Amendment to Underwriting Services Agreement between E-Loan and PMI Mortgage Services Co.

Summary

This amendment updates the Underwriting Services Agreement between E-Loan and PMI Mortgage Services Co. It adds HomeSide Lending, Inc. as a party in Exhibit A and revises the review fees for mortgage loan packages in Exhibit G. The new fees are $60 for packages without mortgage insurance and $25 for those with insurance, under both Agency and Platinum Plus Underwriting Guidelines. All other terms of the original agreement remain unchanged. The amendment is effective upon the last party's signature in July 1998.

EX-10.19 20 c20960_ex10-19.txt AMENDMENT TO UNDERWRITING Exhibit 10.19 AMENDMENT TO UNDERWRITING SERVICES AGREEMENT This Amendment to Underwriting Services Agreement (the "Amendment") is entered into between E-LOAN, a California corporation, located at 6200 Village Parkway, Dublin, CA 94568 ("E-Loan"), and PMI MORTGAGE SERVICES CO., a California corporation, located at 601 Montgomery Street, San Francisco, CA 94111 ("PMI"). WHEREAS, PMI and E-Loan entered into an Underwriting Services Agreement (the "Agreement") on or about June 11, 1998 and WHEREAS, PMI and E-Loan wish to amend the Agreement with respect to the underwriting, guidelines and to the Review Fees payable and under the Agreement; NOW, THEREFORE, PMI and E-Loan agree to amend the Agreement on the following terms and conditions. 1. Exhibit A is amended to include the following: HOMESIDE LENDING, INC. ("HOMESIDE") 2. Exhibit G of the Agreement is hereby amended to read as follows: "REVIEW FEES. The Review Fee for each Mortgage Loan Package submitted hereunder shall be as follows: (i) for those Mortgage Loan Packages underwritten under the Agency Underwriting Guidelines for which Mortgage Insurance is not issued, the Review Fee shall be Sixty Dollars ($60.00), and the Review Fee for those Mortgage Loan Packages underwritten under the Agency Underwriting Guidelines for which Mortgage Insurance is requested shall be Twenty-Five Dollars ($25.00). (ii) for those Mortgage Loan Packages underwritten under the Platinum Plus Underwriting Guidelines for which Mortgage Insurance is not issued, Review Fee shall be Sixty Dollars ($60.00), and the Review Fee for those Mortgage Loan Packages underwritten under the Platinum Plus Underwriting Guidelines for which Mortgage Insurance is requested shall be Twenty-Five Dollars ($25.00)." 3. This Amendment shall become effective as of the date of the last party to sign. Exhibit 10.19 4. Except as amended hereby, the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this instrument on the date set forth below. E-LOAN PMI MORTGAGE SERVICES CO. /S/ STEVEN M. MAJERUS /S/ ILLEGIBLE - ---------------------------------- ------------- By: STEVEN M. MAJERUS By: Gene Campion ------------------------------- Its: DIRECTOR, MORTGAGE BANKING Its: National Underwriting Vice President ------------------------------ Date: July 30, 1998 Date: July 31, 1998 -2-