Subserviced Loan definition

Subserviced Loan means any mortgage loan subject to the Subservicing Agreement or the Securitized Loan Primary Servicing Agreement.
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Examples of Subserviced Loan in a sentence

  • Each contract shall provide for a base servicing fee of $1,015.00 per year for each Delinquent Subserviced Loan (including Delinquent Subserviced Loans subserviced by SPS as of the Agreement Date), and $250.00 for any Current Subserviced Loan (the “Base Servicing Fee”), including any Current Subserviced Loans subserviced by SPS as of the Agreement Date.

  • Each Approved Subservicer shall, once a month within five (5) business days of the last business day of the prior month, send to the applicable Trustee for a particular Trust and to JPMorgan statistics comparing its performance for each Subserviced Loan to the relevant timeline applicable to that Subserviced Loan (the “Monthly Statement”).

  • Each Approved Subservicer shall, once a month within five (5) business days of the last business day of the prior month, send to the Trustee and to JPMorgan statistics comparing its performance for each Subserviced Loan to the relevant timeline applicable to that Subserviced Loan (the “Monthly Statement”).