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Loan Servicing

Loan Servicing

Loan servicing is the process of administering a loan from the time that the loan closes and the funds are disbursed until the final loan payment is made. Loan servicing can include: billing the borrower, collecting payments, sending payments to the note holder, monitoring and following up on delinquent payments, escrowing tax and insurance payments. Loan servicing can be done by the lender or by a company designated by the lender.


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