Common use of Customary Servicing Procedures Clause in Contracts

Customary Servicing Procedures. Procedures (including collection procedures) that Servicer customarily employs and exercises in servicing and administering mortgage loans for its own account and which are in accordance with accepted mortgage servicing practices of prudent lending institutions for comparable mortgage loans and with the ▇▇▇▇▇▇ Mae Guides.

Customary Servicing Procedures. Procedures (including collection procedures) that the Servicer customarily employs and exercises in servicing and administering mortgage loans for its own account and which are in accordance with accepted mortgage servicing practices of prudent lending institutions for comparable mortgage loans and with institutions, the ▇▇▇▇▇▇ Mae Guides▇▇▇ Guides and, with respect to the Non-Conventional Mortgage Loans, FHA or VA regulations, as applicable. Cut-off Date: The date or dates designated as such in the related Commitment Letter.