Mortgage servicing platform

A mortgage servicing platform is a digital system used by lenders or specialized companies to manage ongoing tasks related to home loans. It handles activities like collecting monthly payments, calculating and applying escrow for taxes and insurance, managing borrower communication, processing payments, and addressing borrower inquiries or issues. Essentially, it streamlines the day-to-day administration of mortgage accounts, ensuring accurate records, timely payments, and regulatory compliance. This platform helps keep the loan service efficient, transparent, and responsive for both lenders and borrowers.