Glossary entry

English term or phrase:

loan servicing agent

Portuguese translation:

corretor de serviço da dívida (ou do empréstimo)

Added to glossary by Diana Coada (X)
Nov 24, 2010 14:55
13 yrs ago
3 viewers *
English term

loan servicing agent

English to Portuguese Bus/Financial Finance (general)
Sellers must have the underwriting and monitoring capabilities necessary to effectively service individual loans. If not, they must either build internal systems or outsource to appropriate loan servicing agents.

Proposed translations

4 mins
Selected

corretor de serviço da dívida (ou do empréstimo)

Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type of loan and the terms negotiated between the firm and the investor seeking their services.
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