Master Servicer definition: Copy, customize, and use instantly
Introduction
The term "Master Servicer" refers to an entity or person responsible for overseeing and managing the servicing of a portfolio of loans or other financial assets in a securitization structure. The master servicer coordinates the activities of sub-servicers, ensures compliance with contractual obligations, and may be involved in the collection of payments, management of defaults, and reporting to investors or other stakeholders.
Below are various examples of how "Master Servicer" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Master Servicer" for loan servicing
This definition ties "Master Servicer" to its role in managing loan servicing.
"Master Servicer" refers to the entity responsible for overseeing the servicing of loans in a securitization, ensuring that payments are collected, defaults are managed, and investor reports are provided.
Definition of "Master Servicer" for securitization transactions
This definition connects "Master Servicer" to its role in securitization transactions.
"Master Servicer" means the party responsible for administering the loan servicing process in a securitization, coordinating with sub-servicers and ensuring that loan performance is managed in accordance with the terms of the transaction.
Definition of "Master Servicer" for coordinating sub-servicers
This definition links "Master Servicer" to its coordination with sub-servicers.
"Master Servicer" refers to the entity responsible for coordinating the activities of sub-servicers, ensuring that all servicing functions are performed in accordance with applicable agreements and servicing standards.
Definition of "Master Servicer" for managing defaults
This definition ties "Master Servicer" to managing loan defaults.
"Master Servicer" means the party tasked with managing defaults and delinquent loans, ensuring that appropriate steps are taken to mitigate loss and that all required actions are reported to stakeholders.
Definition of "Master Servicer" for investor reporting
This definition connects "Master Servicer" to its role in investor reporting.
"Master Servicer" refers to the entity that is responsible for providing detailed reports to investors regarding the performance of the loans or financial assets in a securitization, including payment histories and default information.
Definition of "Master Servicer" for overseeing loan performance
This definition links "Master Servicer" to overseeing the performance of loans.
"Master Servicer" means the entity that monitors the performance of the loan portfolio, ensuring that payments are made timely, defaults are managed appropriately, and that servicing procedures are compliant with regulatory and contractual requirements.
Definition of "Master Servicer" for contract compliance
This definition ties "Master Servicer" to ensuring contract compliance.
"Master Servicer" refers to the entity responsible for ensuring that all servicing activities related to the loans are compliant with the terms of the servicing agreement and other related contracts.
Definition of "Master Servicer" for loan portfolio management
This definition connects "Master Servicer" to its management of loan portfolios.
"Master Servicer" refers to the entity tasked with managing a portfolio of loans, coordinating with sub-servicers, and ensuring that servicing operations are carried out in an efficient and compliant manner.
Definition of "Master Servicer" for handling collections
This definition links "Master Servicer" to its role in handling collections.
"Master Servicer" means the party responsible for collecting payments on behalf of the investors and managing the payment processes, including overseeing the activities of any sub-servicers.
Definition of "Master Servicer" for communication with stakeholders
This definition ties "Master Servicer" to communication with stakeholders.
"Master Servicer" refers to the entity that facilitates communication with investors, trustees, and other stakeholders, ensuring that they are informed about the performance and status of the loan portfolio.
Definition of "Master Servicer" for managing servicing fees
This definition connects "Master Servicer" to the management of servicing fees.
"Master Servicer" refers to the entity that manages the collection and distribution of servicing fees, ensuring that fees are allocated according to the terms of the servicing agreement.
Definition of "Master Servicer" for coordinating loan modifications
This definition links "Master Servicer" to loan modifications.
"Master Servicer" means the entity responsible for coordinating loan modifications, including restructuring loans in default or underperforming loans to avoid foreclosure and mitigate losses.
Definition of "Master Servicer" for ensuring timely payments
This definition ties "Master Servicer" to ensuring timely loan payments.
"Master Servicer" refers to the party responsible for ensuring that loan payments are made in a timely manner, and for taking appropriate actions when a payment is missed or delayed.
Definition of "Master Servicer" for overseeing foreclosure proceedings
This definition connects "Master Servicer" to its role in foreclosure proceedings.
