Exam term

Servicing

Collecting loan payments and administering the account. Loan ownership and servicing can be separated, and a loan sale does not change the note's terms.

Lessons that use this term

Sources of financing: primary and secondary mortgage markets California
The mortgage market, the money supply, and federal regulatory bodies Florida
Government-backed loans, SONYMA, and the secondary market New York
Methods and sources of financing: mortgage and seller financing, primary and secondary markets Texas