Non-Performing Loan Servicer
From Open Risk Manual
Revision as of 12:21, 9 June 2021 by Wiki admin (talk | contribs)
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)
