mortgage servicing


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.

Use mortgage servicing in a sentence

You should try to make sure that you get some mortgage servicing if that will make things better for you.

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We had decided to contract out the mortgage servicing to a successful and reputable company that also specialized in debt collections.

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They were in the mortgage servicing business. They would buy loans from other companies and service them, and receive a nice service fee in return.

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mortgage scams mortgage servicing rights (MSR)