Net Worth and Portfolio Requirements. (a) The Servicer must maintain a Tangible Net Worth of at least $1,000,000. (b) The Servicer must maintain an Adjusted Tangible Net Worth of at least $1,000,000. (c) The Servicer must maintain a servicing portfolio of at least $1,000,000,000.
Appears in 77 contracts
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-15 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar14 Trust)
