Serviced Loan definition

Serviced Loan. A Serviced Mortgage Loan or Serviced Companion Loan.

Serviced Loan means a residential mortgage loan (i) that is evidenced by a Mortgage Note and secured by a Mortgage, (ii) with respect to which a Selling Company owns the Servicing as of the Closing Date and (iii) which is included in the Retained Servicing Portfolio.

Serviced Loan means any Loan (including a Specially Serviced Loan, but excluding an REO Loan) that is, as contemplated by Section 3.01, to be serviced and administered by the Master Servicer and/or the Special Servicer hereunder, which includes the Mortgage Loans (other than the Non-Serviced Trust Loans) and the Companion Loans (other than the Non-Serviced Companion Loans).

Examples of Serviced Loan in a sentence

• The purchase of a Serviced Loan will be confirmed with the Transaction Confirmation and Loan Funding Activity Report delivered to the Selling PFI on the Funding Date.

• This will result in a new Transaction Confirmation and Loan Funding Activity Report for the Serviced Loan.

• If the Serviced Loan is not a MOM loan, a recorded assignment with an assigned Mortgage Identification Number (MIN) naming MERS as the nominee will be required.

• The MPF Provider may be required to reverse the funding of the Serviced Loan that has been sold in order to correct the loan data.

• The Selling PFI will sell the Serviced Loan and transfer the servicing in accordance to the terms of the Participating Financial Institution Agreement ("PFI Agreement") and this manual (“Manual”).

More Definitions of Serviced Loan

Serviced Loan means any Mortgage Loan, chattel loan or other loan for which the Corporation or any of its Subsidiaries is acting as a servicer under a Servicing Agreement.

Serviced Loan means any Mortgage Loan with respect to which the Company Group owns the applicable servicing rights pursuant to a Servicing Agreement.

Serviced Loan means any of the Student Loans identified in Section 2.01 hereof, except for those Student Loans with respect to which this Agreement has been terminated as provided in Section 5.03; provided, however, that a Defaulted Loan shall not be a “Serviced Loan” for purposes of Schedule A.

Serviced Loan means any Transferred Participated Loan with respect to which Seller acts as servicer for the benefit of a Participant under any Participation Agreement.

Serviced Loan. With respect to the Servicer, any WMB Loan; and with respect to GreenPoint, any GreenPoint Loan. Servicer: Washington Mutual Bank, or any successor thereto appointed as provided pursuant to Section 7.02.

Serviced Loan means any mortgage loan with respect to which First Chester or any First Chester Subsidiary owns or provides Servicing.

Serviced Loan means any "Home Equity Loan," "Mortgage Loan," "Loan,"