Fourth-Party Provider definition
Fourth-Party Provider or “Fourth-Party Providers” shall mean any person or entity retained by a Third Party Provider to perform Servicing Activities for loans serviced by Servicer.
Examples of Fourth-Party Provider in a sentence
Servicer shall also ensure that Third-Party Providers require any Fourth- Party Provider to disclose to the Third-Party Provider any imposition of sanctions or professional disciplinary action taken against the Fourth-Party Provider for misconduct related to the performance of Servicing Activities, and Servicer must require Third-Party Providers to disclose any such sanctions or disciplinary actions to Servicer.
Consumer complaints (including responses) received by Servicer relating to the performance of Servicing Activities by a Third-Party Provider or Fourth-Party Provider shall be considered by Servicer as part of its periodic review.