MORTGAGE SERVICING

By SovConn | June 1, 2013

mortgage servicing.The administration of a mortgage loan, including the collection of payments, release of liens, and payment of property insurance and taxes. • Servicing is usu. performed by the lender or the lender’s agent, for a fee. [Cases: Mortgages 211. C.J.S.

Mortgages §§ 274–276.]

[Blacks Law 8th]

Posted in Law Dictionary Definitions