Common use of Servicing Files Clause in Contracts

Servicing Files. Seller shall deliver to GMACM a servicing file for each loan in the Manual Transfer. Files will contain, but not be limited to, the documents identified below (as applicable) which are critical for boarding the loans to GMACM’s system: Legal Description (Exhibit A) / Tax Contract (copy) Homeowner authorization if NY or NJ Copy of Note with all riders Interest Only Addendum Buydown agreement/rider Copy of recorded Mortgage/Deed of Trust with riders (if recorded copy is not available; provide copy of unrecorded document) Funding Letter/First Payment Letter RESPA/Escrow Account Disclosure HUD-1 Settlement Statement – final Loan Application Form 1003 (initial and final signed application) Appraisal/PSAR (with all attachments) Certificate of Flood Zone Rating Evidence of Insurance Applicable Mortgage Insurance: PMI commitment, FHA MIC, VA LGC PMI Disclosure statement Tax Certification System master file record Payment history from origination to current year-to-date