Mortgage servicing definition

Mortgage servicing means collecting payment, remitting payment for another or the right to collect or remit payment of any of the following: Principal; interest; tax; insurance; or other payment under a mortgage loan.

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Mortgage servicing means all right, title and interest of Sellers in and to:

Mortgage servicing means collecting or remitting payment for another, or the right to collect or remit payments for another, of any of the following: principal, interest, tax, insurance, or other payment under a mortgage loan.

Examples of Mortgage servicing in a sentence

• The Servicer shall also provide such Mortgage servicing information as required by the Guides.

• Fill out my Wufoo form! Mortgage servicing fraud generally involves the diversion or misuse of principal and interest payments, loan prepayments, andor escrow funds for the benefit of the service provider.

• As of the date of this Agreement, the principal place of business of the Borrower and the chief executive office of the Borrower and the office where it keeps its financial books and records relating to its property and all contracts relating thereto and all accounts arising therefrom are located at its principal office at New York, New York, or its office where Mortgage servicing is conducted at Irving, Texas, or at its office in Jersey City, New Jersey.

• Mortgage servicing rights are periodically evaluated for impairment based on the fair value of those rights.

• Mortgage servicing rights are amortized over the period of estimated net servicing income and are periodically adjusted for actual and anticipated prepayments of the underlying mortgage loans.

• Mortgage servicing assets are recognized as separate assets when rights are acquired through purchase or retained through the sale of financial assets.

• Mortgage servicing rights............................................................

• Mortgage servicing consists of collecting loan payments, remitting principal and interest payments to investors, holding escrow funds for payment of mortgage related expenses such as taxes and insurance, and administering our mortgage loan servicing portfolio.

• Mortgage servicing rights MSR are enough specific arrangement where a village party.

• Mortgage servicing rights are amortized in proportion to and over the period of estimated net servicing income.

More Definitions of Mortgage servicing

Mortgage servicing means collecting or remitting payment for

Mortgage servicing. Rights The fair value is estimated based upon a valuation which stratifies the mortgage servicing portfolio based upon the predominate risk characteristics of the underlying cash flows utilizing current market assumptions regarding discount rates, prepayment speeds, delinquency rates, etc. Other Receivables and Payables The carrying amounts of short-term receivables and payables, including accrued interest approximate their fair values. Deposits SFAS No. 107 stipulates that the fair values of deposits with no stated maturity, such as demand deposits, savings, NOW accounts and money market accounts, are equal to the amount payable on demand. The relative insensitivity of the majority of these deposits to interest rate changes creates a significant inherent value which is not reflected in the fair value reported. The fair value of certificates of deposit are based on discounted contractual cash flows using rates which approximate the rates offered by the Company for deposits of similar remaining maturities. Other Borrowings Fair value estimates are based on discounting contractual cash flows using rates which approximate the rates offered for borrowings of similar remaining maturities. Outstanding Commitments Fair value of commitments outstanding are estimated based on the fees that would be charged for similar agreements, considering the remaining term of the agreement, the rate offered and the creditworthiness of the parties.

Mortgage servicing. Rights: The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.