Loss Mitigation Advisor definition

Loss Mitigation Advisor. Purchaser: _______________________, or the holder of record of the Class B Certificates. Short Payoff: Liquidation of a Mortgage Loan at less than the full amount of the outstanding balance of the Mortgage Loan plus advances and costs through a negotiated settlement with the borrower, which may include a deed-in-lieu of foreclosure or sale of the property or of the promissory note secured by the collateral property to a third party, in either case with or without a contribution toward any resulting deficiency by the borrower.

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Loss Mitigation Advisor. The Murrayhill Company, a Colorado corporation.

Loss Mitigation Advisor. The Murrayhill Company, a Colorado corporation, and its successors and assigns.

Examples of Loss Mitigation Advisor in a sentence

• In all matters relating to this Agreement, the Loss Mitigation Advisor shall be acting as an independent contractor.

• All such notices and reports may be sent to the Loss Mitigation Advisor by telecopier, electronic mail, express mail or regular mail.

• The Loss Mitigation Advisor shall assume all liabilities or obligations imposed by any one or more of such laws with respect to the employees of the Loss Mitigation Advisor in the performance of this Agreement.

• Neither the Loss Mitigation Advisor nor any employees of the Loss Mitigation Advisor are employees or agents of the Servicer under the meaning or application of any Federal or State Unemployment or Insurance Laws or Workmen's Compensation Laws, or otherwise.

• During the term of this Agreement and at any time thereafter, without the prior written consent of the Servicer, the Loss Mitigation Advisor shall not publish, communicate, divulge, disclose or use any of such information.

• The Servicer acknowledges the confidentiality of this Agreement and will not release or republish its contents without the consent of the Loss Mitigation Advisor except to the extent required by law, regulation or court order.

• The Loss Mitigation Advisor shall not have any authority to assume or create any obligation, express or implied, on behalf of the Servicer, and the Loss Mitigation Advisor shall not have the authority to represent itself as an agent, employee, or in any other capacity of the Servicer.

• The Loss Mitigation Advisor hereby accepts such engagement, and acknowledges that its fees will be paid by the Purchaser and not the Servicer, and that it will not look to the Servicer for financial remuneration.

• Upon termination or expiration of this Agreement, the Loss Mitigation Advisor shall deliver all records, data, information, and other documents and all copies thereof supplied by or on behalf of the Servicer pursuant to Section 2.01 to the Servicer and such shall remain the property of the Servicer.

• The Loss Mitigation Advisor may recommend such other actions as are warranted by the circumstances of the property, borrower or foreclosure.

More Definitions of Loss Mitigation Advisor

Loss Mitigation Advisor. The Murrayhill Company, or its successors or assigns.

Loss Mitigation Advisor. The Murrayhill Company, a Colorado corporation, and any successor. Loss Mitigation Advisory Agreement. The agreement between the Servicer and the Loss Mitigation Advisor dated as of May 24, 2001.

Loss Mitigation Advisor. The ▇▇▇▇▇▇ ▇▇▇▇ Company, a Colorado corporation.

Loss Mitigation Advisor. AIC, and its permitted successors as provided herein.

Loss Mitigation Advisor. Purchaser: _______________________, or the holder of record of the Subordinate Certificates.