Common use of Servicing Responsibilities Clause in Contracts

Servicing Responsibilities. (a) Seller shall administer, manage, collect and enforce each Participated Mortgage Loan for and on behalf of and for the benefit of Bank and Seller in accordance with Accepted Servicing Practices (collectively, the “Mortgage Loan Services”). With respect to each Participated Mortgage Loan, Seller shall promptly take any and all actions, and exercise any and all available remedies, under the related Mortgage Loan Documents or otherwise which are necessary or advisable to perform the Mortgage Loan Services pursuant to this Agreement.

Appears in 4 contracts

Samples: Mortgage Warehouse Agreement (Home Point Capital Inc.), Mortgage Warehouse Agreement (Caliber Home Loans, Inc.), Mortgage Warehouse Agreement (Redfin CORP)

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Servicing Responsibilities. (a) Seller shall administer, manage, collect and enforce each Participated Mortgage Loan for and on behalf of and for the benefit of Bank and Seller in accordance with Accepted Servicing Practices (collectively, the "Mortgage Loan Services"). With respect to each Participated Mortgage Loan, Seller shall promptly take any and all actions, and exercise any and all available remedies, under the related Mortgage Loan Documents or otherwise which are necessary or advisable to perform the Mortgage Loan Services pursuant to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Home Point Capital Inc.)

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Servicing Responsibilities. (a) Seller shall administer, manage, collect and enforce each Participated Mortgage Loan for and on behalf of and for the benefit of Bank and Seller in accordance in all material respects with Accepted Servicing Practices (collectively, the “Mortgage Loan Services”). With respect to each Participated Mortgage Loan, Seller shall promptly take any and all actions, and exercise any and all available remedies, under the related Mortgage Loan Documents or otherwise which are necessary or advisable to perform the Mortgage Loan Services pursuant to this Agreement.

Appears in 1 contract

Samples: Mortgage Warehouse Agreement (loanDepot, Inc.)

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