Loan servicing. That’s our real estate word of the day. Loan servicing is after you obtain a loan, the company that that you make payments to is called the servicer of your loan.
They process the payments, send statements, manage the escrows or in pounds. Provide collection efforts if you become delinquent.
Ensure that insurance and property taxes are made on your behalf. They handle pay offs assumptions and provide a variety of other services. That is the loan servicer or loan servicing.