Mortgage servicer definition

Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

Mortgage servicer means a person that, directly or indirectly, services or offers to service mortgage loans.

Mortgage servicer means a person who directly or indirectly services or offers to service residential mortgage loans.

Examples of Mortgage servicer in a sentence

• Mortgage servicer cash advances that meet the conditions of section III.B.3.a.viii.

• Mortgage servicer cash advance means funds that a residential mortgage loan servicer advances to ensure an uninterrupted flow of payments, including advances made to cover foreclosure costs or other expenses to facilitate the timely collection of the loan.

• Mortgage servicer duties.Any mortgage servicer engaged in the mortgage business as defined by G.S. 53-244.030(11)c., in addition to duties imposed by other statutes or at common law, shall do all of the following:(1) Safeguard and account for any money handled for the borrower.(2) Follow reasonable and lawful instructions from the borrower.(3) Act with reasonable skill, care, and diligence.

• Mortgage servicer data alone typically does not include unique borrower identifiers, making it impossible to track borrowers through a refinance, as one loan terminates and a new one originates.

• The beneficiary is enrolled in the Social Security coverage under the Internal Revenue Service Member of Religious Order Code.

More Definitions of Mortgage servicer

Mortgage servicer means an entity that:

Mortgage servicer means the last person to whom a mortgagor or the mortgagor's successor in interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage.

Mortgage servicer means the last person to whom a

Mortgage servicer or “lienholder” also means a subservicing agent to a master servicer by contract.

Mortgage servicer means the last person to whom a mortgagor has been instructed by a mortgagee to send payments for the loan secured by a mortgage. A person transmitting a payoff statement is considered the mortgage servicer for the mortgage described in the payoff statement.

Mortgage servicer means a person engaged in the mortgage business who directly or indirectly engages in the mortgage business as defined in sub-subdivision c. of subdivision (11) of this section.

Mortgage servicer means Centurion Mortgage Services Corporation, a corporation governed by the laws of the Province of Ontario that is engaged for the purposes of servicing mortgage investments of Centurion Apartment REIT that are not serviced by another licensed mortgage administrator.