Loan service is the administration of a debt from the time the proceeds are distributed to the borrower until the loan is paid off. Sending monthly payment statements, collecting monthly payments, keeping records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting monies to the note holder, and following up on any delinquencies are all part of loan servicing.
Contact jivn finance services for the quickest and easiest loan sanction process with documentary services.
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