Current Servicer definition

Current Servicer to read as follows:

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Current Servicer means Owner or any other servicer, sub-servicer, document custodian, owner, holder, originator or other Person who, as of the date of this Agreement, has possession of any document or information constituting a part of the Servicing File and who was servicing the Loans and REO Properties prior to the Transfer Date.

Current Servicer in Article I shall be deleted in its entirety.

Examples of Current Servicer in a sentence

• Seller shall, or shall cause the Current Servicer to, in accordance with the Interim Servicing Agreement, credit to the account of Mortgagors all interest required by statute or the terms of the Mortgage or other Mortgage Loan documents to be paid on any Related Escrow Account through the Transfer Date.

• All real estate taxes, special government assessments, ground rents and flood, hazard, MI insurance premiums with respect to all Mortgage Loans have been paid prior to delinquency by Seller, the Current Servicer or Prior Servicers or, if not escrowed, by Mortgagors.

• During the Interim Period, Servicer shall provide to CMI all investor reports provided by the Current Servicer to Servicer.

• CMI acknowledges and agrees that the obligations of Servicer hereunder may be performed on Servicer's behalf by the Current Servicer as a subservicer of the Mortgage Loans; provided, that Servicer shall remain liable for the performance of such obligations by the Current Servicer.

• Seller or the Current Servicer has complied in all material respects with all local, state and federal laws and regulations pertaining to tax reporting.

• Current Servicer is an approved ▇▇▇▇▇▇ Mae and ▇▇▇▇▇▇▇ Mac Seller/Servicer in good standing with the requisite financial criteria and adequate resources to complete the transactions contemplated hereby on the conditions stated herein.

• The Current Servicer is a member in good standing of the MERS system.

• Seller or the Current Servicer has credited to the account of each Mortgagor all interest required to be paid and all such interest accrued which is due but not yet payable to a Mortgagor on any Related Escrow Account through the Transfer Date.

• All payoff and assumption statements with respect to each Mortgage Loan provided by the Current Servicer to Mortgagors or their agents were complete and accurate.

• Seller, or the Current Servicer, has, in all material respects, performed all obligations to be performed under terms of the Mortgage Loan and any MI requirements and no event has occurred and is continuing which, but for the passage of time or the giving of notice or both, would constitute an event of default on the part of Seller or the Current Servicer thereunder.

More Definitions of Current Servicer

Current Servicer. Any other servicer, sub-servicer, document custodian, owner, holder, originator, or other Person who, as of the date of this Agreement or any related Servicing Agreement, has possession of any document or information constituting a part of the Servicer Mortgage Loan File.

Current Servicer. Platinum Auto Finance

Current Servicer means an Owner or any other servicer, subservicer, document custodian, owner, holder, originator or other Person who has possession of any document or information constituting a part of a Servicing File prior to the Transfer Date.

Current Servicer. Cut-Off Date": "Damages": Platinum Auto Finance

Current Servicer. New Servicer: [Name of present servicer] [Name of new servicer] [Individual or Department] [Individual or Department] [Telephone Number] [Telephone Number] [Address] [Address] [Use this paragraph if appropriate; otherwise omit.] Important note about insurance: If you have mortgage life or disability insurance or any other type of optional insurance, the transfer of servicing rights may affect your insurance in the following way: You should do the following to maintain coverage: Under Federal law, during the 60-day period following the effective date of the transfer of the loan servicing, a loan payment received by your old servicer on or before its due date may not be treated by the new servicer as late, and a late fee may not be imposed on you. [NAME OF PRESENT SERVICER] Date [and] [or] G-3 [NAME OF NEW SERVICER] Date G-4