Difference between revisions of "Loan Servicer"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
| − | '''Loan Servicer'''. A party which is performs the [[Credit Servicing | Loan Servicing]] function. | + | '''Loan Servicer'''. A party which is performs the [[Credit Servicing | Loan Servicing]] function. Credit Servicing functions are distinct from [[Credit Referencing]] and [[Credit Rating]] activities. |
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. | ||
| Line 6: | Line 6: | ||
== Synonyms == | == Synonyms == | ||
* Credit Servicer | * Credit Servicer | ||
| + | * Debt Servicer | ||
== See Also == | == See Also == | ||
Revision as of 12:46, 9 June 2021
Contents
Definition
Loan Servicer. A party which is performs the Loan Servicing function. Credit Servicing functions are distinct from Credit Referencing and Credit Rating activities.
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.
Synonyms
- Credit Servicer
- Debt Servicer
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.
