Software Terms of Use

This agreement states the terms and conditions for your use of the Software made available through this website

(the “Software”) provided to you by your mortgage loan originator (“MLO”).  Please read these terms carefully.

You  represent  that  the  information  entered  into  the   Software  is  true  and  complete.  Such  information  is incorporated in and made a part of this agreement.

MLO hereby grants to you a personal, non-exclusive, non-transferable, non-sublicensable, revocable license to use the Software only as specifically set forth in this agreement. MLO reserves for itself and its licensors any rights not expressly granted in this agreement.

You acknowledge that the Software is provided to you free of charge and MLO may terminate this agreement and the license granted in this agreement at any  time with  or without notice to you by disabling your access  to the Software.  You may terminate this agreement at any time upon written notice to MLO.

You acknowledge and agree that you do not acquire any ownership rights to the Software through this agreement or  by  your use  of  the  Software.   MLO  and/or  its  licensors  have  and  retain exclusive,  valid,  and  non-contestable ownership of the Software and all intellectual property and proprietary rights therein. You acknowledge that you may  suggest  improvements  and/or  communicate  to  MLO  ideas,  inventions,  discoveries,  or  concepts  (“Ideas”) related to the Software and that you and MLO may discover or create the Ideas jointly, and you agree that any such Idea shall be and remain solely the property of MLO and/or its licensors and may be used and sold, licensed, or otherwise provided by MLO and/or its licensors to third parties, or published or otherwise publicly disclosed, in MLO’s and/or its licensors’ sole discretion without notice, attribution, payment of royalties, or liability to you. You hereby assign to MLO any and all of your right, title, and interest in and to any such Ideas.

In  order  for  MLO  to  provide  the  Software,  you  grant  to  MLO  a  non-exclusive  right  and  license  to  use,  copy, distribute,  display,  and  transmit  information  you  enter  into  the  Software  solely  to  the  extent  necessary  for providing  the  Software  services.   The  Software  maintains  certain  personally  identifiable  information  about  you, and it facilitates communication between you and MLO.  Except as otherwise required by law or court order or as described in MLO’s privacy policies, MLO will not use or disclose any such information for any purpose other than to provide the Software services and for MLO’s proper business management and administration. The foregoing notwithstanding, MLO may compile (or permit its licensors to compile) statistical data relating to your use of the Software,  or  other  aggregated  or  de-identified  data,  so  long  as  such  statistical  data  does  not  identify  you.   You hereby assign to MLO any and all of your right, title, and interest in and to such statistical data.

You acknowledge that the Software constitutes valuable assets and trade secrets of MLO and/or its licensors and that  the  Software  is  protected  by  United  States  copyright  law  and  international  treaty  provisions.  You  may  not copy, modify, adapt, translate into any language, distribute, or create derivative works based on the Software.

You  hereby  authorize  MLO,  its  affiliates,  and  their  respective  employees,  agents,  and  contractors  to  initiate electronic  communications  by  e-mail,  telephone  (including  to  cellular  phone  numbers),  text  messages  (SMS  or MMS), and short code messaging to cellular phone numbers that are provided through the Software or as part of the registration process on the Software to provide updates or other purposes related to the Software and services provided  by  MLO.     Your  carrier  may  charge  for  these  incoming  calls  or  messages.     You  consent  to  such communications,  which  may  occur  by  use  of  an  automatic  telephone  dialing  system.    Telephone  calls  may  be recorded, standard data and message rates may apply for SMS and MMS alerts, whether you send or receive such messages,  and  you  agree  to be  responsible  for  all  such  charges.   Do  not submit  your information  if  you  do not consent to being contacted by telephone, text, or email.  We may also provide you with information we believe is relevant  to  you  about  services  we  provide,  or  that  our  partners  provide.   You  have  the  right  to  opt-out  of  all marketing  emails  that  you  receive  from  us  by  clicking  the  “unsubscribe”  button  located  at  the  bottom  of  our emails.   However, you may  not be able to unsubscribe from transactional emails  sent from us  to you regarding your  account  with  us.  To  opt-out  of  the  SMS  Alerts  program,  a  subscriber  can  send  or  text  STOP,  END,  QUIT, CANCEL or UNSUBSCRIBE to the short code or long code the message was sent from.  An unsubscribe message will be sent to their number confirming the cancellation.

