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  2. Mortgage lender vs. servicer: What’s the difference? - AOL

    www.aol.com/finance/mortgage-lender-vs-servicer...

    Mortgage lenders fund a home loan, while mortgage servicers handle the ongoing administration of the loan after funding, including repayment and loss mitigation, or payment relief. It’s ...

  3. Loan servicing - Wikipedia

    en.wikipedia.org/wiki/Loan_servicing

    Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...

  4. Select Portfolio Servicing - Wikipedia

    en.wikipedia.org/wiki/Select_Portfolio_Servicing

    Parent. Fairbanks Holding (1989-2004) SPS Holding Corp. (2004-2005) Credit Suisse First Boston (2005-2006) Credit Suisse (since 2006) Website. spservicing .com. Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida .

  5. Mortgage Electronic Registration Systems - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Electronic...

    Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ownership ...

  6. How to read and compare mortgage loan estimates - AOL

    www.aol.com/finance/read-compare-mortgage-loan...

    A mortgage loan estimate is a standard three-page document detailing the estimated costs, structure and other terms of the loan. Mortgage lenders are required by law to provide borrowers with a ...

  7. Why your mortgage gets sold, and what you can do about it

    www.aol.com/finance/why-mortgage-gets-sold...

    Prior to your mortgage being sold, you’ll receive a heads-up about the new servicer. Federal law dictates that you must receive a notice about the change at least 15 days prior to the switch ...

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