Broker Price Opinion. For all Subserviced Loans, Approved Subservicers shall obtain an independent, third party broker price opinion (“BPO”) attesting to the value of the mortgaged property, which BPO shall be provided by a BPO vendor within thirty (30) days of onboarding (or as soon as practicable thereafter) from the list of BPO providers set forth in Schedule A attached hereto (“BPO Providers”), as updated from time to time; provided, however, that nothing in this Subservicing Protocol shall be construed to require the use of a BPO where such use would be precluded by applicable law. Additional BPO Providers proposed by JPMorgan or any Approved Subservicer may be authorized from time to time upon consent by the Trustees, such consent not to be unreasonably withheld. Any disputes regarding the foregoing shall be submitted to Xxxxxx Xxxxx, the settlement mediator, for binding resolution.
Appears in 5 contracts
Samples: RMBS Trust Settlement Agreement, RMBS Trust Settlement Agreement, RMBS Trust Settlement Agreement
