Common use of Non-Member Servicers Clause in Contracts

Non-Member Servicers. ‌ In addition to meeting all of the eligibility requirements for Servicers, Non-Member Servicers (NMS) must meet the following additional eligibility requirements in this section. Approval of NMS‌ To be a NMS and purchase Servicing Rights, an entity must: • Be approved as a servicer by at least one of the following agencies: Xxxxxx Xxx, Freddie Mac, or Xxxxxx Xxx. • Meet and maintain the following financial standards: