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 ?
Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated (FFC) (NYSE:FFC) and Flaherty & Crumrine/Claymore Total Return Fund Incorporated (FLC) (NYSE:FLC), two closed-end, diversified investment companies, reported on Monday that their boards of directors have approved a name change and the appointment of Destra Capital Investments LLC as shareholder servicing agent as of 28 February 2013.
In connection with the servicing agent change, each fund will change its name.
The report said IBRA has 691 property debtors with a total debt of Rp40.7 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 financing was placed with American National Insurance Co., which Cronheim represents as a mortgage correspondent and servicing agent. The borrower, National Realty & Development Corp.
And while the future of computing remains open-ended, property management professionals will be satisfied well into the coming years if they choose the right software and servicing agent first, followed by the hardware and operating system.
GMAC Mortgage Company of Pennsylvania will act as record owner of the mortgages and as servicing agent for Fannie Mac.
The referrals are provided from MortgageKeeper's MKDesktop by loan servicing agents and housing counselors.
In just a few seconds, servicing agents and counselors can provide a struggling homeowner with nearby resources that reduce household expenses," said Rochelle Nawrocki Gorey, president of MortgageKeeper Referral Services.
Servicing agents have the ability to transfer customers to sector specialists dependent upon the line of enquiry and a transcript of the 'chat' can be sent out via email.
Working in real-time the servicing agents have the ability to monitor the customers browsing location on the site, and can send URL links, images and downloads to the customer instantly via the chat window, optimising the customer experience.

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