Servicer Affiliate definition

Servicer Affiliate. A Person (i) controlling, controlled by or under common control with the Servicer or which is 50% or more owned by the Servicer and (ii) which is qualified to service residential mortgage loans.
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Servicer Affiliate. An Affiliate of the Servicer that is qualified to service residential home equity loans.
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Examples of Servicer Affiliate in a sentence

  • Any Sub-Servicer which is not a Master Servicer Affiliate also shall deliver an annual statement as to compliance in the form described above or the Master Servicer shall cover their performance in their statement.

  • The Master Servicer shall also furnish to the Certificate Insurer and the Trustee a copy of the Sub-Servicing Agreement, except when the Sub-Servicer is a Master Servicer Affiliate.

  • Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee with respect to such series.

  • Any Sub-Servicer which is not a Servicer Affiliate shall also deliver an annual statement as to compliance in the form described above or the Servicer shall cover such Sub-Servicer's performance in its own statement.

  • The Pooling and Servicing Agreement additionally provides that (i) the Master Servicer or any Master Servicer Affiliate may at its option, purchase from the Trust all (but not fewer than all) Mortgage Loans and other property then constituting the Trust, and thereby effect early retirement of the Certificates, on any Payment Date when the aggregate outstanding Loan The Trustee shall give written notice of termination of the Pooling and Servicing Agreement to each Owner in the manner set forth therein.

  • Any Sub-Servicer that is not a Servicer Affiliate shall also deliver an annual statement as to compliance in the form described above or the Servicer shall cover such Sub-Servicer's performance in its own statement.

  • The Master Servicer shall be deemed to have complied with this provision if a Master Servicer Affiliate has such errors and omissions policy and fidelity bond coverage and, by the terms of such insurance policy and fidelity bond, the coverage afforded thereunder extends to the Master Servicer.

  • Any Subservicer which is not a Servicer Affiliate shall also deliver an annual statement as to compliance in the form described above or the Servicer shall cover their performance in their statement.

  • The Master Servicer shall give notice to the Note Insurer and the Indenture Trustee of the appointment of any Sub-Servicer that is not a Master Servicer Affiliate.

  • The Master Servicer shall also furnish to the Note Insurer and the Indenture Trustee a copy of the Sub-Servicing Agreement, except when the Sub-Servicer is a Master Servicer Affiliate.

Related to Servicer Affiliate

  • Permitted Special Servicer/Affiliate Fees Any commercially reasonable treasury management fees, banking fees, title insurance and/or other insurance commissions and fees, title agency fees, and appraisal review fees received or retained by the Special Servicer or any of its Affiliates in connection with any services performed by such party with respect to any Serviced Loan or REO Property, in each case, in accordance with Article III of this Agreement.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Seller Affiliate means any Affiliate of Seller.