Correspondent's Duties Sample Clauses

Correspondent's Duties. The Correspondent shall diligently perform all duties incident to the selling and servicing of all Eligible Loans that may be sold by the Correspondent, from time to time. In the performance of such duties, the Correspondent shall employ procedures and exercise the same care that it would maintain for loans held in its own portfolio and in accordance with standards of practice, diligence, prudence and competence maintained by prudent mortgage lenders in the jurisdiction where the property is located. The Correspondent shall also comply with all of the provisions of the Guides and with all other reasonable requirements and instruction of TMHL and the Master Servicer, as applicable. The Correspondent shall perform such services at its sole expense except as otherwise expressly provided in the Guides. The Correspondent agrees to service each of such Eligible Loans continuously beginning with the Purchase Date for such Eligible Loans until either all interest and principal on each Eligible Loan has been paid in full, the Eligible Loan has been liquidated as provided in the Guides, or such servicing duties are terminated by TMHL or the Master Servicer.