Mortgage Banking

Servicing
Servicing generally refers to the regular maintenance and routine repairs to equipment. In finance, servicing encompasses the act of billing, collecting payments, and filing reports on a loan. This process is crucial for maintaining the operational and financial stability of both physical assets and financial instruments.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.