The Cuyahoga Ohio Pooling and Servicing Agreement is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., pertaining to the pooling and servicing of mortgage loans in Cuyahoga, Ohio. This agreement outlines the responsibilities and rights of the parties involved in managing the mortgage loans, including the loan service, trustee, and investors. Keywords: Cuyahoga Ohio, Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., mortgage loans, loan service, trustee, investors. Types of Cuyahoga Ohio Pooling and Servicing Agreement: 1. Standard Pooling and Servicing Agreement: This type of agreement is the most common and covers the general terms and conditions for pooling and servicing the mortgage loans in Cuyahoga, Ohio. It outlines the various roles and liabilities of each party involved and provides a framework for proper loan management. 2. Master Servicing Agreement: In some cases, a separate master servicing agreement may be included within the Cuyahoga Ohio Pooling and Servicing Agreement. This agreement defines the additional responsibilities of the master service, who acts as an intermediary between the loan service and the investors. It includes provisions related to cash flow, advance obligations, reporting requirements, and other specific duties of the master service. 3. Subservicing Agreement: If the loan service outsources a portion of its servicing duties to another entity, a subservicing agreement may be included as part of the Cuyahoga Ohio Pooling and Servicing Agreement. This agreement outlines the responsibilities and compensation of the subscriber, including loan administration, customer support, and delinquency management. 4. Co-Issuer Agreement: In cases where multiple entities are involved in the securitization process, a co-issuer agreement may be included as part of the Cuyahoga Ohio Pooling and Servicing Agreement. This agreement clarifies the roles and responsibilities of each co-issuer, including the distribution of cash flows, trust administration duties, and liability allocations. It is important to note that the specific types of agreements within the Cuyahoga Ohio Pooling and Servicing Agreement may vary depending on the unique circumstances and requirements of the mortgage loan portfolio in question.
The Cuyahoga Ohio Pooling and Servicing Agreement is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., pertaining to the pooling and servicing of mortgage loans in Cuyahoga, Ohio. This agreement outlines the responsibilities and rights of the parties involved in managing the mortgage loans, including the loan service, trustee, and investors. Keywords: Cuyahoga Ohio, Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., mortgage loans, loan service, trustee, investors. Types of Cuyahoga Ohio Pooling and Servicing Agreement: 1. Standard Pooling and Servicing Agreement: This type of agreement is the most common and covers the general terms and conditions for pooling and servicing the mortgage loans in Cuyahoga, Ohio. It outlines the various roles and liabilities of each party involved and provides a framework for proper loan management. 2. Master Servicing Agreement: In some cases, a separate master servicing agreement may be included within the Cuyahoga Ohio Pooling and Servicing Agreement. This agreement defines the additional responsibilities of the master service, who acts as an intermediary between the loan service and the investors. It includes provisions related to cash flow, advance obligations, reporting requirements, and other specific duties of the master service. 3. Subservicing Agreement: If the loan service outsources a portion of its servicing duties to another entity, a subservicing agreement may be included as part of the Cuyahoga Ohio Pooling and Servicing Agreement. This agreement outlines the responsibilities and compensation of the subscriber, including loan administration, customer support, and delinquency management. 4. Co-Issuer Agreement: In cases where multiple entities are involved in the securitization process, a co-issuer agreement may be included as part of the Cuyahoga Ohio Pooling and Servicing Agreement. This agreement clarifies the roles and responsibilities of each co-issuer, including the distribution of cash flows, trust administration duties, and liability allocations. It is important to note that the specific types of agreements within the Cuyahoga Ohio Pooling and Servicing Agreement may vary depending on the unique circumstances and requirements of the mortgage loan portfolio in question.
