Mortgage loan servicer definition
Mortgage loan servicer means any person who in the regular course of business assumes responsibility for servicing and accepting payments for a mortgage loan;
Mortgage loan servicer means an entity that administers or at any point administered a mortgage
Mortgage loan servicer means a person or entity that receives or has the right to receive installment payments of principal, interest, or other amounts placed in escrow, pursuant to the terms of a mortgage loan or deed of trust, and performs services relating to that receipt or enforcement as the holder of the note or on behalf of the holder of the note evidencing that loan.
Examples of Mortgage loan servicer in a sentence
The Servicer or any other applicable Mortgage loan servicer shall be reimbursed for such portion of the Realized Loss chargeable to the Spread Account to the extent that such Servicer or other Mortgage loan servicer has previously advanced such funds to the Bank.
More Definitions of Mortgage loan servicer
Mortgage loan servicer or "servicer" means any person who in the regular
Mortgage loan servicer means an entity that holds itself
Mortgage loan servicer means Bloomfield Servicing or any successor Servicer approved by Buyer.
Mortgage loan servicer means the servicer or special servicer of the Mortgage Loan, if any.
Mortgage loan servicer means one who performs traditional mortgage loan servicing tasks such as sending monthly payment statements; collecting monthly payments; maintaining records of payments and balances; collecting and paying taxes and insurance; remitting funds to note holders; or following up on delinquencies provided the follow-up does not include offering or negotiating loan modifications or refinances.
Mortgage loan servicer means an entity that holds itself out as being able to service loans secured by liens or mortgages encumbering real property;
Mortgage loan servicer. , "servicer", or “MLS” means a person registered or required to be registeredpursuant to paragraph (b-1) of subdivision two of Banking Law Section 590 to engage in the business of servicing Mortgage Loans for property located in this state.