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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Servicer

1. (n.) The organization that is responsible for sending statements, accepting payments, filing required reports and managing escrow accounts for a mortgage loan.

2. (v.) Servicing. The action of sending statements and collecting payments from borrowers, filing reports, and managing escrow accounts for a mortgage loan.

See Mortgage Loan Property Types

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.