AAPL 212.33 -0.7804% MSFT 382.96 -1.4767% NVDA 116.8399 -2.2506% GOOGL 160.37 -2.386% GOOG 162.43 -2.4854% AMZN 193.36 -1.2159% META 583.35 -3.5626% AVGO 189.11 -2.7712% LLY 820.095 -0.5656% TSLA 225.9557 -5.0646% TSM 173.6 -1.1143% V 334.155 -0.1181% JPM 234.72 0.3377% UNH 505.71 1.3406% NVO 81.065 1.1416% WMT 85.9 -1.7837% LVMUY 133.67 -0.0598% XOM 113.6 -0.1406% LVMHF 665.27 -0.9278% MA 528.85 -0.5902%
AAPL 212.33 -0.7804% MSFT 382.96 -1.4767% NVDA 116.8399 -2.2506% GOOGL 160.37 -2.386% GOOG 162.43 -2.4854% AMZN 193.36 -1.2159% META 583.35 -3.5626% AVGO 189.11 -2.7712% LLY 820.095 -0.5656% TSLA 225.9557 -5.0646% TSM 173.6 -1.1143% V 334.155 -0.1181% JPM 234.72 0.3377% UNH 505.71 1.3406% NVO 81.065 1.1416% WMT 85.9 -1.7837% LVMUY 133.67 -0.0598% XOM 113.6 -0.1406% LVMHF 665.27 -0.9278% MA 528.85 -0.5902%

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.