AAPL 209.47 -0.3188% MSFT 391.72 0.1432% NVDA 108.285 -0.4093% GOOGL 160.06 -0.3424% GOOG 161.9444 -0.2928% AMZN 185.64 -1.0975% META 549.0344 -0.1284% AVGO 190.61 -0.9664% LLY 888.305 1.2556% TSLA 282.8 -1.0774% TSM 164.25 0.5202% V 338.175 0.197% JPM 243.455 0.0966% UNH 411.11 -2.1167% NVO 64.9 3.641% WMT 95.08 -0.147% LVMUY 112.06 -1.8309% XOM 108.135 -0.4557% LVMHF 560.0 -2.6899% MA 538.43 0.7372%
AAPL 209.47 -0.3188% MSFT 391.72 0.1432% NVDA 108.285 -0.4093% GOOGL 160.06 -0.3424% GOOG 161.9444 -0.2928% AMZN 185.64 -1.0975% META 549.0344 -0.1284% AVGO 190.61 -0.9664% LLY 888.305 1.2556% TSLA 282.8 -1.0774% TSM 164.25 0.5202% V 338.175 0.197% JPM 243.455 0.0966% UNH 411.11 -2.1167% NVO 64.9 3.641% WMT 95.08 -0.147% LVMUY 112.06 -1.8309% XOM 108.135 -0.4557% LVMHF 560.0 -2.6899% MA 538.43 0.7372%

Loan Servicing

Updated on August 29, 2023

Loan servicing is the process by which a company such as a mortgage bank or any servicing firm collects principal, interest, as well as escrow payments from a borrower.

Loan servicing involves collecting monthly payments and sending the same, maintaining records of balances and payments, taxes and insurance payment and collection, remitting assets to the note owner, and following up on delinquencies.