WiiBid Agreements

Capitalized terms used in these Borrower Supplemental Terms (these “Terms”) have the meanings set out in the WiiBid Terms of Service available at <@> (the “Agreement”) unless otherwise defined in these Terms.

If you have registered to use the Service as a borrower, in addition to the terms and conditions of the Agreement and the Privacy Policy, you agree to be bound by the following terms and conditions:

  1. Primary Applicant and Co-Applicant. The Service enables you to apply for mortgage loans as either an individual borrower or jointly with another borrower.  If you wish to jointly apply for a mortgage loan with another borrower, the following terms apply:
    • In these Terms, “Primary Applicant” means the borrower that initiates the mortgage loan application through the Service (an “Application”), and “Co-Applicant” means the borrower that is invited by the Primary Applicant to jointly complete and submit an Application with the Co-Applicant.
    • During the Application, the Service will provide the Primary Applicant with the opportunity to invite a Co-Applicant to participate in the Application, and if the Primary Applicant elects to do so, WiiBid will email the Co-Applicant an invitation to register for a WiiBid Account and join the Application. By inviting a Co-Applicant to participate in the Application, the Primary Applicant acknowledges and agrees that the Customer Data he or she has provided to WiiBid for the purpose of completing the Application will be shared by WiiBid with the Co-Applicant if the Co-Applicant elects to join the Application.
    • If the Co-Applicant joins the Application, he or she acknowledges and agrees that: (i) any Customer Data he or she provides to WiiBid for the purpose of completing the Application will be shared by WiiBid with the Primary Applicant; and (ii) the Primary Applicant will be able to submit the Application, review and accept lender bids and enter into binding contracts with respect to the Application on Co-Applicant’s behalf.
  2. Broker. During an Application, the Service will provide you with the opportunity to invite and engage a broker to assist you in completing and submitting the Application, and if you elect to do so, WiiBid will email the broker you have selected an invitation to join the Application.  By inviting a broker to participate in the Application, you acknowledge and agree that: (a) any Customer Data you (and if applicable, your Co-Applicant) provide to WiiBid for the purpose of completing the Application will be shared by WiiBid with the broker you have selected; and (ii) the broker you have selected will be able to submit the Application, review and accept lender bids and enter into binding contracts with respect to the Application on your (and if applicable, your Co-Applicant’s) behalf.
  3. Accuracy of Your Information. You may not submit any false, fraudulent, indecent, obscene, profane or otherwise inappropriate information into any Application or otherwise on or through the Service, and you represent, warrant and covenant to WiiBid that you will submit only true and accurate information and will keep such information updated at all times during your use of the Service.
  4. Mortgage Loan and Information Disclaimers.
    • You acknowledge and agree that WiiBid is not a provider, vendor or lender of mortgage loans made available through the Service, nor is it a financial advisor. The information provided on the Service is provided for information purposes only and is not and should not be construed as financial advice or any other kind of advice.  Any information about mortgage loans appearing on the Service is provided directly by the lenders that have uploaded such information on to the Service, not by WiiBid.  WiiBid makes no representations or warranties regarding, nor does it endorse, any such information, and WiiBid shall not be responsible for any inaccuracies in any such information or any losses, claims, expenses, damages or liabilities that arise as a result of any such information.
    • You are solely responsible for evaluating the information provided on the Service, including without limitation information provided by mortgage lenders, and you acknowledge and agree that any use by you of such information shall be at your sole risk. WiiBid encourages you to perform your own research and to consult with suitable professionals (including without limitation accountants, real estate agents, mortgage brokers, insurance brokers and/or lawyers) before relying on any information provided on the Service or transacting with any mortgage lender or broker through the Service
  5. WiiBid Fees. While the Service is free for you to use, you acknowledge and agree that WiiBid will receive fees from the applicable lender upon funding of any mortgage loan advanced by such lender in response to an Application.

Capitalized terms used in these Broker Supplemental Terms (these “Terms”) have the meanings set out in the WiiBid Terms of Service available at <@> (the “Agreement”) unless otherwise defined in these Terms.

