Common use of Customary Servicing Procedures Clause in Contracts

Customary Servicing Procedures. Procedures (including collection procedures) that the Servicer customarily employs and exercises in servicing and administering mortgage loans for its own account and arranging for the sale and Securitization of mortgage loans and which are in accordance with accepted mortgage servicing practices of prudent lending institutions in the jurisdiction in which the Mortgaged Property is situated for properties of a similar type.

Customary Servicing Procedures. Procedures (including collection procedures) that the Servicer customarily employs and exercises in servicing and administering mortgage loans for its own account and arranging for the sale and Securitization of mortgage loans and which are in accordance with accepted mortgage servicing practices of prudent lending institutions in for comparable mortgage loans and with the jurisdiction in which the Mortgaged Property is situated for properties of a similar typeXxxxxx Mae Guides.

Customary Servicing Procedures. Procedures (including collection procedures) that the Servicer customarily employs and exercises in servicing and administering mortgage loans for its own account and arranging for the sale and Securitization of mortgage loans and which are in accordance with accepted mortgage servicing practices of prudent lending institutions institutions, the Xxxxxx Xxx Guides and, with respect to the Non-Conventional Mortgage Loans, FHA or VA regulations, as applicable. Cut-off Date: The date or dates designated as such in the jurisdiction in which the Mortgaged Property is situated for properties of a similar typerelated Commitment Letter.