Introduction to Mortgage Origination Examinations Training eBook
Internal Use Only
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.
Internal Use Only
Mortgage Servicer
Mortgage Servicing Rights (MSRs)
Lenders may retain or sell MSRs into the market
Master servicer may service loan, or contract out to a sub-servicer
MSR Owner must advance funds: • To investors, in case of borrower default • To insurers and tax assessors, if escrow account underfunded Moderate to High Risk
Made with FlippingBook flipbook maker