Servicing
Definition
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
Related Terms Other terms related to 'Servicing' starting with the letter 'S' Self employed borrower, Sub prime lender, Secondary markets, Shopping site, Second mortgage Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 