What is the meaning of Servicing (or Loan Administration)?

Subtopics: THE LOAN 

Servicing (or Loan Administration) is the collection of mortgage payments from borrowers and related responsibilities (such as handling escrows for property tax and insurance, foreclosing on defaulted loans and remitting payments to investors).

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APABarry Goldsmith. (2010). servicing (or loan administration). Retrieved September 29, 2026, from http://smartdefine.org/servicing_(or_loan_administration)/definitions/1163347
ChicagoBarry Goldsmith. 2010. "servicing (or loan administration)" http://smartdefine.org/servicing_(or_loan_administration)/definitions/1163347 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, servicing (or loan administration), Smart Define, viewed 29 September, 2026, <http://smartdefine.org/servicing_(or_loan_administration)/definitions/1163347>.
MLABarry Goldsmith. "servicing (or loan administration)" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/servicing_(or_loan_administration)/definitions/1163347>