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Concept
Loan Servicer
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Summary
A
Loan Servicer
is a company or entity responsible for managing the
Day-to-day administration of a loan
, including
Collecting payments
,
Managing escrow accounts
, and
Handling customer service inquiries
. They act as
Intermediaries between the borrower and the lender
, ensuring that the
Terms of the loan
are adhered to and assisting with any issues that may arise during the
Repayment Period
.
Concepts
Loan Administration
Escrow Account Management
Payment Processing
Customer Service
Loan Repayment
Interest Rate Management
Default Management
Loan Modification
Regulatory Compliance
Mortgage Servicing
Loan Consolidation
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