3.7 Severability\n## 3.8 Fees and Expenses\n## 3.9 Waivers\n## 3.10 Notices\n## 3.11 Assignment\n## 3.12 Confidentiality\n## 3.13 Entire Agreement\n## 3.14 Governing Law\n## 3.15 Dispute Resolution and Venue\n## 3.16 No Solicitation\n# Section 4– Defaults, Indemnifications and Repurchases\n## 4.1 General Defaults and Remedies\n## 4.2 Repurchase Detail\n## 4.3 Discovery, Notification and Response to Breach\n## 4.4 Early Payment Default (EPD)\n## 4.5 Early Payoff (EPO)\n## 4.6 Repurchase Price Calculation\n## 4.7 Reassignments\n## 4.8 Right to Cancel\n## 4.9 Indemnification\n# Section 5 – Loan Pricing and Lock Requirements\n## 5.1 Best Efforts\n## 5.1.1 Best Efforts Lock Options and Hours\n## 5.1.2 Best Efforts Lock Period","[{\"question\":\"What does the guide cover for correspondent seller approval?\",\"answer\":\"It covers seller requirements, recertification, legal and good standing, notification of significant change, and termination requirements.\"},{\"question\":\"Which sections explain the seller’s representations and warranties?\",\"answer\":\"Section 3 details general representations and warranties, representations and warranties as to each loan, and related provisions such as covenants, survival, severability, and confidentiality.\"},{\"question\":\"How are defaults, breach, and repurchases handled?\",\"answer\":\"Section 4 outlines general defaults and remedies, repurchase detail, discovery/notification/response to breach, early payment default (EPD), early payoff (EPO), repurchase price calculation, reassignment, cancellation rights, and indemnification.\"}]","Correspondent Seller Guide - Document section - overview | PDF",1789510573,82]