Escrow Advance definition
Escrow Advance means any advance made to pay taxes or insurance premiums or any other cost or expense that, but for a shortfall in the Borrower’s Escrow Account, is payable using funds in the Borrower’s Escrow Account.
Escrow Advance. An advance made by the Servicer (including any predecessor servicer) with respect to a Mortgage Loan pursuant to the Servicer’s obligation to do so under a Designated Servicing Agreement, of real estate taxes and assessments, or of hazard, flood or primary mortgage insurance premiums, required to be paid (but not otherwise paid) by the related Obligor under the terms of the related Mortgage Loan.
Escrow Advance. Balance Total outstanding escrow advance balance.
Examples of Escrow Advance in a sentence
Corporate Advances Recovered at Termination The amount of the Total Corporate Advance balance recovered at termination Escrow Advances Recovered at Termination The amount of the Total Escrow Advance balance recovered at termination Commission The broker commission amount on liquidation Seller Concession The dollar amt of seller concessions upon liquidation.
Advance: Any P&I Advance (including Servicing Fee Advances), Escrow Advance or Corporate Advance.
Advance: Any Delinquency Advance, Escrow Advance or Corporate Advance.
Number Corporate Advances Recovered at A The amount of the Total Corporate Advance balance recovered at Number Termination termination Escrow Advances Recovered at A The amount of the Total Escrow Advance balance recovered at Number Termination termination Commission A The broker commission amount on liquidation Number Seller Concession A The dollar amt of seller concessions upon liquidation.
Number Corporate Advances Recovered at Termination The amount of the Total Corporate Advance balance recovered at termination Number Escrow Advances Recovered at Termination The amount of the Total Escrow Advance balance recovered at termination Number Commission The broker commission amount on liquidation Number Seller Concession The dollar amt of seller concessions upon liquidation.
More Definitions of Escrow Advance
Escrow Advance means any “Escrow Advances” (as defined in the applicable Subject Servicing Agreement or any other similar term therein) or, to the extent not so defined therein, advances in respect of real estate taxes and assessments or of hazard, flood or primary mortgage insurance premiums, required to be paid (but not otherwise paid) by or on behalf of the related Mortgagor under the terms of the related Mortgage Loan for which Servicer has a right of reimbursement under the applicable Subject Servicing Agreement.
Escrow Advance means advances made by the Servicer to pay Escrow Payments.
Escrow Advance means any advance disbursed by Servicer with respect to any Mortgage Pool as required by the ▇▇▇▇▇▇ ▇▇▇ Contract in order to pay tax obligations or insurance premiums due under any Mortgage Loan included in the related Mortgage Pool when the funds on deposit in any escrow custodial account or any other account containing escrow funds related to the applicable Mortgage Pool are insufficient to make the required payment, excluding any advance disbursed by an Interim Servicer related to Acquired MSRs until such time as Servicer completes reconciliation of such advances with the Interim Servicer and pays the Interim Servicer for such advances.
Escrow Advance. An advance made by the Servicer (including any predecessor servicer) with respect to a Mortgage Loan in a Designated Pool pursuant to the Servicer’s obligation to do so in accordance with a Designated Servicing Contract and the ▇▇▇▇▇▇▇ Mac Guide and/or the ▇▇▇▇▇▇▇ Mac Purchase Documents or the ▇▇▇▇▇▇ Mae Guide, (as applicable), of real estate taxes and assessments, or of hazard, flood or primary mortgage insurance premiums, required to be paid (but not otherwise paid) by the related Obligor under the terms of the related Mortgage Loan.
Escrow Advance. Interest on Advances: Escrow Balance: Other Advances: Suspense Balance: Servicing Advance Holdbacks: Restricted Escrow: Property Inspection: Rental Income Received: BPO: Insurance Settlement Received: Lender Placed Insurance: Other: Utilities: REO Repair Costs: Total Liquidation Proceeds: 0.00 Foreclosure Fees: Total Liquidation Expenses: 0.00 Bankruptcy: Net Liquidation Proceeds: 0.00 Eviction Costs: Loan Principal Balance: Transfer Tax: Realized Gain/Loss Amount: 0.00 Reconveyance Fees: Additional Proceeds Applied: Demand Fee: Prior Additional Proceeds: Total Holdbacks: 0.00 Loss Severity: #DIV/0! Other Fees (Including Fee Code B): Notes: UPB Accrued Interest to COE: 0.00 Advanced Delinquent ▇▇terest: 0.00 Stopped Delinquent Interest: Deferred Interest: Additional Interest: Total Liquidation Expenses: 0.00 ___________________________ *All amounts will be itemized, and to the extent not itemized, this form will be accompanied by documentation supporting all amounts claimed on this form. EXHIBIT R RELEVANT SERVICING CRITERIA The assessment of compliance to be delivered by the Master Servicer and the Trust Administrator shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria" with respect to such party: Where there are multiple checks for criteria the attesting party will identify in their management assertion that they are attesting only to the portion of the distribution chain they are responsible for in the related transaction agreements. ------------------ ----------------------------------------- ------------------ ----------------- ------------------ Regulation AB Servicing Criteria Servicers Master Servicer Trust Reference Administrator ------------------ ----------------------------------------- ------------------ ----------------- ------------------ ------------------ ----------------------------------------- ------------ ------------ ------------ ------------- General Servicing Considerations ------------------ ----------------------------------------- ------------ ------------ ------------ -------------
Escrow Advance. Interest on Advances: Escrow Balance: Other Advances: Suspense Balance: Servicing Advance Holdbacks: Restricted Escrow: Property Inspection: Rental Income BPO: Received: ________________________________ *All amounts will be itemized, and to the extent not itemized, this form will be accompanied by documentation supporting all amounts claimed on this form.
Escrow Advance. Any advance disbursed by or on behalf of the Servicer with respect to any Mortgage Pool as required by the ▇▇▇▇▇▇ ▇▇▇ Contract in order to pay tax obligations or insurance premiums due under any Mortgage Loan included in the related Mortgage Pool when the funds on deposit in any escrow custodial account or any other account containing escrow funds related to the applicable Mortgage Pool are insufficient to make the required payment, excluding any advance disbursed by an Interim Servicer related to Acquired MSRs until such time as Servicer completes reconciliation of such advances with the Interim Servicer and pays the Interim Servicer for such advances. Euroclear: Euroclear Bank S.A./N.V. as operator of the Euroclear System, and any successor thereto.