Servicing Agent | Mortgage Glossary

Definition of "Servicing Agent"

The party who services a loan, who may or may not be the lender who originated it.

Pit or cavity built into the basement of a building to avoid or minimize flooding. It allows for the ...

The rate, usually expressed annually, charged on money borrowed or lent. The interest rate may be va ...

Annuity with no fixed schedule for payment of premiums. For example, premiums can be paid for 10 str ...

Point in time when a term life insurance policy terminates its coverage. ...

Passageway providing public access from a building interior to an exit. Long interior passagewa ...

Federal insurance fund that protects assets in client accounts held by registered securities broker- ...

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews