Servicing Released. For the avoidance of doubt, Seller retains no economic rights to the servicing of the Purchased Loans provided that Seller shall continue to service the Purchased Loans hereunder as part of its Obligations hereunder. As such, Seller expressly acknowledges that the Purchased Loan are sold to Buyer on a “servicing released” basis.
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Sources: Master Repurchase Agreement, Master Repurchase Agreement (Redfin CORP)
Servicing Released. For the avoidance of doubt, Seller retains Sellers retain no economic rights to the servicing of the Purchased Loans provided that Seller Sellers shall continue to service the Purchased Loans hereunder as part of its Obligations hereunder. As such, Seller Sellers expressly acknowledges acknowledge that the Purchased Loan are sold to Buyer on a “servicing released” basis.
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