Servicing lenders: collect mortgage payments and then disperse principal, interest, and in most cases, taxes and insurance The mortgage company you make your payments to is the Servicing Lender
the act of mating by male animals; "the bull was worth good money in servicing fees
The act of billing, collecting payment, filing reports, managing impound accounts and handling defaults on a mortgage
The day-to-day process to bill, apply payments, and otherwise take care of consumers' loans When loans are securitized, the company maintains the servicing activities of the loans and earns a servicing fee
All the steps and operations a lender performs to keep a loan in good standing, such as collection of payments, payment of taxes, insurance, property inspections and the like
The procedures related to the collection of home loan payments and the management of escrow accounts
The steps and operations a lender performs to keep a loan in good standing, such as collection of payments, payment of taxes, insurance, property inspections and the like
An overall term for the services the lender provides in handling your mortgage This includes collecting your payments, and paying taxes and insurance if you have funds in an escrow account Top
The duties of the mortgage lender as a loan correspondent as specified in the servicing agreement for which a fee is received The collection for an investor of payments, interest, principal and trust items such as hazard insurance and taxes, on a note by the borrower in accordance with the terms of the note Servicing also consists of operational procedures covering accounting, bookkeeping, insurance, tax records, loan payment follow-up, and delinquency loan follow-up and loan analysis
when a machine or vehicle is examined and things are done to keep it working well
Collection and aggregation of principal, interest and escrow payments on mortgage loans and mortgage securities, as well as certain operational procedures such as accounting, bookkeeping, insurance, tax records, loan payment follow-up, delinquency loan follow-up, and loan analysis The party providing servicing, the servicer, receives a servicing fee
Administering loans between the time of disbursement and the time the loan is fully paid off This includes collecting monthly payments from the borrower, maintaining records of loan progress, assuring payments of taxes and insurance, and pursuing delinquent accounts
>> The operations a lender or servicer performs post-origination to manage a loan, such as collection of payments, payment of taxes, insurance, property inspections and so on
The management of a loan, including collecting all payments and disbursing funds for the payment of the real estate taxes and homeowner's insurance The servicing company may or may not be the original lender that closed the mortgage loan
The collection of mortgage payments from borrowers and related responsibilities of a loan servicer
The responsibility of collecting monthly mortgage payments and properly crediting them to the principal, taxes and insurance, as well as keeping the borrower informed of any changes in the status of the loan
The collection of mortgage payments from borrowers and related responsibilities (such as handling escrows for property tax and insurance, foreclosing on defaulted loans, and remitting payments to investors)