MLchartDataset catalogue

Mortgage servicer

Term · Law · MLC-T-LAW-003299

A company that manages the administrative tasks associated with a mortgage loan on behalf of the lender or investor. This includes collecting payments, managing escrow accounts for taxes and insurance, and handling borrower inquiries or defaults. The servicer does not own the loan but is compensated for its administrative duties, often by a percentage of the outstanding loan balance.

Table 1. Record
IdentifierMLC-T-LAW-003299
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003299",
  "term": "Mortgage servicer",
  "field": "Law",
  "definition": "A company that manages the administrative tasks associated with a mortgage loan on behalf of the lender or investor. This includes collecting payments, managing escrow accounts for taxes and insurance, and handling borrower inquiries or defaults. The servicer does not own the loan but is compensated for its administrative duties, often by a percentage of the outstanding loan balance.",
  "url": "https://mlchart.com/terminology/law/mortgage-servicer/"
}

Record 3,273 of 5,441 in Law terminology (MLC-0107). Request the full dataset.