Examples of Daily Servicer Report in a sentence
Such Daily Servicer Report shall include a Daily Loan Inventory for the Purchased Assets and such other information required to be set forth therein or attached thereto.
On each Business Day, the Trustee, based on the Daily Servicer Report, shall distribute funds on deposit in the Collection Account to the Persons and in the order of priority set forth in clause (i) below.
Such information shall be delivered (i) with respect to the Daily Servicer Report, on the Business Day following the date of such report, and (ii) with respect to the Monthly Servicer Report, on the second Business Day following the end of the immediately preceding Reporting Period.
Unless otherwise agreed, all transfers of funds by any Principal to Seller hereunder shall be in immediately available funds and shall be remitted to the Funding Account (which shall be specified in each related Daily Servicer Report) and all Purchased Assets transferred shall be transferred to the Custodian pursuant to the Custodial Agreement.
No Borrower has been released, in whole or in part, except in connection with an assumption agreement approved by the issuer of any related PMI Policy and the title insurer, to the extent required by the policy, and by the FHA for the related FHA Loans, and the VA for the related VA Loans, and which assumption agreement is part of the Mortgage Loan File and the terms of which are reflected in the related Daily Servicer Report.
The Servicer shall prepare and forward by email to the Issuer, the Trustee and each Notice Person (i) not later than 2:00 p.m. New York City time on each Business Day, a Daily Servicer Report in substantially the form set forth on Exhibit A attached hereto, and (ii) as soon as reasonably practicable, from time to time, such other information as the Trustee, any Notice Person or the Enhancement Provider may reasonably request.
The information set forth in each Daily Servicer Report is complete, true and correct in all material respects.
So long as the Servicer or any subservicer (other than the Interim Subservicer) directly services any Mortgage Loan, the Servicer shall deliver electronically to the Sellers information with respect to such Mortgage Loan as part of the Daily Servicer Report to Sellers in form and substance set forth as Exhibit M-1 (and any additional reports agreed to by the Servicer and the Interim Subservicer as contemplated therein), in accordance with the timeframes set forth therein.
The Mortgage Interest Rate for the Eligible Mortgage Loan as set forth on the Daily Servicer Report is net of any such insurance premium.
The substance of any such waiver, alteration or modification has been approved by the issuer of any related PMI Policy and the title insurer, to the extent required by the policy, and by the FHA for the related FHA Loans, and the VA for the related VA Loans, and its terms are reflected on the related Daily Servicer Report.