Definition Servicing

glossary: Servicing definition
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Glossary: Servicing

Servicing refers to 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. Servicing by the lender also consists of operational procedures covering accounting, bookkeeping, insurance, tax records, loan payment follow-up, and delinquent loan follow-up and loan analysis.

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Definition: Servicing

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