Escrow Advance means any advance made to pay taxes or insurance premiums or any other cost or expense that, but for a shortfall in the Borrower’s Escrow Account, is payable using funds in the Borrower’s Escrow Account.
Escrow Advance. An advance made by the Servicer (including any predecessor servicer) with respect to a Mortgage Loan pursuant to the Servicer’s obligation to do so under a Designated Servicing Agreement, of real estate taxes and assessments, or of hazard, flood or primary mortgage insurance premiums, required to be paid (but not otherwise paid) by the related Obligor under the terms of the related Mortgage Loan.
Escrow Advance. Balance Total outstanding escrow advance balance.
Examples of Escrow Advance in a sentence
Corporate Advances Recovered at Termination The amount of the Total Corporate Advance balance recovered at termination Escrow Advances Recovered at Termination The amount of the Total Escrow Advance balance recovered at termination Commission The broker commission amount on liquidation Seller Concession The dollar amt of seller concessions upon liquidation.
Advance: Any P&I Advance (including Servicing Fee Advances), Escrow Advance or Corporate Advance.
Advance: Any Delinquency Advance, Escrow Advance or Corporate Advance.
Number Corporate Advances Recovered at Termination The amount of the Total Corporate Advance balance recovered at termination Number Escrow Advances Recovered at Termination The amount of the Total Escrow Advance balance recovered at termination Number Commission The broker commission amount on liquidation Number Seller Concession The dollar amt of seller concessions upon liquidation.
Servicer may also receive Periodic Early Reimbursement Amounts at month end by submitting to Xxxxxx Mae a Report applicable T&I Escrow Advance and Corporate Servicing Advances six business days prior to month end.
More Definitions of Escrow Advance
Escrow Advance means any “Escrow Advances” (as defined in the applicable Subject Servicing Agreement or any other similar term therein) or, to the extent not so defined therein, advances in respect of real estate taxes and assessments or of hazard, flood or primary mortgage insurance premiums, required to be paid (but not otherwise paid) by or on behalf of the related Mortgagor under the terms of the related Mortgage Loan for which Servicer has a right of reimbursement under the applicable Subject Servicing Agreement.
Escrow Advance means any advance disbursed by or on behalf of the Company with respect to any Mortgage Pool as required by the Xxxxxx Mae Contract in order to pay tax obligations or insurance premiums due under any Mortgage Loan included in the related Mortgage Pool when the funds on deposit in any escrow custodial account or any other account containing escrow funds related to the applicable Mortgage Pool are insufficient to make the required payment, excluding any advance disbursed by an Interim Servicer related to Acquired MSRs until such time as Servicer completes reconciliation of such advances with the Interim Servicer and pays the Interim Servicer for such advances.
Escrow Advance. Interest on Advances: Escrow Balance: Other Advances: Suspense Balance: Servicing Advance Holdbacks: Restricted Escrow: Property Inspection: Rental Income Received: BPO: __________________ *All amounts ill be itemized, and to the extent not itemized, this form will be accompanied by documentation supporting all amounts claimed on this form. Q-1
Escrow Advance. An advance made by the Servicer (including any predecessor servicer) with respect to a Mortgage Loan in a Designated Pool pursuant to the Servicer’s obligation to do so in accordance with a Designated Servicing Contract and the Xxxxxxx Mac Guide and/or the Xxxxxxx Mac Purchase Documents or the Xxxxxx Xxx Guide, (as applicable), of real estate taxes and assessments, or of hazard, flood or primary mortgage insurance premiums, required to be paid (but not otherwise paid) by the related Obligor under the terms of the related Mortgage Loan.
Escrow Advance. Any advance disbursed by or on behalf of the Servicer with respect to any Mortgage Pool as required by the Xxxxxx Xxx Contract in order to pay tax obligations or insurance premiums due under any Mortgage Loan included in the related Mortgage Pool when the funds on deposit in any escrow custodial account or any other account containing escrow funds related to the applicable Mortgage Pool are insufficient to make the required payment, excluding any advance disbursed by an Interim Servicer related to Acquired MSRs until such time as Servicer completes reconciliation of such advances with the Interim Servicer and pays the Interim Servicer for such advances. Euroclear: Euroclear Bank S.A./N.V. as operator of the Euroclear System, and any successor thereto.
Escrow Advance. An advance made by the Servicer (including any predecessor servicer) with respect to a Mortgage Loan in a Pool pursuant to the Servicer’s obligation to do so under the related Designated Servicing Agreement and the Xxxxxxx Mac Guide or the Xxxxxx Xxx Guide, of real estate taxes and assessments, or of hazard, flood or primary mortgage insurance premiums, required to be paid (but not otherwise paid) by the related Obligor under the terms of the related Mortgage Loan.
Escrow Advance means customary and necessary “out of pocket” costs and expenses (including attorneys’ fees and disbursements) incurred by Borrower under the Approved Servicing Agreement related to a Mortgage Loan for (1) the payment of taxes, assessments, water rates, sewer rents and other charges that are or may become a lien upon the related Mortgaged Property, or (2) the payment of premiums for fire, hazard and (to the extent required by law) flood insurance.