HomeTermsCompareFinance Mortgage ServicingThe definition for Mortgage Servicing:Controlling the necessary duties of a mortgagee, such as collecting payments, releasing the lien upon payment in full, foreclosing if in default, and making sure the taxes are paid, insurance is in force, etc. Servicing may be done by the lender or a company acting for the lender, for a servicing fee. Click to compare definitions of Mortgage Servicing Click to view definitions beginning mo |