Introduction to Mortgage Servicing Training - October 2023

Internal Use Only

Mortgage Servicer

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

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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.

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