Finance
What is a 'mortgage servicer' and how does it differ from the original lender in Idaho?
AThey are always the same entity
BThe mortgage servicer handles day-to-day loan administration (collecting payments, managing escrow accounts) and may be different from the lender who originated the loan✓ Correct
CThe servicer owns the loan; the lender only originates it
DServicers only handle delinquent loans
Explanation
After origination, many Idaho mortgages are sold on the secondary market. The servicer handles payment collection, escrow management, customer service, and default management. The servicer may be a different company from the original lender.
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