Definition of «loan servicing»

Loan servicing refers to the management and administration of a loan after it has been granted. This includes tasks such as collecting borrower payments, maintaining loan records, and communicating with borrowers about their loans.

Sentences with «loan servicing»

  • So if the largest student loan servicing company in the nation isn't concerned with helping those with student loan debt, then who can these borrowers rely on? (studentloans.net)
  • This effort is meant ensure that student loan borrowers are protected from practices by student loan servicing companies during the repayment process that can lead to deeper debt. (higherednotdebt.org)
  • The more prepared you are, the better Star Loan Services will be able to help guide you in the right direction. (starloanservices.com)
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