Examples of Servicing Guidelines in a sentence
The Servicer, either itself or through an agent selected by the Servicer, shall manage, conserve, protect and operate the REO Property in the same manner that it manages, conserves, protects and operates other foreclosed property for its own account, in the same locality as the REO Property is located and consistent with the Owner Servicing Guidelines.
In the event, the Owner chooses to have the Servicer service Distressed Mortgage Loans, the Owner Servicing Guidelines shall be mutually agreed upon between the Servicer and the Owner pursuant to a side agreement.
The Servicer must deliver a copy of any proposed material amendment to the Servicing Guidelines to the Trustee, the Manager and the Rating Agencies.
Compliance with the aforementioned sections of the Agreement relating to the Financed Private Loans is limited to the following requirements contained in the 2000 Servicing Guidelines for TERI, effective December 1, 2000.
With the exception of FHA and VA mortgages which will be serviced completely by the Servicer, all other loans will be identified as either performing or non-performing acquisitions and will be serviced in accordance with the terms of the Servicing Agreement (the “Agreement”) and the Bayview Servicing Guidelines (the “Guide”).