Difference between revisions of "Non-Performing Loan Servicer"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 10: | Line 10: | ||
* [[NPL Strategy]] | * [[NPL Strategy]] | ||
* [[Collections]] and Legal Procedures (Enforcement) | * [[Collections]] and Legal Procedures (Enforcement) | ||
| + | |||
| + | == See Also == | ||
| + | * [[List of European Debt Servicers]] | ||
[[Category:NPL]] | [[Category:NPL]] | ||
[[Category:Financial Services Entities]] | [[Category:Financial Services Entities]] | ||
Latest revision as of 12:47, 9 June 2021
Contents
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.
A Servicer is a Legal Person acting on behalf of credit purchasers and managing rights and obligations under a non-performing credit agreement such as payments collection or Renegotiation of the terms of the agreement.
Synonyms
- Special Servicer
Functions
- NPL Strategy
- Collections and Legal Procedures (Enforcement)
