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  Loan Servicing Definition
Loan Servicing When you make your mortgage payments each month, the company you pay is the company that services your loan. This company will process your monthly payments, send you your monthly mortgage statements and will handle your escrow account and pay the expenses out of the account. If your loan is sold, the company servicing your loan may change and you will start sending your payments to a different company.
   
   
   


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