Mortgage Registry System definition

Mortgage Registry System. A system of recording beneficial ownership, identity of servicer, and transfers of mortgages electronically that is acceptable to the Master Servicer, which may include the system operated by Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor.
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Examples of Mortgage Registry System in a sentence

  • Upon the payment in full of any Mortgage Loan, the Direct Servicer will be responsible for processing the reconveyance, satisfaction or release appropriate in the applicable jurisdiction or on the applicable Mortgage Registry System and any related documentation in accordance with Accepted Servicing Practices, including releasing the lien within the time and as required by applicable law.

  • Upon the payment in full of any Mortgage Loan, the Direct Servicer will be responsible for processing the reconveyance, satisfaction or release appropriate in the applicable jurisdiction or on the applicable Mortgage Registry System and any related documentation in accordance with Section 5.5, including releasing the lien within the time and as required by applicable law.

  • Each Servicing Contract will authorize the Direct Servicer to execute and deliver, on behalf of the Trustee, any and all (i) instruments of assignment and other comparable instruments with respect to the assignment or re-recording of a Mortgage in the name of a Mortgage Registry System and (ii) instruments of satisfaction or cancellation or of partial or full release, in each case solely as nominee for the Trustee and its successors and assigns.

  • Upon the payment in full of any Mortgage Loan, or in the case of a partial release of collateral permitted under the terms of any Mortgage Loan, the Primary Servicer will be responsible for processing the reconveyance, satisfaction or release appropriate in the applicable jurisdiction or on the applicable Mortgage Registry System and any related documentation in accordance with Section 5.5, including releasing the lien within the time and as required by applicable law.

Related to Mortgage Registry System

  • Central KYC Records Registry (CKYCR) means an entity defined under Rule 2(1) of the Rules, to receive, store, safeguard and retrieve the KYC records in digital form of a customer.

  • Master Account Approval List means the list of Attendee reservations and Dates which the Judicial Council has authorized the Contractor to xxxx associated sleeping room charges and tax against the Judicial Council’s Master Account.

  • Cabinet x-ray system means an x-ray system with the x-ray tube installed in an enclosure independent of existing architectural structures except the floor on which it may be placed. The cabinet x-ray system is intended to contain at least that portion of a material being irradiated, provide radiation attenuation, and exclude personnel from its interior during generation of radiation. Included are all x-ray systems designed primarily for the inspection of carry-on baggage at airline, railroad, and bus terminals, and in similar facilities. An x-ray tube used within a shielded part of a building, or x-ray equipment that may temporarily or occasionally incorporate portable shielding, is not considered a cabinet x-ray system.

  • Government Mortgage Loan means a closed-end First Mortgage Loan that is either HUD/FHA insured (other than a HUD 203(K) Mortgage Loan or a Title I Mortgage Loan) or VA guaranteed.