Approval Requirement. In all circumstances of an unapproved transfer of a Mortgaged Property initiated by the Borrower, the Servicer is required to promptly notify, where applicable, the respective Primary Mortgage Insurer and/or the respective Pool Insurer, of such transfer and obtain written approval before initiating enforcement proceedings.
Appears in 52 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-20 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-1 Trust)
Approval Requirement. In all circumstances of an unapproved transfer of a Mortgaged Property initiated by the Borrower, the Servicer is required to promptly notifynotify the Master Servicer and, where applicable, the respective Primary Mortgage Insurer and/or the respective Pool Insurer, of such transfer and obtain written approval before initiating enforcement proceedings.
Appears in 25 contracts
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar3 Trust), Servicing Agreement (Wells Fargo Asset Securities Corp)