Servicer, AMRESCO acts as a stand-by servicer on a group or pool of loans
in the event the primary or Master Servicer of the loans is unable to
perform its normal duties for any reason.
To prepare itself for a smooth transition in the event the primary
servicer defaults on its duties, or must otherwise be replaced,
AMRESCO will perform
an independent analysis of the monthly portfolio loan tape and obtain
regular updates regarding the workout status of all delinquent loans.
This allows AMRESCO's
and Special Servicing
departments to immediately step-in and take over all servicing functions
when the need arises.