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Account information: This section typically includes your contact information, the balance left on your loan, your interest rate and when your loan term ends (known as the “maturity date”).
Many times, home insurance will be paid through an escrow account with the mortgage company, so this information can be key. Coverage types and limits: The specific coverage types included in the ...
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Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...
A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. [ 1 ]
Its then CEO, Jeff Eisenshtadt, stayed on and led the company’s continued expansion of services and geographic coverage. Three years later, he became part of a small group of private investors that repurchased the company from Intuit. In 2018, the company rebranded from Title Source to Amrock.