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Quotes of the day:
The GOLD in Golden years was identified by the sight impaired. It is actually Rust!!
Loan servicing refers to the administrative aspects of a loan from the time the proceeds are dispersed to the borrower until the loan is paid off. Loan servicing includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up any delinquencies.
What is LOAN SERVICING? What does LOAN SERVICING mean? LOAN SERVICING meaning & explanation
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