Difference between revisions of "Loan Servicer"
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== Definition == | == Definition == | ||
| − | '''Loan Servicer'''. A party which is performs the Loan Servicing function. | + | '''Loan Servicer'''. A party which is performs the [[Credit Servicing | Loan Servicing]] function. |
The Loan Servicer may be the original lender or it may be someone else. For instance, if the originating bank is acquired by another party, its loan portfolio may be given to some third party for servicing. | The Loan Servicer may be the original lender or it may be someone else. For instance, if the originating bank is acquired by another party, its loan portfolio may be given to some third party for servicing. | ||
Revision as of 12:23, 9 June 2021
Definition
Loan Servicer. A party which is performs the Loan Servicing function.
The Loan Servicer may be the original lender or it may be someone else. For instance, if the originating bank is acquired by another party, its loan portfolio may be given to some third party for servicing.
See Also
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
