Primary servicer
Term for companies that monitor and manage loans / From Wikipedia, the free encyclopedia
The term primary servicer refers to companies that monitor and manage loans. The primary servicer of a loan can be the loan originator, the mortgage banker or a third party and maintains direct contact with the borrower. If the loan falls into default or needs special attention, a special servicer would undertake this role.
This article relies largely or entirely on a single source. (June 2011) |
See also: loan servicing