Difference between revisions of "Non-Performing Loan Servicer"
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== Definition == | == Definition == | ||
A '''Non-Performing Loan Servicer''' is a specialized financial services entity that engages in certain stages of the [[Non-Performing Loan]] [[NPL Life Cycle | lifecycle]]. The primary objective of the [[Servicer]] is to collect payments and manage the non-performing credit assets on behalf of the entity that originated (or last held) these assets. | A '''Non-Performing Loan Servicer''' is a specialized financial services entity that engages in certain stages of the [[Non-Performing Loan]] [[NPL Life Cycle | lifecycle]]. The primary objective of the [[Servicer]] is to collect payments and manage the non-performing credit assets on behalf of the entity that originated (or last held) these assets. | ||
| + | |||
| + | == Synonyms == | ||
| + | * Special Servicer | ||
== Functions == | == Functions == | ||
Revision as of 12:21, 9 June 2021
Definition
A Non-Performing Loan Servicer is a specialized financial services entity that engages in certain stages of the Non-Performing Loan lifecycle. The primary objective of the Servicer is to collect payments and manage the non-performing credit assets on behalf of the entity that originated (or last held) these assets.
Synonyms
- Special Servicer
Functions
- NPL Strategy
- Collections and Legal Procedures (Enforcement)
