How does the Loan Servicing Work?

The method, by which the sub-servicing firms or the mortgage banks collect the interest payments and principals timely from the borrowers, is called loan servicing. The levels of services will vary depending on the kind of loan as well as the terms and conditions that have been negotiated between the investor seeking services and the firm that will provide those services.

The expertise:

The field of loan servicing is a specialised profession. It requires proven processes, systems, and the experienced professionals who will understand your exact business needs. The following services are provided by most of the loan servicing companies:

* They manage portfolios.
* Modified collection services.
* Secured investments.
* Sub Servicing.
* Primary Servicing.
* Foreclosure Services.
* Mortgage Fund Servicing.
* Bankruptcy Relief.
* Buy/ Sell Loans.
 

Some companies also provide services regarding various loan types. Some of them are:

* Residential loans.
* Commercial Real Estate Loans.
* Consumer Real Estate.
* Different kinds of personal loans.
* Small business loans.
* They also provide structured settlements as well as other facilities.

Visit FCI Lender Services , we offer two Loan Servicing platforms (Standard Loan Servicing and  Specialty Loan Servicing) designed to fulfill the varied needs of our clients. Visit www.trustfci.com to get started.