Loss mitigation application definition

Loss mitigation application means an oral or written request for a loss mitigation option that is accompanied by any information required by a servicer to evaluate the loss mitigation options available to the borrower.
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Loss mitigation application. MEANS AN ORAL OR
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Loss mitigation application means an oral or written request for a loss mitigation option that is accompanied by any information requested by a servicer for evaluation for a loss mitigation option.
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Examples of Loss mitigation application in a sentence

  • Loss mitigation application means an oral or written request for a loss mitigation option that is accompanied by any information required by the Servicer for evaluation for a loss mitigation option.

  • Loss mitigation application means an oral or written request for a loss mitigation option that is accompanied by any information required by a servicer for evaluation for a loss mitigation option.

  • Nothingin this section shall require a Servicer to communicate with a Borrower in a manner otherwise prohibited by applicable Tribal, Federal, or State law.§ 1005.733 Loss mitigation application, timelines, and appeals.(a) Servicer response to Loss Mitigation application.

  • Loss mitigation application means an oral or written request for a loss mitigation option that is accompanied by any information required by a servicer for evaluation for a loss mitigation option.Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the servicer to the borrower.Master servicer means the owner of the right to perform servicing.

  • Such compliance may include informing the borrower that the borrower is not eligible for loss mitigation options, including loan modifications, as a result of investor requirements, as set forth in sections 1024.41(c) and (d).41(b) Loss mitigation application.


More Definitions of Loss mitigation application

Loss mitigation application means, as set forth in 12 C.F.R.
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Loss mitigation application means, as set forth in 12 C.F.R. § 1024.31, an oral or written request for a Loss Mitigation Option that is
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Related to Loss mitigation application

  • Uniform application means the current version of the national association of insurance commissioners uniform application for resident and nonresident insurance producer licensing.

  • Third Party Applications means online, Web-based applications and offline software products that are provided by third parties and are identified as third-party applications, including but not limited to those listed on the AppExchange and the Reseller Application.

  • Bid Application Form means the form as specified in Annexure II of this E-Auction Process Information Document;