Tag: specialized loan servicing platforms

Specialized loan servicing refers to the management and administration of non-performing or distressed loans, which require specialized expertise and processes due to their unique nature and complexities. Unlike traditional loan servicing, which primarily focuses on collecting payments and managing performing loans, specialized loan servicing involves working with borrowers who are facing financial difficulties or are…

Specialized loan servicing refers to the management and administration of specific types of loans that require unique expertise, processes, and regulatory compliance. Unlike traditional loan servicing, which focuses on more general consumer loans, specialized loan servicers handle complex loan products with distinct characteristics and servicing requirements. Specialized loan servicing encompasses various loan types, including: Mortgage…