Loan Servicer

A loan servicer is a company that manages your loan payments on behalf of the lender. They handle tasks like collecting monthly payments, maintaining account records, providing statements, and assisting with questions or issues. Essentially, they act as the ongoing point of contact for your loan, ensuring payments are processed correctly and helping you stay on track with repayment. You might not interact directly with the original lender after the loan is issued, but your loan servicer is the organization responsible for managing your account daily.