You  may  not  do  any  of  the  following:  (i)  rent,  lease,  resell,  assign,  or otherwise  transfer  rights  or  access  to  the Software; (ii) distribute, copy, reproduce, display, republish, or transmit any portion of the  Software; (iii) modify, translate, reverse engineer, decompile, disassemble, or create derivative works based upon the  Software or any Software  or programming related thereto; (iv) “frame” or “mirror” any portion of the Software; (v) use any robot, spider, other automatic device, or manual process, to “screen scrape,” monitor, “mine,” or copy any portion of the Software;  (vi)  use  any  device,  Software  ,  methodology,  or  routine  to  interfere  with  the  proper  working  of  the Software  or  servers  or networks  connected  to  the  Software;  (vii)  access  data  of  which  you  are  not an  intended recipient or log into a server or account on a network related to the Software that you are not expressly authorized to access; (viii) harvest or collect information about other Software users; (ix) restrict or inhibit any other person from using the Software, including by means of “hacking” or defacing any portion of the Software; or (x) attempt to do, or assist anyone else with doing or attempting, any of the foregoing.

Laws regarding the transmission of personal information may vary from one state to another in the United States and from one country to another. You agree that you will use the Software only in a manner that complies with all applicable laws in the jurisdictions in which you use the Software and that your use of the Software is subject to all applicable local, state, national, and international laws and regulations.

THE SOFTWARE AND ALL SERVICES PROVIDED OR TO BE PROVIDED UNDER THIS AGREEMENT ARE PROVIDED “AS IS,” AND YOU ASSUME THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE SOFTWARE.   SPONSOR, FOR  ITSELF  AND  ITS  LICENSORS,  DISCLAIMS,  ANY  AND  ALL  WARRANTIES,  CONDITIONS,  OR  REPRESENTATIONS (EXPRESS OR IMPLIED, ORAL OR WRITTEN) WITH RESPECT TO THE SOFTWARE OR ANY PART OF IT, INCLUDING ANY AND ALL IMPLIED WARRANTIES OR CONDITIONS OF TITLE,  NONINFRINGEMENT, MERCHANTABILITY, OR  FITNESS OR  SUITABILITY  FOR  ANY  PURPOSE  (WHETHER  OR  NOT  SPONSOR  KNOWS,  HAS  REASON  TO  KNOW,  HAS  BEEN ADVISED, OR OTHERWISE IS IN FACT AWARE OF ANY SUCH PURPOSE), WHETHER ALLEGED TO ARISE BY LAW, BY REASON OF CUSTOM OR USAGE IN THE TRADE, BY COURSE OF DEALING, OR OTHERWISE.

