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Third-Party Loan Servicer: A Lender’s Complete Guide
For lenders, managing the day-to-day tasks of a loan portfolio can become a significant operational challenge. This is where a third-party loan servicer steps in. These specialized companies handle a wide range of functions, from processing payments to managing borrower communications and compliance. Understanding how to work with a third-party loan servicer is key for…
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Specialty Loan Servicing: A Complete Lender’s Guide
When a loan starts to present challenges, it moves beyond standard servicing. This is where specialty loan servicing comes into play. It’s a more hands-on approach designed for loans that are performing but need extra attention, or those that have become sub-performing or non-performing. Lenders often turn to specialty servicers to manage these complex situations,…
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Special Servicing vs Primary Servicing: Key Differences
When a loan runs into trouble, it often gets handed off. This article looks at the two main players involved in managing loans: the primary servicer and the special servicer. We’ll break down what each one does, why loans move between them, and what makes them different. Understanding the special servicing vs primary servicing distinction…
FCI Lender Services, Inc.
Loan Servicing Programs for Lenders of any size.