What Is Mortgage Servicer?
A mortgage servicer is the company that collects monthly payments, manages the escrow account, and handles day-to-day loan administration — which may be a different company than the lender who originated the loan.
Why it matters
Loans are frequently sold or transferred to a new servicer after closing; borrowers should watch for official transfer notices rather than assuming a payment-request change is legitimate.
Related Terms
More Financing Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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