Right Party Contact definition

Right Party Contact. Means a person-to-person contact with an obligor (a signer of the Mortgage Note), or, where applicable, the obligor's legal guardian or attorney-in-fact with respect to the loan, or other third party as appointed by the mortgagor.
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Right Party Contact has the meaning provided in Section 2.3(a).
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Right Party Contact means contact with an obligor (a signer of the Mortgage Note), or, where applicable, the obligor's legal guardian or attorney-in-fact with respect to the loan. correspondence for reasons including, but not limited to: bankruptcies, interim payments in the first 30 days after transfer and loans for which the historical average payment date is before the 18th day of delinquency.
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Examples of Right Party Contact in a sentence

  • At least two attempts every other Business Day at 25% Right Party Contact Rate.A further explanation of the Servicer’s Calling Program is as follows:Welcome Calls.

  • Four Steps to an Effective Collection Call Step One Greeting Step Two Facts Step Three Negotiations Step Four Power Close Step One – Greeting • Confirm that it is our customer • Develop Right Party Contact (RPC) if the contact is not our customer • Identify yourself and the company (i.e. This is with First Investors Financial Services….) • Clearly state the purpose of the call • PAUSE Special note: Maintain a professional tone and always maintain control of conversation.

  • At least one attempt every other Business Day at a 25% Right Party Contact Rate.

  • Subservicer shall maintain a list of Borrowers with whom the Subservicer was unable to make Right Party Contact and provide Xxxxxx Mae a detailed report of Right Party Contacts via email to hsa_mailbox®xxxxxxxxx.xxx once each quarter within ten (10) business days of the month following the Transfer Date.

  • The Settlement Loan Modification Program Solicitation Requirements shall meet at least the following requirements: i.If no Right Party Contact, as defined in Chapter II of the MHA Handbook, is established with the borrower since delinquency, BOA/CFC shall make a minimum of four telephone calls over a period of at least thirty days, at different times of the day.

  • Right Party Contacts (After the 15th day of delinquency 18.75% but not in foreclosure) The Servicer will achieve an average daily Right Party Contact Rate for the month against all accounts past the first 15 days of delinquency but prior to foreclosure.

  • If no Right Party Contact is established with the borrower since delinquency, BOA/CFC shall send two proactive solicitations with a thirty-day response period, one via certified mail and the other via regular mail.

  • Right Party Contacts (First 15 days of delinquency) 22.5% The Servicer will achieve an average daily Right Party Contact Rate for the month against all accounts in their first 15 days of delinquency.

  • For every contractually delinquent loan, Subservicer will make outbound call attempts in a manner designed below to maximize making Right Party Contact and send out a minimum of one collection statement per month in which a loan remains past due in an effort to collect the full amount (including principal, interest and other charges owed by Borrower under the HSA Loan).

  • If Right Party Contact is established over the phone and the borrower expresses interest in the Settlement Loan Modification Program, BOA/CFC shall send one reactive package with a fifteen-day response period.

Related to Right Party Contact

  • Direct contact means the contact of persons with high voltage live parts.

  • Material Contact means contact in person, by telephone, or by paper or electronic correspondence in furtherance of the Business of the Company.

  • Customer Contact means the individual(s), whether a contract manager, category consultant or otherwise, who are to act for the Customer as the day to day point of contact for communications from the Contractor to the Customer in relation to the Contract, being the individual(s) identified in Section 2 of the Contract Schedule or otherwise notified to the Contractor from time to time;

  • Technical Contact shall have the meaning assigned to it in Section 4.2.

  • Designated Contact means, the designated contact for the Bank in the Jurisdiction, as set out in Annex I of Part A of these EB Services Terms and Conditions (as may be amended from time to time);

  • Authorized Contact is a representative authorized by Customer to request service changes using procedure outlined herein.

  • Contact Person means the Contractor's management level personnel who will work as liaison between the City and the Contractor and be available to respond to any problems that may arise in connection with Contractor's performance under the Contract.

  • Primary Contact means the individual a Proponent (that has submitted a Proposal), designates to represent the Proponent during the competitive process associated with this RFP. There can be only one (1) Primary Contact.

  • Code of Ethics Contact Person means the Chief Compliance Officer or such person or persons as may be from time to time designated.

  • Relationship Manager means the individual who is appointed by us from time to time and notified to you in writing as your relationship manager in relation to the relevant services provided to you under these Terms and/or provided by our Associate;

  • Network Provider means a provider of health care, or a group of providers of health care, which has entered into a written agreement with the issuer to provide benefits insured under a Medicare Select policy.

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • Business Contact Information means the names, mailing addresses, email addresses, and phone numbers of a party’s personnel, officers and directors and, with respect to Client, such information regarding Client’s vendors and customers that Accenture may have access to in maintaining the parties’ business relationship.

  • Contact Persons means persons identified by the Parties as persons who are responsible for the execution of the Agreement and whose names are set out in clause 35 below and who can be substituted in writing from time to time;

  • Out-of-network provider means any provider that is not directly or indirectly employed by or does not have a provider agreement with the contractor or any of its subcontractors pursuant to the contract between the department and the contractor.

  • Non-Network Provider means any hospital, day care centre or other provider that is not part of the network.

  • Hub Provider means an entity that (i) provides Common Channel Signaling (SS7) connectivity between the networks of service providers that are not directly connected to each other; or (ii) provides third party database services such as LIDB. The SS7 messages received by Hub Providers are accepted or rejected by the Hub Provider depending on whether a contractual arrangement exists between the Hub Provider and the message originator (sender) and whether the message originator has contracted for the type of SS7 messages being submitted for transmission to the Hub Provider.

  • New Provider means any replacement service provider or providers engaged to provide the Services (or part thereof) or substantially similar services or the Authority itself where the Services or substantially similar services or part thereof continue to be provided by the Authority after partial termination, termination or expiry of this Contract;

  • Customer Representative means the representative appointed by the Customer from time to time in relation to the Contract;

  • Coordinator means the person designated by Canada to act as the Dispute Resolution Coordinator.