Common use of Additional Servicing Requirements Clause in Contracts

Additional Servicing Requirements. The Servicer shall comply with the following additional requirements: (a) Get updated FICO scores quarterly for the entire portfolio at the Owner’s expense. (b) Apply all payments received from borrowers to principal and interest prior to any application of advances or fees. (c) Make staff available to participate in weekly calls to discuss loans in default including foreclosures, bankruptcy and REO Properties. (d) the additional requirements set forth in Exhibit 14 (in the case of subprime Mortgage Loans) and Exhibit 15.

Additional Servicing Requirements. The Servicer shall comply with the following additional requirements: (a) Get updated FICO scores quarterly for the entire portfolio at the Owner’s 's expense. (b) Apply all payments received from borrowers to principal and interest prior to any application of advances or fees. (c) Make staff available to participate in weekly calls to discuss loans in default including foreclosures, bankruptcy and REO Properties. (d) the additional requirements set forth in Exhibit 14 (in the case of subprime Mortgage Loans) and Exhibit 15.