Common use of Document type Clause in Contracts

Document type. The shipment must contain a paper version of the electronic transmittal with the documents in the same order as the transmittal. Servicer preference is that all trailing documents allowable by Agency and Governance requirement are delivered in electronic image format versus paper. The electronic image format must meet the Electronic Image Requirements as listed above. Page 13 of 29 Escrow Requirements General Escrow Requirements • The Retiring Servicer will pay all Hazard Insurance, Mortgage Insurance, Flood Insurance and FHA Premiums due 30 days following the Servicing Transfer Date. • Assuming Tax Bills are available for payment, the Retiring Servicer will pay all Real Estate Tax Bills for all loans with an ELD (Economic Loss Date) of 30 days following the Servicing Transfer Date. • The Retiring Servicer will indemnify Nationstar Mortgage, LLC against any tax penalties incurred prior to the Transfer Date or uninsured losses due to the non-payment of premiums or policy cancellation. • The Retiring Servicer will indemnify Nationstar Mortgage, LLC against any HUD penalties incurred within 30 days following the transfer date, or uninsured losses due to the non- payment of mortgage insurance of HUD premiums or policy cancellation. • The Retiring Servicer must credit, prior to the Servicing Transfer Date, any accrued interest due on individual escrow accounts through the Servicing Transfer Date. • The Retiring Servicer will pay all delinquent ▇▇▇ ▇▇▇▇ on REO files prior to the Servicing Transfer Date. • The Retiring Servicer shall cease escrow analysis 30 days prior to transfer. Copies of the last completed escrow analysis should be included in the file. • The Retiring Servicer must provide the escrow shortage spread term and the escrow cushion requirement for each loan. • The Retiring Servicer must identify any modified loans with an extended shortage spread term. • The Retiring Servicer shall identify any loans in a modification trial period. Force-Placed Insurance • Force-Placed Insurance for Hazard and Flood must be cancelled by the Retiring Servicer as of the Servicing Transfer Date. • Refunds of force placed insurance should be forwarded to Nationstar Mortgage for deposit into escrow within 15 days of the loan transfer date. Insurance Agent Notification of Servicing Transfer • 5 days prior to the Servicing Transfer Date, the Retiring Servicer is required to furnish evidence that all applicable insurance companies/agents (Hazard, Flood, Wind, Earthquake, Mine and Mortgage Insurance) were notified of the Servicing Transfer. • The Retiring Servicer will provide Nationstar with copies of all such notices or provide an Officer’s Certification that transfer notices were produced and transmitted. • All notices must list Nationstar Mortgage, LLC as the new Mortgagee with an effective date as the Servicing Transfer Date. Transfer of Life of Loan Contracts • Nationstar’s required Flood Contract vendor is CoreLogic. • 5 days prior to the Servicing Transfer Date, the Retiring Servicer is required to furnish evidence that they have either established or transferred a CoreLogic Flood Contract to Nationstar Mortgage, LLC. • Second liens must be assigned their own Flood Contract.

Document type. The shipment must contain a paper version of the electronic transmittal with the documents in the same order as the transmittal. Servicer preference is that all trailing documents allowable by Agency and Governance requirement are delivered in electronic image format versus paper. The electronic image format must meet the Electronic Image Requirements as listed above. Custodial Files (cont) • If delivery is in paper, the shipment adhering to the prior stated requirements must be shipped to the following in a trackable delivery format. Servicer will not accept certified mail or USPS delivery of documents or files. Collateral Documents (Final Documents/Trailing Collateral-Non Default ) Nationstar Mortgage LLC Attn: Document Administration -Trailing Documents Division ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ All other Trailing Docs send to: Nationstar Mortgage LLC Attn: Document Administration – Trailing Documents Division ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Claims (Documentation) • Corporate Advance screens and inspection histories must be provided in non-editable formats as required by HUD. File Name & Index/Manifest File Example: Page 13 of 29 Escrow Requirements General Escrow Requirements • The Retiring Servicer will pay all Hazard Insurance, Mortgage Insurance, Flood Insurance and FHA Premiums due 30 days following the Servicing Transfer Date. • Assuming Tax Bills are available for payment, the Retiring Servicer will pay all Real Estate Tax Bills for all loans with an ELD (Economic Loss Date) of 30 days following the Servicing Transfer Date. • The Retiring Servicer will indemnify Nationstar Mortgage, LLC against any tax penalties incurred prior to the Transfer Date or uninsured losses due to the non-payment of premiums or policy cancellation. • The Retiring Servicer will indemnify Nationstar Mortgage, LLC against any HUD penalties incurred within 30 days following the transfer date, or uninsured losses due to the non- payment of mortgage insurance of HUD premiums or policy cancellation. • The Retiring Servicer must credit, prior to the Servicing Transfer Date, any accrued interest due on individual escrow accounts through the Servicing Transfer Date. • The Retiring Servicer will pay all delinquent ▇▇▇ ▇▇▇▇ on REO files prior to the Servicing Transfer Date. • The Retiring Servicer shall cease escrow analysis 30 days prior to transfer. Copies of the last completed escrow analysis should be included in the file. • The Retiring Servicer must provide the escrow shortage spread term and the escrow cushion requirement for each loan. • The Retiring Servicer must identify any modified loans with an extended shortage spread term. • The Retiring Servicer shall identify any loans in a modification trial period. Force-Placed Insurance • Force-Placed Insurance for Hazard and Flood must be cancelled by the Retiring Servicer as of the Servicing Transfer Date. • Refunds of force placed insurance should be forwarded to Nationstar Mortgage for deposit into escrow within 15 days of the loan transfer date. Insurance Agent Notification of Servicing Transfer • 5 days prior to the Servicing Transfer Date, the Retiring Servicer is required to furnish evidence that all applicable insurance companies/agents (Hazard, Flood, Wind, Earthquake, Mine and Mortgage Insurance) were notified of the Servicing Transfer. • The Retiring Servicer will provide Nationstar with copies of all such notices or provide an Officer’s Certification that transfer notices were produced and transmitted. • All notices must list Nationstar Mortgage, LLC as the new Mortgagee with an effective date as the Servicing Transfer Date. Transfer of Life of Loan Contracts • Nationstar’s required Flood Contract vendor is CoreLogic. • 5 days prior to the Servicing Transfer Date, the Retiring Servicer is required to furnish evidence that they have either established or transferred a CoreLogic Flood Contract to Nationstar Mortgage, LLC. • Second liens must be assigned their own Flood Contract. Transfer of Tax Service Contracts • Nationstar’s required Tax Contract vendor is CoreLogic. • 15 days prior to the Servicing Transfer Date, the Retiring Servicer is required to furnish evidence that they have either established or transferred a CoreLogic Tax Contract to Nationstar Mortgage, LLC. Pool Insurance / Credit Enhancements • For loans with Pool Insurance or Credit Enhancements, the Retiring Servicer must provide a copy of the Master Pool Mortgage / Credit Enhancement Policy including Policy Number 5 days before the Servicing Transfer Date.