Primary Mortgage Servicer Law and Legal Definition
A primary mortgage servicer is the one who is responsible for payment collection, cash management, escrow administration, and loan reporting to mortgage-backed securities’ trustees and certificate holders. Some of the functions of a primary mortgage servicer shall be delegated to a sub-servicer.
Legal Definition list
- Primary Mode of Action
- Primary Meeting
- Primary Market
- Primary Management Official
- Primary Loan Servicing Programs [Agriculture]
- Primary Mortgage Servicer
- Primary National Subdivision of Federal Labor Relations Agency
- Primary Product from Gas [Internal Revenue]
- Primary Product from Oil [Internal Revenue]
- Primary Provider
- Primary Qualifying Agent