Service Level Agreements: The service level agreements set forth on Exhibit XV attached hereto.
Service Release Transfer Instructions: The Service Release Transfer Instructions attached hereto as Exhibit IX, as amended by Subservicer from time to time.
Service Rendered Ancillary Fees: Fees charged by and within the control of Subservicer to the related Mortgagor in consideration of fulfilling specific requests by the Mortgagor. Such fees include, but are not limited to, fees for payoff statement delivery and/or preparation fees, wire fees, assisted phone-pay, uncollected funds fees, processing of assumptions, partial releases, correction of legal description, and condominium conversions, easements, or subordinations.
Servicing Advance: All customary, reasonable and necessary out of pocket costs and expenses related to the servicing of a Mortgage Loan, including, but not limited to, the cost of (i) the preservation, restoration and protection of the Mortgaged Property, (ii) any enforcement or judicial proceedings, including bankruptcy, foreclosure and Loss Mitigation costs along with the related costs, expenses and fees of foreclosure or bankruptcy or of acquiring title to the Mortgaged Property by deed-in-lieu of foreclosure, (iii) any appraisals, valuations, broker price opinions, inspections, or environmental assessments, (iv) the management and liquidation of the REO, (v) payment of taxes, assessments, water rates, mortgage insurance premiums, fire and hazard insurance premiums, flood insurance premiums and other payments defined herein, (vi) payment of interest on funds held in Escrow Accounts payable to Mortgagors pursuant to applicable law or (vii) amounts, excluding P&I Advances, paid by Subservicer to third parties pursuant to the requirements of this Agreement, or to the extent that Subservicer is permitted, amounts advanced pursuant to Applicable Requirements.
T&I: Taxes and insurance.
T&I Account: A time deposit or demand account created and maintained for the deposit of Escrow Payments and related disbursements.
Term Servicing Loan: A Mortgage Loan that is not an Interim Serviced Mortgage Loan.
Transfer Date: With respect to any particular Mortgage Loan, the date on which Subservicer commences subservicing of the Mortgage Loan and the related data resides on Subservicers system.
Transfer Instructions: The Bulk Servicing Transfer Instructions, New Loan Flow Transfer Instructions and Interim Serviced Mortgage Loan Transfer Instructions. All Transfer Instructions may be amended from time to time by Subservicer.
USDA: The United States Department of Agriculture.
VA: The United States Department of Veterans Affairs.
Vendors With Access to NPPI: Subservicers vendors identified by Subservicer as Vendors With Access to NPPI from time to time. The current list of Vendors With Access to NPPI is attached hereto as Exhibit XI.
Whole Loan Transfer: Any transaction involving the sale or transfer of some or all Mortgage Loans as whole loans.