Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• SERVICING A LOAN - The ongoing process of collecting your monthly mortgage payment, including accountin...
  
  
• SERVICING AGENT - The party who services a loan, who may or may not be the lender who originated it.
  
  
• SERVICING AGREEMENT - A written agreement between an investor and mortgage servicer stipulating the rig...
  
  
• SERVICING CONTRACT - a document used in secondary mortgage market transactions that details servicing r...
  
  
• SERVICING FEE - The fee charged to the borrower for the lender's costs of collecting payments and admin...
  
  
• SERVICING INCOME - Income derived from servicing.
  
  
• SERVICING RELEASE PREMIUM - A payment made by the purchaser of a mortgage to the seller for the release...
  
  
• SERVICING RELEASED - A stipulation in the agreement for the sale of mortgages in which the Lender is no...
  
  
• SERVICING RETAINED - A loan sale in which the original lender's servicing department continues to servi...
  
  
• SERVICING RUNOFF - The dollar amount of principal paid off on a mortgage or mortgage portfolio.