Loan servicing lenders receive fees for collecting payments from theborrower on behalf of the loan originator or subsequent noteholder. Aloan servicer collects payments from borrowers, subtracts fees, and sendsthe balance of the money to investors who own the loans. The servicer isin charge of collecting payments, handling escrows for taxes andinsurance, making payments to the mortgage investor, and administering aloan after it has been made.
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