Servicing

The tasks a lender performs to protect the mortgage investment, including the collection of mortgage payments, escrow administration, and delinquency management.

The responsibility of collecting monthly mortgage payments and properly crediting them to the principal, taxes and insurance, as well as keeping the borrower informed of any changes in the status of the loan.

The collection of mortgage payments from borrowers and related responsibilities of a loan servicer.

Same as "mortgage servicing." See also "mortgage servicing."