Master Servicing Fee
The master servicing fee is the principal compensation paid to the master servicer for servicing activities, typically payable monthly on a loan-by-loan basis from interest collections. CMBS glossaries describe additional compensation streams such as certain assumption and modification fees depending on deal terms.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Post-closing servicing; surveillance
- Property types
- CMBS transactions
In practice
Servicer compensation design affects incentives around modifications, assumptions, and resolution pace.
Related terms
servicing standardremittance reportingadvances
Institutional and Capital Markets
- Agency Securities
- Commercial Mortgage-Backed Securities (CMBS)
- Ginnie Mae Mortgage-Backed Securities (Ginnie Mae I)
- Pooling and Servicing Agreement (PSA)
- Preliminary Prospectus ("Red")
- Private Label Securities (Non-Agency Securities)
- Private Placement
- Prospectus
- Real Estate Investment Trust (REIT)
- Sub-Servicer
General information, not legal, tax or financial advice.