Loan Servicer definition

Loan Servicer means the entity that from time to time is designated by Lender to collect payments and deposits and receive Notices under the Note, the Security Instrument, this Loan Agreement and any other Loan Document, and otherwise to service the Loan evidenced by the Note for the benefit of Lender.
Loan Servicer means the entity that has the contractual right to receive Xxxxxxxx’s Periodic Payments and any other payments made by Xxxxxxxx, and administers the Loan on behalf of Xxxxxx. Loan Servicer does not include a sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer.
Loan Servicer means the entity that has the contractual right to receive Borrower’s Periodic Payments and any other payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include a sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer.

Examples of Loan Servicer in a sentence

  • Borrower understands that the Loan Servicer or other authorized representative of Lender has the right and authority to take any such action.

  • Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer.

  • The Loan Servicer has the right and authority to: (a) collect Periodic Payments and any other amounts due under the Note and this Security Instrument; (b) perform any other mortgage loan servicing obligations; and (c) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of Lender.

  • If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made, and any other information RESPA requires in connection with a notice of transfer of servicing.

  • The Loan Servicer may change one or more times during the term of the Note.


More Definitions of Loan Servicer

Loan Servicer means an entity that has been retained to perform and carry out loan servicing functions with respect to one or more Loans.
Loan Servicer has the meaning set forth in the preamble.
Loan Servicer means the Loan Servicer for the Loans, duly appointed and designated as such pursuant to the Loan Servicing Agreement, dated as of the dated date of the Authority Bonds, between the Authority and the Loan Servicer, and its successors as Loan Servicer under the Loan Servicing Agreement.
Loan Servicer shall have the meaning assigned to it in Section 12.12 hereof.
Loan Servicer means the Department, acting through the Loan Programs Office.
Loan Servicer means the entity that from time to time is designated by Funding Lender Representative pursuant to Section 3.02 of the Project Loan Agreement to collect payments and deposits and receive Notices under the Note, this Instrument and any other Loan Document, and otherwise to service the loan evidenced by the Note for the benefit of Funding Lender and Lender.
Loan Servicer means the servicer of your loan as set out in the schedule. minimum monthly payments for a facility account, means the payments you must make on the account as set out in the schedule as varied from time to time.