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Glossary of Terms > L > Loan Servicing

Loan Servicing

After you obtain a loan, the company you make the payments to is "servicing" your loan. The mortgage company processes payments, sends you your statements, manages the escrow, provides collection efforts on delinquent accounts, ensures that insurance and property taxes are made on the property, and so on and so forth.

L Terms

Lease

Lease Option

Liabilities

Lien

Life Cap

Line of Credit

Liquid Assets

Lis Pendens

Listing Price

Loan

Loan Officer

Loan Origination

Loan Servicing

Loan-to-Value Ratio

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