Definition of "servicer" [servicer]

• One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement (noun)

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• "She adds that "borrowers are receiving so many conflicting messages," and that "working with your servicer is the most important thing you can do.""
• ""Not all mortgage loans are eligible for HAMP, and a participating servicer is not required to modify every HAMP-eligible loan," Bank of America's lawyers argued in August in response to a lawsuit in Arizona."
• "Those employees can intervene on behalf of the Treasury if the servicer is breaking the program's rules, they said."