Servicing of Loans definition

Servicing of Loans and "The Agreements", as modified by the statements" and in the Prospectus Supplement under the captions "Description of the Notes" and "Administration," to the extent such statements purport to summarize certain provisions of the Notes or of the Agreements, are fair and accurate in all material respects.
Sample 1

Examples of Servicing of Loans in a sentence

  • Transfer of Servicing of Loans Pending for Permanent Loan Modification.

  • Servicer shall maintain a copy of all records and reports which related to the Servicing of Loans generally for seven (7) years after any deconversion.

  • Performance of Obligations; Servicing of Loans -20- Section 3.09.

  • The Servicer agrees, in consideration of certain fees, to perform the Services set forth in this Agreement, including the Services set forth on each Schedule and Exhibit hereto, and any additional Services which Lender requests and the Servicer agrees to provide with respect to the Servicing of Loans in accordance with the Servicing Guidelines, for which account information and/or documentation shall be delivered to the Servicer.

  • Servicer shall promptly review Credit Agreement forms that are proposed by Program Administrator and, after mutual resolution of any comments thereon that affect the Servicing of Loans in connection with such forms, accept such forms for purposes of product set-up and conversion.

  • Section 3.01 Payment of Principal and Interest 16 Section 3.02 Maintenance of Office or Agency 16 Section 3.03 Money for Note Payments to Be Held in Trust 16 Section 3.04 Existence 17 Section 3.05 Protection of Trust 17 Section 3.06 Opinions as to Trust Estate 18 Section 3.07 Performance of Obligations; Servicing of Loans 18 Section 3.08 Negative Covenants 19 Section 3.09 Statements as to Compliance 20 Section 3.10 Issuer’s Name, Location, etc.

  • Due After December 31, 2017Fixed Adjustable Total (in thousands)Real estate loans: One-to-four family$ 1,234,389$ 417,313$ 1,651,702Commercial real estate, multi-family and land944,335488,3331,432,668Residential construction3,4894283,917Consumer137,872148,991286,863Commercial and industrial62,06641,011103,077Total loans receivable$ 2,382,151$ 1,096,076$ 3,478,227 Origination, Sale and Servicing of Loans.

  • Performance of Obligations; Servicing of Loans.............................

  • PEC shall bill XXX monthly for Servicing of Loans performed hereunder.

  • Section 3.01 Payment of Principal and Interest 14 Section 3.02 Maintenance of Office or Agency 15 Section 3.03 Money for Note Payments to Be Held in Trust 15 Section 3.04 Existence 15 Section 3.05 Protection of Trust 16 Section 3.06 Opinions as to Trust Estate 16 Section 3.07 Performance of Obligations; Servicing of Loans 17 Section 3.08 Negative Covenants 17 Section 3.09 Statements as to Compliance 18 Section 3.10 Issuer’s Name, Location, etc.

Related to Servicing of Loans

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Note A-4 Master Servicer means the master servicer under the Note A-4 PSA.

  • Servicing Bank means the Agent or the Security Trustee;

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Servicing Agent means, with respect to an eNote, the field entitled, “Servicing Agent” in the MERS eRegistry.

  • Servicing Rate means 1.00% per annum.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Primary Servicing Office The office of the Master Servicer or the Special Servicer, as the context may require, that is primarily responsible for such party’s servicing obligations hereunder.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Master Servicing Fee Rate With respect to each Mortgage Loan, ____% per annum.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.