mortgage servicer
A business that mortgage issuers pay to administer their mortgages. The servicer typically accepts and records mortgage payments, handles workout negotiations if the homeowner defaults, and may supervise the foreclosure process if negotiations fail.
Category: Bankruptcy, Foreclosure & Debt → Foreclosure
Category: Real Estate & Rental Property → Homeowners

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

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