mortgage servicer

Definition of "mortgage servicer"
  1. A company responsible for managing a mortgage, including recording payments, handling discussions when the homeowner cannot make payments, and possibly overseeing foreclosure proceedings
How to use "mortgage servicer" in a sentence
  1. The mortgage servicer reached out to him after he missed two consecutive payments.
  2. If negotiations fail, the mortgage servicer might initiate foreclosure proceedings.
  3. Despite his efforts, he couldn’t understand the terms set by his mortgage servicer.

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