Settlement Cycle

begins on the morning after the Final Delivery Date and ends on the Settlement Date. In addition, in Loan Selling Advisor , the terms Settlement Cycle, funding cycle and purchase cycle can be used interchangeably. Settlement Date and sells the UMBS , MBS or ARM PCs to the Seller. For purposes of this Guide, the Settlement Date is the Funding Date. Mortgage delivery must be made in advance to meet the established Settlement Date. Settlement/Closing Disclosure Statement Except as provided below in connection with certain Servicing transactions, the Settlement/Closing Disclosure Statement means Disclosure ("TRID") rules, whether or not the TRID rules apply to the transaction.