Business, Legal & Accounting Glossary
The process a lending institution goes through for all loans it manages. This involves processing payments, sending statements, managing the escrow/impound account, providing collection services on delinquent loans, ensuring that insurance and property taxes are made on the property, handling pay-offs and assumptions, as well as various other services.
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This glossary post was last updated: 20th November, 2021 | 0 Views.