Common use of Nationstar’s Internal Audit Clause in Contracts

Nationstar’s Internal Audit. Nationstar’s IAD shall conduct audits of Nationstar’s servicing functions, including Nationstar’s compliance with the Servicing Standards. The IAD shall include the Servicing Standards in its annual risk assessment, which forms the basis for its annual audit plan, and shall conduct audits in accordance with its annual risk assessment and annual audit plan. Nationstar’s internal auditing schedule shall be based on an assessment of high risk areas and emerging trends. The audits shall be conducted in the ordinary course of Nationstar’s business consistent with industry standards and this Agreement.