Mortgage servicer definition

Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

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Mortgage servicer means a person that, directly or indirectly, services or offers to service mortgage loans.

Mortgage servicer means a person who directly or indirectly services or offers to service residential mortgage loans.

Examples of Mortgage servicer in a sentence

• The Mortgage servicer will be responsible for complying with the provisions of the EA Lender Guide relating to interest rate reduction, including evaluating the mortgagor’s payment history on the second, third and/or fourth anniversary date of the scheduled due date of the first full installment payment due under the Note (“Anniversary Date”) to determine if the mortgagor has met the eligibility criteria for the interest rate reduction.

• The Mortgage servicer will be responsible for complying with the provisions of the EA Lender Guide relating to interest rate reduction, including evaluating the mortgagor's payment history on the second, third and/or fourth anniversary date of the scheduled due date of the first full installment payment due under the Note ("Anniversary Date") to determine if the mortgagor has met the eligibility criteria for the interest rate reduction.

More Definitions of Mortgage servicer

Mortgage servicer means an entity that:

Mortgage servicer means the last person to whom a mortgagor or the mortgagor's successor in interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage.

Mortgage servicer or “lienholder” also means a subservicing agent to a master servicer by contract.

Mortgage servicer means the last person to whom a

Mortgage servicer means Centurion Mortgage Services Corporation, a corporation governed by the laws of the Province of Ontario that is engaged for the purposes of servicing mortgage investments of Centurion Apartment REIT that are not serviced by another licensed mortgage administrator.

Mortgage servicer means the last person to whom a mortgagor or the mortgagor's successor in interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage. A person transmitting a payoff statement is the mortgage servicer for the mortgage described in the payoff statement.

Mortgage servicer means a person engaged in the mortgage business who directly or indirectly engages in the mortgage business as defined in sub-subdivision c. of subdivision (11) of this section.