Servicing Rights

Example Definitions of "Servicing Rights"
Servicing Rights. With respect to a Mortgage Loan, the right and obligation (and, with respect to any Agency Mortgage Loan, the indivisible, conditional and non-delegable right and obligation) to do any and all of the following: (a) service and administer such Mortgage Loan; (b) collect any payments or monies payable or received for servicing such Mortgage Loan; (c) collect any late fees, assumption fees, penalties or similar payments with respect to such Mortgage Loan; (d) enforce the provisions of all... agreements or documents creating, defining or evidencing any such servicing rights and all rights of the servicer thereunder, including, but not limited to, any clean-up calls and termination options; (e) collect and apply any escrow payments or other similar payments with respect to such Mortgage Loan; (f) control and maintain all accounts and other rights to payments related to any of the property described in the other clauses of this definition; (g) possess and use any and all documents, files, records, servicing files, servicing documents, servicing records, data tapes, computer records, or other information pertaining to such Mortgage Loan or pertaining to the past, present or prospective servicing of such Mortgage Loan; and (h) enforce any and all rights, powers and privileges incident to any of the foregoing, all in accordance with Accepted Servicing Practices. View More
Servicing Rights. With respect to a each Mortgage Loan, the right and obligation (and, with respect to any Agency Mortgage Loan, the indivisible, conditional and non-delegable right and obligation) to do any and all of the following: (a) service and administer such the Mortgage Loan; Loans; (b) collect any payments or monies payable or received for servicing such the Mortgage Loan; Loans; (c) collect any late fees, assumption fees, penalties or similar payments with respect to such the Mortgage Loan; Loans; (d)... enforce the provisions of all agreements or documents creating, defining or evidencing any such servicing rights Servicing Rights and all rights of the servicer Correspondent thereunder, including, but not limited to, any clean-up calls and termination options; (e) collect and apply any escrow payments Escrow Payments or other similar payments with respect to such the Mortgage Loan; Loans; (f) control and maintain all accounts and other rights to payments related to any of the property described in the other clauses of this definition; paragraph; (g) possess and use any and all documents, files, records, servicing files, servicing documents, servicing records, data tapes, computer records, or other information Mortgage Files pertaining to such the Mortgage Loan Loans or pertaining to the past, present present, or prospective servicing of such the Mortgage Loan; Loans; and (h) enforce any and all rights, powers and privileges incident to any of the foregoing, all in accordance with Accepted Servicing Practices. foregoing View More
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