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Servicing
Servicing The collection of mortgage payments from borrowers and related responsibilities of a loan servicer.
RELATED TERMS--------------------------------------
Collection
When a borrower falls behind, the lender contacts them in an effort to bring the loan current.
Mortgage
A legal document pledging property as security for the payment of a loan.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Servicer
An organization that acts on behalf of a trustee for the benefit of security holders.
SIMILAR TERMS--------------------------------------
Servicer
An organization that acts on behalf of a trustee for the benefit of security holders.
Servicing agreement
Signed documentation as to who will service the loan.
Servient tenement
Land on which an easement exists in favor of an adjacent property (called a dominant tenement or estate); also called a servient estate.
PREVIOUS AND NEXT TERMS--------------------------------------
Separate account
A relationship where an investment manager or adviser is retained by a single pension plan sponsor to source real estate product under a stated investment policy exclusively for that sponsor.
Separate property
Under community property law, property owned solely by either spouse before the marriage, acquired by gift or inheritance after the marriage or purchased with separate funds after the marriage.
Septic system
A private sewerage system consisting of a tank, distribution box and leaching field.
Septic Tank
An Underground tank in which sewage from the house is reduced to liquid by bacterial action and drained off.
Servicer
An organization that acts on behalf of a trustee for the benefit of security holders.
Servicing
Servicing agreement
Signed documentation as to who will service the loan.
Servient tenement
Land on which an easement exists in favor of an adjacent property (called a dominant tenement or estate); also called a servient estate.
Set back ordinance
Regulates the distance from the lot line to the point where improvements may be constructed.
Set up sheet
Also know as an "Annual Property Cash Flow Statement." Includes cash flow information about a listed rental property that is passed out to other real estate companies and-or given to prospective buyers.
Setback
The distance from the front or interior property line to the point where a structure can be located.
This dictionary contains 6433 terms. |
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