Finance
A mortgage servicer is responsible for:
AOriginating new mortgage loans
BCollecting monthly payments, maintaining escrow accounts, and managing borrower relations on behalf of the loan owner✓ Correct
CSetting interest rates for mortgage loans
DUnderwriting and approving mortgage applications
Explanation
A mortgage servicer collects monthly mortgage payments, manages escrow accounts for taxes and insurance, handles customer service, processes payoffs, and manages defaults and foreclosures — all on behalf of the loan owner (investor).
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