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LOAN SERVICING
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you obtain a loan, the company you make the payments to is
"servicing" your loan. They process payments, send
statements, manage the escrow/impound account, provide
collection efforts on delinquent loans, ensure that
insurance and property taxes are made on the property,
handle pay-offs and assumptions, and provide a variety of
other services. |
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BACK TO GLOSSARY |
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Simplicity
Mortgage - 6180
E. State Street, Suite #5 - Rockford, IL.
61108
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