Examples of Prior Servicer in a sentence

HUD shall request that the Prior Servicer coordinate and cooperate with Purchaser and the New Servicer to affect an orderly and timely transfer of the servicing for each Mortgage Loan onto the New Servicer’s servicing system.
In some instances, the Prior Servicer may have completed a loss mitigation action that resulted in a partial payment of claim under the FHA contract of insurance for a Mortgage Loan.
Exhibit F to this Agreement provides the Interim Servicing Agreement between the Purchaser and the Prior Servicer for the Post Claim Servicing Period.
Within twenty (20) Business Days after receipt from a Prior Servicer of an invoice for interim servicing fees due to and advances made by such Prior Servicer from the Claim Date through the Servicing Transfer Date (the ―Interim Servicing Fees and Expenses‖), Purchaser shall pay or cause the New Servicer to pay such Interim Servicing Fees and Expenses in full in accordance with Article II of the Interim Servicing Agreement, attached as Exhibit F of this Agreement.
On the related Servicing Transfer Date, in accordance with the terms of the Interim Servicing Agreement, attached as Exhibit F of this Agreement, the Prior Servicer shall transfer to the New Servicer the servicing for the Mortgage Loans.

More Definitions of Prior Servicer

Prior Servicer means any party that was a servicer or subservicer of any Residential Mortgage Loan before the Company or any Subsidiary or the current Servicer, as applicable, became the servicer or subservicer of the Residential Mortgage Loan.

Prior Servicer means all servicers and subservicers, collectively and individually, other than the Servicer, which, at any time prior to the applicable Effective Date, pooled, sold, serviced or subserviced any of the Mortgage Loans.

Prior Servicer shall have the meaning given in Section 12.1(b)(xiii).

Prior Servicer means any Servicer that serviced or subserviced a Mortgage Loan prior to the Seller's commencement of Servicing.

Prior Servicer. Any prior servicer (other than the Servicer) of any or all of the Mortgage Loans, or Ocwen Federal Bank FSB in its capacity as servicer of such loans prior to the Cut-Off Date.

Prior Servicer means any Person that was a servicer or subservicer of any Mortgage Loan before Owner became the servicer of the Mortgage Loan.

Prior Servicer. With respect to a Mortgage Loan, any Person that was a Servicer of such Mortgage Loan, or that administered any Mortgage Loan related service or program, before the Servicing Transfer Date.