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What Are Mortgage Service Providers? When an individual takes out a mortgage from a bank to purchase a home, the bank often sells, assigns, or transfers the mortgage to a mortgage service provider to manage. Mortgage service providers then manage the mortgage by sending monthly statements and collecting payments from the home purchaser.
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full-service mortgage company that provides mortgage loan servicing and originations through retail, wholesale, and correspondent channels. As the nation’s fifth largest mortgage provider, licensed in.
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