Servicing Agent

Servicing Agent

The party who services a loan, who may or may not be the lender who originated it.

See Servicing.

References in periodicals archive ?
7 trillion, and only 257 of them have gone through the process of debt restructuring, the debt of 54 others are handled by servicing agent named by IBRA.
The Company's 20 stores in Pennsylvania and Texas will operate as a marketing and servicing agent for First Bank of Delaware under the bank-funded model.
Additionally, the Company is discontinuing its operations as a marketing and servicing agent for consumer loans that are fulfilled through document transmitter locations.
Paul, MN has selected ARI's EMPARTweb(TM) web-based electronic parts catalog and shopping cart for use by all of their servicing agents and customers throughout the U.
Wipaire's goal has always been to provide our servicing agents and consumers not just with quality products, but with access to all of the parts and service information they need to maintain those products," said Steve Colestock, president of Wipaire.
Although the 'AAA' rating is dependent on Ambac's insurer financial enhancement rating, the underlying transaction is investment-grade quality based on the structural features that limit recycling and withdrawal of funds, a debt service reserve account, and the use of experienced servicing agents such as Nelnet Loan Services Inc.