Introduction to Mortgage Servicing Examinations Training - March 2023

Mortgage Servicer

Sub-Servicer • Does servicing on behalf of master servicer • Receives monthly fixed per-loan fee

Mortgage Servicer Servicers must advance funds • To investors, in case of borrower default • To insurers and tax assessors, if escrow account underfunded Moderate to High Risk Sub-servicers don’t have those risks.