What Is a Mortgage Loan Servicer?
Working through the mortgage process can be complex, and one significant yet often misunderstood aspect is the role of a mortgage loan servicer. You might be familiar with lenders, the entities that provide the funds for your home purchase, the servicer is the company you’ll interact with most frequently over the life of your loan. Understanding what a mortgage loan servicer does can help you manage your mortgage more effectively and know who to turn to with any questions or issues. The Basics of Mortgage Loan Servicing A mortgage loan servicer is a company responsible for managing your loan from…