Common use of Servicing Activities Reserved Clause in Contracts

Servicing Activities Reserved. The Investor acknowledges that certain activities shall be reserved to the Servicer, including but not limited to phone calls with obligors, collections attempts, face to face meetings, loss mitigation activities, and any activity involving or related to any direct contact with the obligor or successor in interest to a borrower on any Loan(s). Any inadvertent or incidental contact between the Investor and a borrower shall be promptly reported to the Servicer for inclusion in the mortgage servicing record. Initial here: to confirm you agree to the foregoing provision.

Appears in 3 contracts

Samples: Participation Finance Agreement, Participation Finance Agreement, Participation Finance Agreement

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Servicing Activities Reserved. The Investor acknowledges that certain activities shall be reserved to the Servicer, including but not limited to phone calls with obligors, collections attempts, face to face meetings, loss mitigation activities, and any activity involving or related to any direct contact with the obligor or successor in interest to a borrower on any Loan(s). Any inadvertent or incidental contact between the Investor and a borrower shall be promptly reported to the Servicer for inclusion in the mortgage servicing record. Initial here: to confirm you agree to the foregoing provision.

Appears in 2 contracts

Samples: Participation Finance Agreement (preREO LLC), Participation Finance Agreement

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Servicing Activities Reserved. The Investor acknowledges that certain activities shall be reserved to the Servicer, including but not limited to phone calls with obligors, collections attempts, face to face meetings, loss mitigation activities, and any activity involving or related to any direct contact with the obligor or successor in interest to a borrower an obligor on any Loan(s). Any inadvertent or incidental contact between the Investor and a borrower obligors shall be promptly reported to the Servicer for inclusion in the mortgage servicing record. Initial here: to confirm you agree to the foregoing provision.

Appears in 1 contract

Samples: Participation Finance Agreement

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