Administering a mortgage. Includes calculating principal and interest, collecting payments from the mortgagor, acting as an escrow agent, and foreclosing in the event of a default.
Related information about mortgage servicing:
- Mortgage servicer - Wikipedia, the free encyclopedia
A mortgage servicer is a company to which some borrowers pay their mortgage loan payments, if it has bought the mortgage servicing rights from the original ...
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- American Home Mortgage Servicing, Inc.
American Home Mortgage banking firm involved in the acquisition, purchase, sale, securitization, and servicing of residential mortgages.
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Oct 1, 2012 ... As part of the government's historic settlement with big banks over foreclosure abuses, firms must carry out more than 300 changes in the way ...
- Mortgage Servicing Rights (MSR) Definition | Investopedia
A contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who specializes in the various ...