What is a mortgage servicer?

A mortgage servicer is a financial institution that is responsible for collecting payments from borrowers and managing the day-to-day operations of home loans in the state of Florida. They are basically the middle-man between the lender and the borrower, making sure that all payments are processed correctly and on time. A mortgage servicer also handles loan modifications, loan payments, loan defaults, and other related services. They are responsible for making sure that the loan is in good standing and up-to-date. They may also be responsible for sending out delinquency notices, working with customers who are behind on their payments, and helping to arrange loan refinancing. In some cases, they, may also deal with foreclosure proceedings. In general, mortgage servicers are an important part of the real estate law process in Florida as they help provide support and guidance to borrowers to ensure that they are able to meet their financial obligations.

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What is a mortgage servicer?

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