Delegated Authority Matrix definition

Delegated Authority Matrix means the matrix establishing the authorized amounts for renovation and repair costs as well as an escalation process for approvals exceeding authorized amounts.
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Delegated Authority Matrix. The delegated authority matrix attached as Exhibit 9 hereto, as may be updated or amended by the written agreement of the Parties, and in addition, the restrictions on the Subservicer’s authority, if any, appearing in the Pricing Schedule are deemed to be a part of the Delegated Authority Matrix.
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Delegated Authority Matrix. The Delegated Authority Matrix attached hereto as Exhibit XII, which may be amended from time to time by amendment to this Agreement. The Delegated Authority Matrix applies solely to Asset Loans.
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Examples of Delegated Authority Matrix in a sentence

  • Altisource will ensure that all code violations affecting a property which have been filed are resolved and cured within Delegated Authority Matrix guidelines.

  • If a requested Change Order exceeds the authorized amounts in the Delegated Authority Matrix, Altisource will follow the Defined Escalation Process for review and approval of the Change Order request.

  • Altisource will make reasonable commercial efforts to minimize total overall cost of maintaining Rental Property based on Residential Customer Design Specifications and Delegated Authority Matrix for approval of repairs.

  • Altisource will authorize certain Change Orders based on the Delegated Authority Matrix to be performed without delay.

  • In the event estimated repairs exceed pre-authorized amounts per the Delegated Authority Matrix, Altisource will follow the Defined Escalation Process for approval.

  • Subject to the terms and conditions of the MSA, Altisource shall provide, or cause to be provided, to Residential, and any of Residential’s Affiliates, the Property Preservation and Inspection Services with regard to REO Properties within the Delegated Authority Matrix and per direction and mutual agreement of Residential as required for each Service.

  • Altisource will, at Residential’s cost and on Residential’s behalf, manage the preservation of each Retail Property and the remediation of property conditions and defects to maintain each Retail Property in a clean and marketable condition at the direction of Residential and pursuant to the Delegated Authority Matrix as defined in the Leasing and Property Management SOW as of the Omnibus Amendment Effective Date.

  • The Owner/Servicer acknowledges and agrees that the Subservicer will use Subservicer’s standard Loss Mitigation waterfall for Non-Agency Loans, subject to the requirements of Applicable Law, Agency Requirements, Investor Guidelines, and this Agreement, including the Delegated Authority Matrix, as applicable.

  • The parties agree that FNMA’s guidelines will be applicable as to any servicing function to be performed by Subservicer hereunder unless Applicable Requirements necessitate another standard, practice or procedure be applied to the particular Mortgage Loan in question; provided that for Asset Loans, Subservicer shall also service the Mortgage Loans in accordance with the Delegated Authority Matrix, if any.

  • The Subservicer shall send all communications related to the Delegated Authority Matrix to the email address specified in the Delegated Authority Matrix, which such email address may be changed from time to time with prior written notice to the Subservicer.