Loan Servicer definition

Loan Servicer means the entity that from time to time is designated by Lender or its designee 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 Lender. Unless Borrower receives Notice to the contrary, the Loan Servicer is the entity identified as “Lender” in the first paragraph of this Instrument.

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

• If required by Applicable Law, Borrower will receive notice of any change in the Loan Servicer.

• 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.

• 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 means the Person or Persons that from time to time is designated by Lender to collect payments and deposits and receive notices under the Note, this Loan Agreement and any other Loan Document, and otherwise to service the Loan for the benefit of Lender. Unless otherwise specified in section B of the Note, or unless Borrower receives notice to the contrary, the Loan Servicer means the Person or Persons identified as "Lender" in the first paragraph of this Loan Agreement.

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, this Instrument and any other Loan Document, and otherwise to service the loan evidenced by the Note for the benefit of Lender. Unless Borrower receives notice to the contrary, the Loan Servicer is the entity identified as “Lender” in the first paragraph of this Instrument.

Loan Servicer means the Department, acting through the Loan Programs Office.

Loan Servicer has the meaning set forth in the preamble.

Loan Servicer shall have the meaning assigned to it in Section 12.12 hereof.

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.