Common use of Additional Servicing Requirements Clause in Contracts

Additional Servicing Requirements. In addition to its other obligations, under this Agreement, the Servicer shall: (a) Obtain updated FICO scores quarterly for the entire portfolio at the Owner’s expense. (b) apply all payments received from Mortgagors to principal and interest prior to any application of advances or fees. (c) make staff available to participate in weekly calls, as needed, to discuss loans in default including foreclosures, bankruptcy and REO Properties; and (d) adhere to the additional requirements relating to REO Property set forth in Exhibit 8 (in the case of Mortgage Loans identified by the Owner in the related Notice Letter as subprime mortgage loans) and Exhibit 9.

Additional Servicing Requirements. In addition to its other obligations, under this Agreement, the Servicer shall: (a) Obtain updated FICO scores quarterly for the entire portfolio at the Owner’s expense. (b) apply all payments received from Mortgagors to principal and interest prior to any application of advances or fees. (c) make staff available to participate in weekly calls, as needed, calls to discuss loans in default including foreclosures, bankruptcy and REO Properties; and (d) adhere to the additional requirements relating to REO Property set forth in Exhibit 8 (in the case of Mortgage Loans identified by the Owner in the related Notice Letter as subprime mortgage loans) and Exhibit 9.

Additional Servicing Requirements. In addition to its other obligations, under this Agreement, the Servicer shall: (a) Obtain updated FICO scores quarterly for the entire portfolio at the Owner’s 's expense. (b) apply all payments received from Mortgagors to principal and interest prior to any application of advances or fees. (c) make staff available to participate in weekly calls, as needed, calls to discuss loans in default including foreclosures, bankruptcy and REO Properties; and (d) adhere to the additional requirements relating to REO Property set forth in Exhibit 8 (in the case of Mortgage Loans identified by the Owner in the related Notice Letter as subprime mortgage loans) and Exhibit 9.