Loan-Level Advance definition
Loan-Level Advance. An Advance that arises under a Designated Servicing Agreement that does not provide that the related Advance is reimbursable from general collections and proceeds of the entire related mortgage pool if such Advance is determined to be a Nonrecoverable Advance.
Loan-Level Advance. Any P&I Advance with respect to the Loan-Level REMIC Trusts.
Loan-Level Advance means any P&I Advance with respect to a Loan-Level Securitization Trust.
Examples of Loan-Level Advance in a sentence
A Receivable that is the right to reimbursement for a Loan-Level Advance or the right to payment for a Loan-Level Deferred Servicing Fee.