Activities the lender performs such as collecting the payments and/or paying taxes and insurance from an escrow account.
All the steps and operations a lender performs after a loan is closed; such as collection of payments, payment of taxes and insurance, and customer satisfaction.
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.
The process of collecting loan payments, keeping the records associated with loans, and handling defaults.
performing administrative functions on a loan after closing
the administration of a loan that includes, but is not limited to, the collection of the monthly payments, and/or related fees, and disbursement of the collections to the investor who owns the loan. Upon selling the loan, servicing may either be retained or released. If retained, the selling lender will be paid a fee for managing the loan account. If servicing is released, the seller is not responsible for the loan administration.
The collection of mortgage payments, securing escrow funds, payment of property taxes and insurance from the escrowed funds, follow-up on delinquencies, and the accounting for and remitting of principal and interest payments to the investor.
A percentage of the interest payment of a mortgage loan that is paid to a servicer as compensation for processing mortgage loan payments.
Whether the Seller intends to sell the loan with Servicing Retained, Released or Either
Act of collecting loan payments, disbursing property taxes and insurance from escrow, foreclosing on defaulted loans, and remitting payments to investors.
capacity to meet principal, interest and other payments on a loan.
The steps and operations a lender performs to keep a loan in good standing including the collection of payments, payment of taxes, insurance, and property inspections.
The lender's responsibility to collect monthly mortgage payments and properly credit them to the principal, interest, taxes and insurance (if applicable), as well as keep the borrower informed of any changes in the status of the loan.
The procedures related to the collection of mortgage payments and the management of mortgage escrow accounts.
Supervising and administering a loan after it has been made. This involves such things as: collecting payments, keeping records, property inspections, and foreclosing on defaulted loans.
The work involved with handling mortgage payments, comprising the collection of payments, remittance of principal and interest to the note holder, accounting for escrow funds with proper disbursement, and follow-up on delinquencies.
A lenderĂ¢â‚¬(tm)s responsibilities that include collecting and accounting for mortgage payments, handling escrow funds, following up on delinquencies, and remitting and reporting to investors.
A mortgage banking function following loan closing which includes the receipt of payments, customer service, escrow administration, investor accounting, collections, and foreclosures.
The process by which a lender collects monthly mortgage payments and forwards applicable portions of the payments to the investor, local government and insurance agencies.
The tasks a lender performs to protect the mortgage investment, including the collection of mortgage payments, escrow administration, and delinquency management.
The collection of loan payments from borrowers plus related responsibilities.
The policing and record-keeping functions performed by mortgage lenders. The servicer of a loan sends payments notices, keeps track of the principal balance, ensures that property taxes and mortgage insurance are paid, remits payments to mortgage investors, etc. For these considerations, the servicer is paid 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 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.
Supervising and administering a loan after it has been made. This involves such things as collecting the payments, keeping accounting records, computing interest and principal, etc.
This is everything a lender does to keep a loan in good standing- collection of and disbursements of payments, taxes, insurance, and the like.
The collection of payments of interest and principal, and trust fund items such as fire insurance, taxes, etc., on a note by the borrower in accordance with the terms of the note. Servicing by the lender also consists of operational procedures covering accounting, bookkeeping, insurance, tax records, loan payment follow-up, delinquent loan follow-up and loan analysis.
The act of collecting periodic payments toward a debt.
The operational procedures related to the collection of home loan payments and other payments related to mortgage loans.
All the operations carried out by the lender to keep a loan in good standing, including payment of taxes and insurance.
All the management and operational procedures that the mortgage company handles for the life of the loan, up through foreclosure if necessary, including: collecting the mortgage payments, ensuring that the taxes and insurance charges are paid promptly, and sending an annual report on the mortgage and escrow accounts.
Refers to the collection of monthly mortgage payments and distribution of payments for property taxes, homeowner's insurance, etc. done by a lender.
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 obligations of the mortgage banker as a loan correspondent as designated in the servicing arrangement 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 stipulations of the note. Servicing also consists of operational procedures covering accounting, bookkeeping, insurance, tax records, loan payment follow-up, delinquency, delinquency loan follow-up and loan analysis.
administering a loan after closing, such as maintaining loan records and sending statements.
The steps a lender performs to keep a loan in good standing, such as payment of taxes, insurance, collection of payment, etc.
The collection of payments and management of operational procedures related to a mortgage loan. All MOP loans are serviced by the Office of Loan Programs.
A series of payments and charges for operational procedures related to a mortgage.
The process of administering a mortgage loan including collecting payments, maintaining insurance and undertaking special measures such as workouts and foreclosures when they prove necessary.
All the steps and operations lenders perform to maintain a loan in good standing, such as collection of payments, payment of taxes, insurance, property inspections and the like.
The collection of the monthly payment from the borrower by the lender.
The act of billing, collecting payment, filing reports, managing impound accounts and handling defaults on a mortgage.
The periodic, normally monthly, collection of mortgage interest and principal repayment and other mortgage- related expenses, such as property taxes and property insurance.
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.
Same as 'Loan Administration'.
all the steps a lender takes to ensure that a loan remains in good standing. Examples of servicing include collection of payments, payment of taxes, insurance, etc.
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).
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 collection of payments, handling your escrow accounts and management of operational procedures that a lender performs.
The services a lender provides in handling a mortgage, such as collecting payments, paying taxes and insurance, etc.
The servicing of a mortgage by billing, managing, filing, and collecting.
The management of operational procedures related to collection of payments, payment of taxes and insurance, reporting to borrowers and the IRS, and other activities related to existing mortgage loans.
Term used to describe the administration of mortgage loans between the time of loan 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 collection of principal and interest payments from borrowers and management of borrowers' tax and insurance escrow accounts.
With regard to financing; it is the administration of a loan after it's inception.
The procedures performed by a lender to keep a loan in good standing, (the collection of payments, disbursement of taxes, insurance, and property inspections, etc.)
The collection of mortgage payments from borrowers and related responsibilities of a loan servicer.
The collection of payments, interest and principal, and escrow or trust items, such as property taxes and hazard insurance on a note for a fee.