If you have registered to use the Service as a broker, in addition to the terms and conditions of the Agreement and the Privacy Policy, you agree to be bound by the following terms and conditions:

  1. Use of Borrower Information. If you accept an invitation from a borrower to participate in a mortgage loan application through the Service (an “Application”), you acknowledge and agree that: (a) you will use the borrower’s (and if applicable, such borrower’s co-applicant’s) information and data included in such Application solely for the purpose of advising the borrower on such Application, and completing and submitting such Applicant on the borrower’s behalf (if requested to do so by the borrower); and (b) any contract you enter into with such borrower is solely between you and the borrower (and if applicable, such borrower’s co-applicant).
  2. Accuracy of Your Information. You may not submit any false, fraudulent, indecent, obscene, profane or otherwise inappropriate information into any Application or otherwise on or through the Service, and you represent, warrant and covenant to WiiBid that you will submit only true and accurate information and will keep such information updated at all times during your use of the Service.
  3. Sample Forms. The Service may generate, or otherwise enable you to obtain or generate, certain sample forms, including without limitation sample letters of intent and commitment letters (collectively, “Sample Forms”).  The Sample Forms are provided for your convenience as examples only.  Your use of the Sample Forms is at your own risk.  The Sample Forms are not intended to encompass the full form of disclosure which may be required for the purpose for which you intend to use the Sample Forms.  Any form you or a lender enters into with a borrower will override these Sample Forms to the extent they conflict with one another.  WiiBid makes no representation or warranty of any kind in relation to the Sample Forms, and specifically does not represent or warrant that the Sample Forms comply with applicable laws or will be suitable for the purposes for or the jurisdictions in which you intend to use the Sample Forms.  You are solely responsible for ensuring that your use of the Sample Forms complies with all applicable laws and is appropriate for the applicable factual circumstances under which you use the Sample Forms.  If you determine that a Sample Form does not comply with all applicable laws or is not appropriate for the applicable factual circumstances, you must create and use your own form and not use the Sample Form.
  4. Mortgage Loan and Information Disclaimers. You acknowledge and agree that WiiBid is not a provider, vendor or lender of mortgage loans made available through the Service, nor is it a financial advisor.  The information provided on the Service is provided for information purposes only and is not and should not be construed as financial advice or any other kind of advice.  Any information about mortgage loans appearing on the Service is provided directly by the lenders that have uploaded such information on to the Service, not by WiiBid.  WiiBid makes no representations or warranties regarding, nor does it endorse, any such information, and WiiBid shall not be responsible for any inaccuracies in any such information or any losses, claims, expenses, damages or liabilities that arise as a result of any such information.
  5. WiiBid Fees. While the Service is free for you to use, you acknowledge and agree that WiiBid will receive fees from the applicable lender upon funding of any mortgage loan advanced by such lender in response to an Application.

Capitalized terms used in these Lender Supplemental Terms (these “Terms”) have the meanings set out in the WiiBid Terms of Service available at <@> (the “Agreement”) unless otherwise defined in these Terms.

If you have registered to use the Service as a mortgage lender, in addition to the terms and conditions of the Agreement and the Privacy Policy, you agree to be bound by the following terms and conditions:

  1. Use of Borrower Information. If WiiBid discloses to you any information regarding a borrower in connection with a mortgage loan application made by such borrower through the Service (an “Application”), you acknowledge and agree that: (a) you will use the borrower’s (and if applicable, such borrower’s co-applicant’s) information and data included in such Application solely for the purpose of evaluating such Application; and (b) any contract you enter into with such borrower is solely between you and the borrower (and if applicable, such borrower’s co-applicant).
  2. Sample Forms. The Service may generate, or otherwise enable you to obtain or generate, certain sample forms, including without limitation sample letters of intent and commitment letters (collectively, “Sample Forms”).  The Sample Forms are provided for your convenience as examples only.  Your use of the Sample Forms is at your own risk.  The Sample Forms are not intended to encompass the full form of disclosure which may be required for the purpose for which you intend to use the Sample Forms.  Any form you or a broker enters into with a borrower will override these Sample Forms to the extent they conflict with one another.  WiiBid makes no representation or warranty of any kind in relation to the Sample Forms, and specifically does not represent or warrant that the Sample Forms comply with applicable laws or will be suitable for the purposes for or the jurisdictions in which you intend to use the Sample Forms.  You are solely responsible for ensuring that your use of the Sample Forms complies with all applicable laws and is appropriate for the applicable factual circumstances under which you use the Sample Forms.  If you determine that a Sample Form does not comply with all applicable laws or is not appropriate for the applicable factual circumstances, you must create and use your own form and not use the Sample Form.