"Multiple servicers" refers to the situation where there are several companies or individuals responsible for providing services or taking care of a particular task or function. Full definition
If you have multiple student loans with multiple servicers, keeping track of them can be a nightmare. (sofi.com)
Recovered $ 1.5 million in purchase funds by performing cash reconciliation of multiple servicers. (livecareer.com)
It can be a pain to make multiple loan payments every month or to contact multiple servicers when you have questions about or issues with your loans. (studentloanhero.com)