Mortgage Servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages. The duties of a mortgage servicer vary, but typically include the acceptance and recording of mortgage payments payment of taxes and insurance from borrower escrow accounts; negotiations of workouts and modifications of mortgage upon default; and conducting or supervising the foreclosure process when necessary.
Mortgage Servicing – a company that performs all aspects of Servicing and Collecting on non-performing loans, re-performing loans, performing loans, and REO’s. Services provided include processing payments, collections activities, foreclosure, bankruptcy, loss mitigation, modifications, reo management, property preservation, escrow servicing, tax and insurance monitoring, ARM servicing, specialized reporting, and more.