Finance
A 'mortgage servicer' in Alaska performs which of the following functions?
AOriginates new mortgage loans
BCollects monthly payments, manages escrow accounts, handles delinquencies, and remits funds to the loan owner✓ Correct
CProvides homebuyer counseling
DIssues title insurance policies
Explanation
A mortgage servicer handles the day-to-day administration of a mortgage loan — collecting payments, maintaining escrow accounts for taxes and insurance, handling delinquencies and foreclosures, and remitting principal and interest to the loan investor. The servicer may be the original lender or a separate company.
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