A scheduled number is the unique identifying number that a servicer assigns to a specific schedule within their internal record-keeping system.
In more detail, the term "scheduled number" generally refers to an internal tracking identifier. Here's a breakdown:
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Schedule: In this context, a "schedule" refers to a document or record containing a set of organized data, often related to financial transactions, payments, or contracts.
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Servicer: A servicer is an entity responsible for managing and administering a portfolio of loans or other financial assets. Their duties often include collecting payments, managing defaults, and maintaining records.
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Internal Books and Records: This refers to the servicer's internal databases and systems where they store and track information related to the assets they manage.
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Identifying Number: This is a unique code (often alphanumeric) that distinguishes one schedule from another within the servicer's system.
Therefore, a scheduled number allows the servicer to quickly and accurately locate a specific schedule within their records for reference, reporting, or other administrative purposes. The format and specific meaning may vary depending on the servicer's internal systems and the type of schedules they manage.
