Loan Servicer definition

Loan Servicer means the entity that has the contractual right to receive Borrower’s Periodic Payments and any other payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include a sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer.
Loan Servicer means an entity that has been retained to perform and carry out loan servicing functions with respect to one or more Loans.

Examples of Loan Servicer in a sentence

  • There also may be one or more changes of the Loan Servicer unrelated to a sale of the Note.

  • If there is a change of the Loan Servicer, Borrower will be given Notice of the change.

  • There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note.

  • Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer.

  • If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing.


More Definitions of Loan Servicer

Loan Servicer means, initially, First Union National Bank, the loan servicer for the Loan and the Fund Loan, duly appointed and designated as "Loan Servicer" pursuant to the Loan Servicing and Trust Bonds Security Agreement dated as of November 1, 1998 by and among the Trust, the State, acting by and through the Treasurer of the State on behalf of the New Jersey Department of Environmental Protection, and First Union National Bank, and any successors as "Loan Servicer" under such agreement, as the same may be modified, amended or supplemented from time to time in accordance with its terms.
Loan Servicer has the meaning set forth in the preamble.
Loan Servicer means the entity that from time to time is designated by Funding Lender to collect payments and deposits and receive Notices under the Project Note, the Security Instrument, this Continuing Covenant Agreement and any other Financing Document, and otherwise to service the Project Loan evidenced by the Project Note for the benefit of Funding Lender. Unless Borrower receives Notice to the contrary, the Loan Servicer is the entity identified in the Recitals of this Continuing Covenant Agreement.
Loan Servicer means the entity that from time to time is designated by Lender to collect payments and deposits and receive notices under the Note, this Instrument and any Xxxxxx Xxx Multifamily Security Instrument - Form 4033 other Loan Document, and otherwise to service the loan evidenced by the Note for the benefit of Lender. Unless Borrower receives notice to the contrary, the Loan Servicer is the entity identified as “Lender” in the first paragraph of this Instrument.
Loan Servicer means the Loan Servicer for the Loans, duly appointed and designated as such pursuant to the Loan Servicing Agreement, dated as of the dated date of the Authority Bonds, between the Authority and the Loan Servicer, and its successors as Loan Servicer under the Loan Servicing Agreement.
Loan Servicer shall have the meaning assigned to it in Section 12.12 hereof.