|
|
Mortgage servicing |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Mortgage ServicingControlling the necessary duties of a mortgagee, such as collecting payments, releasing the lien upon payment in full, foreclosing if in default, and making sure the taxes are paid, insurance is in force, etc. Servicing may be done by the lender or a company acting for the lender, for a servicing fee.Mortgage servicingThe collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan.Mortgage servicing Similar MatchesMBS servicingMBS servicingThe requirement that the mortgage servicer maintain payment of the full amount of contractually due principal and interest payments whether or not actually collected. |
|
|
|