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2. 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 ...

3. 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 ...

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. What is a mortgagee clause? - AOL

   www.aol.com/finance/mortgagee-clause-190100413.html

   The mortgage (or deed of trust). This is the document that serves as security for the loan. It conveys the property to the mortgagor (lender) as collateral for the debt.

7. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Key takeaways. A mortgage is a long-term loan from a financial institution that helps you purchase a home, with the home itself serving as collateral. Mortgage payments typically consist of ...