Servicing Experience. The Servicer shall satisfactorily demonstrate to the Master Servicer, in the Master Servicer's reasonable discretion, the following experience: (a) that it has at least three (3) years of conventional mortgage loan servicing experience; (b) that it has a staff knowledgeable in servicing of Mortgage Loans and the administration of REO; and (c) that it has experience maintaining a servicing portfolio in excess of $1 billion.
Appears in 75 contracts
Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-3 Trust), Servicing Agreement (Wells Fargo Asset Securities Corp)
Servicing Experience. The Servicer shall satisfactorily demonstrate to the Master Servicer, in the Master Servicer's ’s reasonable discretion, the following experience:
(a) that it has at least three (3) years of conventional mortgage loan servicing experience;
(b) that it has a staff knowledgeable in servicing of Mortgage Loans and the administration of REO; and
(c) that it has experience maintaining a servicing portfolio in excess of $1 billion.
Appears in 1 contract
Sources: Servicing Agreement (Wells Fargo Asset Securities Corp)