Common use of Use of Owner’s Employees Clause in Contracts

Use of Owner’s Employees. The Owner has a limited number of employees who perform certain de minimis servicing functions on conventional Mortgage Loans. Servicer shall have no obligation to reimburse Owner for any portion of these activities attributable to Servicer’s own account.

Appears in 4 contracts

Samples: Flow Servicing Agreement (PennyMac Mortgage Investment Trust), Flow Servicing Agreement (PennyMac Mortgage Investment Trust), Flow Servicing Agreement (PennyMac Financial Services, Inc.)

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