NEITHER  MLO  NOR  ITS  LICENSORS  SHALL  BE  LIABLE  TO  YOU  (NOR  TO  ANY  PERSON  CLAIMING  RIGHTS  DERIVED FROM  THE  YOUR  RIGHTS)  FOR  INCIDENTAL,  INDIRECT,  CONSEQUENTIAL,  SPECIAL,  PUNITIVE,  OR  EXEMPLARY DAMAGES OF ANY KIND (INCLUDING LOST PROFITS, LOSS OF OR DAMAGE TO DATA, LOSS OF BUSINESS, OR OTHER ECONOMIC  DAMAGE),  WHETHER  ARISING  IN  CONTRACT,  TORT  (INCLUDING  NEGLIGENCE)  OR  OTHERWISE,  AND REGARDLESS OF WHETHER SPONSOR WAS ADVISED, HAD OTHER REASON TO KNOW, SHOULD HAVE ANTICIPATED, OR IN FACT KNEW OF THE POSSIBILITY THEREOF.  THE SOFTWARE IS PROVIDED TO YOU FREE OF CHARGE, AND IN NO  EVENT  SHALL  SPONSOR’S  OR  ITS  LICENSORS’  AGGREGATE  LIABILITY  TO  YOU  (INCLUDING  LIABILITY  TO  ANY PERSON OR PERSONS WHOSE CLAIM OR CLAIMS ARE BASED ON OR DERIVED FROM A RIGHT OR RIGHTS CLAIMED BY  OR  THROUGH  YOU),  WITH  RESPECT  TO  ANY  AND  ALL  CLAIMS  AT  ANY  AND  ALL  TIMES  ARISING  FROM  OR RELATED TO THE SUBJECT MATTER OF THIS AGREEMENT (INCLUDING WITHOUT LIMITATION THE SOFTWARE AND SERVICES),  IN  CONTRACT,  WARRANTY,  TORT  (INCLUDING  NEGLIGENCE),  OR  OTHERWISE,  EXCEED  $50.     THE PROVISIONS   OF   THIS   PARAGRAPH   ARE   INDEPENDENT   OF,   SEVERABLE   FROM,   AND   TO   BE   ENFORCED INDEPENDENTLY OF ANY OTHER ENFORCEABLE OR UNENFORCEABLE PROVISION OF THIS AGREEMENT.

Some  jurisdictions  do  not  allow  the  exclusion  of  certain  warranties  or  the  limitation  or  exclusion  of  liability  for incidental or consequential damages, so some of the limitations and disclaimers above may not apply to you.   To the  extent  applicable  law  does  not  permit  such  disclaimer  of  warranty  or  limitation  of  liability,  the  scope  and duration of such warranty and the extent of such liability shall be the minimum permitted under such applicable law.

You agree to indemnify and hold harmless MLO, its licensors, and their respective officers, directors, employees, and agents for any violation by you of the terms of this agreement.

YOU ACKNOWLEDGE THAT THE DISCLAIMERS, LIMITATIONS OF LIABILITY, AND INDEMNIFICATION PROVISIONS IN THIS  AGREEMENT  ARE  A  MATERIAL  INDUCEMENT  AND  CONSIDERATION  FOR  THE  GRANT  OF  THE  LICENSE CONTAINED IN THIS AGREEMENT AND FOR PROVIDING YOU WITH ACCESS TO THE SOFTWARE.

This  agreement  will  be  binding  upon  and  inure  to  the  benefit  of  the  parties  and  their  successors  and  assigns. Except  as  otherwise  expressly  provided  herein,  this  agreement  constitutes  the  entire  agreement  between  the parties  concerning  the  subject  matter  hereof.    No  prior  or  contemporaneous  representations,  inducements, promises,  or  agreements,  oral  or  otherwise,  between  the  parties  with  reference  thereto  will  be  of  any  force  or effect.   The failure of either party at any time to require performance by the other party of any provision of this agreement shall in no way affect the right of such party to require performance of that provision.   Any waiver by either party of any breach of this agreement shall not be construed as a waiver of any continuing or succeeding breach  of such provision, a waiver of the provision  itself, or a waiver of any  right under this  agreement.   If any provision  of  this  agreement  is  ruled  wholly  or  partly  invalid  or  unenforceable  by  a  court  or  other  body  of competent jurisdiction, the validity and enforceability of all provisions of this agreement not ruled to be invalid or unenforceable will be unaffected and the provision held wholly or partly invalid or unenforceable shall be deemed amended, and the court or other body is authorized to reform the provision, to the minimum extent necessary to render them valid and enforceable in conformity with the parties’ intent as manifested herein.

This Agreement shall be construed and enforced in accordance with the laws of the state of Texas (other than its conflicts of law provisions).

You may not assign this agreement or any of the rights or licenses granted under this agreement.  Any attempted sublicense, transfer, or assignment in violation of this agreement is void.

MLO’s  licensor  that  provides  the  Software  to  MLO  so  that  MLO  may  make  it  available  to  you,  PreApp,  LLC,  is intended  to  be,  and  shall  be,  a  third-party  beneficiary  of  this  agreement  with  rights  to  enforce  this  agreement against you.