Servicing Guide Sample Clauses

A Servicing Guide clause defines the set of rules, procedures, and standards that a servicer must follow when managing a loan or financial asset. This clause typically references a specific document or manual that outlines requirements for activities such as collecting payments, handling defaults, and reporting to investors. By incorporating the Servicing Guide, the clause ensures that all parties understand and adhere to consistent servicing practices, reducing ambiguity and helping to maintain the quality and compliance of loan administration.
Servicing Guide. The ▇▇▇▇▇▇ Mae Servicing Guide or the ▇▇▇▇▇▇▇ Mac Servicing Guide, as in existence on the date of the related sale or transfer of Mortgage Loans to ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac, as applicable, as each may be amended or supplemented in writing from time to time.
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Servicing Guide. The Servicing Guide, which sets forth the terms and conditions under which the Company shall service mortgage loans on behalf of Purchaser, is a supplement to this Agreement. The Servicing Guide, as may be amended or supplemented from time to time by the Purchaser, is incorporated into this Agreement in full by reference and made a part hereof as fully as if set forth at length herein. All capitalized terms used and not defined herein have the meanings ascribed to them in the Servicing Guide; provided, however, that notwithstanding anything in the Servicing Guide to the contrary, as between Purchaser and the Company, the Company's shall not be deemed to be a Seller of the Mortgage Loans to the Purchaser pursuant to the PNC Mortgage Purchase Programs Seller Guide.
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Servicing Guide. Published November 17, 2021 For best results, pose your search like a question. PAYMENT DEFERRAL AGREEMENT **To accept this offer, you must [servicer include instruction on method(s) evidencing acceptance] by [date before end of the current month]** ] What is a Payment Deferral?
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Servicing Guide. The Fannie Mae Servicing Guide or the Freddie Mac Servicing Guide, as in ▇▇▇▇▇ence on the date of the rela▇▇▇ ▇▇▇e or transfer of Mortgage Loans to Fannie Mae or Freddie Mac, as applicable, as each may be amended or ▇▇▇▇▇▇mented i▇ ▇▇▇▇▇ng from time to time.
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Related to Servicing Guide

  • Underwriting Guidelines A true and correct copy of the Underwriting Guidelines certified by an officer of the Seller.

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Company. With respect to Additional Collateral Loans subserviced by MLCC, the Subservicing Agreement shall also include the Addendum and Assignment Agreement and the Pledged Asset Mortgage Servicing Agreement. With respect to any Pledged Asset Loan subserviced by GMAC Mortgage, LLC, the Addendum and Assignment Agreement, dated as of November 24, 1998, between the Master Servicer and GMAC Mortgage, LLC, as such agreement may be amended from time to time.

  • Servicing Agreements Seller will service the Mortgage Loans in accordance with Accepted Servicing Practices and will perform its obligations in all material respects in accordance with the Servicing Agreements and Applicable Law. In particular, Seller shall comply with any advancing obligation under the Servicing Agreements. Without the express written consent of Purchaser (which consent may be withheld in its absolute discretion), Seller shall not (a) cancel, terminate or amend any Mortgage Servicing Rights, (b) expressly provide any required consent to any termination, amendment or modification of any Servicing Agreements either verbally or in writing, (c) expressly provide any required consent to any termination, amendment or modification of any other servicing agreements or enter into any other agreement or arrangement with the applicable Owner that may be reasonably material to Purchaser either verbally or in writing, (d) expressly or verbally waive any material default under or breach of any Servicing Agreement by the applicable Owner that may be material to the Purchaser (in Purchaser’s reasonable determination) or (e) take any other action in connection with any such Servicing Agreement that would impair in any material respect the value of the interests or rights of the Purchaser hereunder. Seller shall conduct its business and perform its obligations under the Servicing Agreements in a manner such that the applicable Owner will not have cause to terminate any Servicing Agreement. Notwithstanding the foregoing, in no event will the prohibitions contained in this Section 8.11 apply to any amendments or modifications of the Servicing Agreements applicable to Current Mortgage Loans or Mortgage Loans owned by Seller which do not affect the Future Excess Servicing Spread with respect to such Current Mortgage Loans or Mortgage Loans and are not reasonably material to the Purchaser.

  • Servicing Agreement The Trustee makes no representations as to: (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in each Mortgage File of any of the Mortgage Loans identified on the [Mortgage Loan Schedule][Loan Number and Borrower Identification Mortgage Loan Schedule] or (ii) the collectibility, insurability, effectiveness or suitability of any such Mortgage Loan. Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. THE BANK OF NEW YORK, as Trustee By: _____________________________ Name: Title: EXHIBIT G-2 [Reserved] EXHIBIT H-1 [FORM OF] FINAL CERTIFICATION OF TRUSTEE [date] [Depositor] [Master Servicer] [Countrywide] --------------------- --------------------- Re: Pooling and Servicing Agreement among CWALT, Inc., as Depositor, Countrywide Home Loans, Inc. ("Countrywide"), as a Seller, Park Granada LLC, as a Seller, Park Monaco, Inc., as a Seller, Park Sienna LLC, as a Seller, Countrywide Home Loans Servicing LP, as Master Servicer, and The Bank of New York, as Trustee, Mortgage Pass-Through Certificates, Series 200_-_ Gentlemen: In accordance with Section 2.02 of the above-captioned Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), the undersigned, as Trustee, hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or listed on the attached Document Exception Report) it has received:

  • Servicing Programs No license or approval is required for the Administrative Agent’s use of any software or other computer program used by the Servicer, any Originator or any Sub-Servicer in the servicing of the Pool Receivables, other than those which have been obtained and are in full force and effect.