Net SRP definition
Net SRP means the servicing released premium price that the Active Servicer identified via the Licensed Application it is willing to pay to acquire the Servicing associated with a particular Committed Loan, as indicated by Servicing Marketplace.
Examples of Net SRP in a sentence
The purchase price paid to Seller for the Servicing Rights of the Mortgage Loan shall be the Net SRP calculated using the data set forth on the rate sheet for the Mortgage Loan provided by Servicer in SMP.
If, and to the extent applicable or available, for the Mortgage Loan, the escrow deposits, Net SRP and any holdbacks required by Servicer.