Mortgage servicing companies

Mortgage servicing companies manage the day-to-day tasks involved in your mortgage loan. They handle collecting monthly payments, managing escrow accounts for taxes and insurance, providing customer service, and ensuring compliance with loan terms. Essentially, they act as the intermediary between the borrower and the lender, making sure payments are received and correctly allocated. They do not typically lend the money; instead, they oversee the ongoing management of your mortgage throughout its life.