"Master Servicer" refers to the entity responsible for overseeing foreclosure proceedings, ensuring that legal processes are followed and that the appropriate steps are taken to handle properties in default.
Definition of "Master Servicer" for recordkeeping
This definition links "Master Servicer" to its role in recordkeeping.
"Master Servicer" means the party responsible for maintaining accurate and up-to-date records of loan performance, payments, defaults, and any other relevant servicing information.
Definition of "Master Servicer" for servicing agreements
This definition ties "Master Servicer" to its responsibilities under servicing agreements.
"Master Servicer" refers to the entity that holds primary responsibility for ensuring that all servicing obligations under the servicing agreement are fulfilled, including coordinating with sub-servicers and reporting to stakeholders.
Definition of "Master Servicer" for compliance with regulations
This definition connects "Master Servicer" to its role in regulatory compliance.
"Master Servicer" refers to the entity that ensures all servicing activities are in compliance with applicable local, state, and federal regulations, as well as the terms of any relevant agreements.
Definition of "Master Servicer" for managing third-party servicers
This definition links "Master Servicer" to managing third-party servicers.
"Master Servicer" means the entity responsible for overseeing and managing the activities of third-party servicers, ensuring that they comply with all applicable servicing standards and agreements.
Definition of "Master Servicer" for loan servicing oversight
This definition ties "Master Servicer" to loan servicing oversight.
"Master Servicer" refers to the entity responsible for overseeing all aspects of loan servicing, including the actions of sub-servicers, default management, and compliance with servicing agreements.
Definition of "Master Servicer" for custodianship of loan documents
This definition connects "Master Servicer" to its role as custodian of loan documents.
"Master Servicer" refers to the entity responsible for safeguarding and maintaining custody of all loan documents related to the servicing of loans in a securitization structure.
Definition of "Master Servicer" for reporting on loan delinquency
This definition links "Master Servicer" to reporting on loan delinquency.
"Master Servicer" means the party responsible for reporting delinquency and default data to investors and other stakeholders, ensuring that any issues are identified and addressed in a timely manner.
Definition of "Master Servicer" for managing loan modifications
This definition ties "Master Servicer" to its role in managing loan modifications.
"Master Servicer" refers to the entity that manages and coordinates loan modifications, restructuring loans to ensure that they remain in good standing and avoid foreclosure.
Definition of "Master Servicer" for managing special servicing
This definition connects "Master Servicer" to its role in special servicing.
"Master Servicer" refers to the entity that manages special servicing of loans in default or underperforming, ensuring that appropriate measures are taken to mitigate loss and manage distressed assets.
Definition of "Master Servicer" for facilitating asset transfer
This definition links "Master Servicer" to facilitating asset transfers.
"Master Servicer" means the party responsible for facilitating the transfer of assets between parties, including the coordination of any asset sales or dispositions as part of the servicing agreement.
Definition of "Master Servicer" for oversight of servicing performance
This definition ties "Master Servicer" to its role in overseeing servicing performance.
"Master Servicer" refers to the entity tasked with overseeing the performance of loan servicing, ensuring that all servicing activities meet performance standards and comply with contractual obligations.
Definition of "Master Servicer" for handling loan documentation
This definition connects "Master Servicer" to its role in loan documentation.
"Master Servicer" refers to the entity responsible for handling all loan documentation, ensuring that all relevant documents are properly executed and maintained as part of the servicing process.
Definition of "Master Servicer" for ensuring loan compliance
This definition links "Master Servicer" to ensuring loan compliance.
"Master Servicer" means the entity responsible for ensuring that all loans under its supervision comply with the terms of the servicing agreements, regulations, and investor guidelines.
Definition of "Master Servicer" for overseeing loan asset sales
This definition ties "Master Servicer" to overseeing asset sales.
"Master Servicer" refers to the entity responsible for overseeing the sale of loan assets, managing the disposition process, and ensuring that it aligns with the objectives of the securitization.
Definition of "Master Servicer" for ensuring efficient loan servicing
This definition connects "Master Servicer" to efficient loan servicing.
"Master Servicer" refers to the entity that ensures the efficient servicing of loans, including the management of defaults, payment collection, and ensuring that the overall servicing process operates smoothly and effectively.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.