Finance
In Missouri, 'mortgage servicing' refers to:
AProcessing mortgage applications
BCollecting monthly payments, managing escrow accounts, handling delinquencies, and communicating with borrowers after loan origination✓ Correct
CAppraising collateral property
DOriginating new mortgage loans
Explanation
Mortgage servicing includes all post-origination functions: collecting payments, managing tax and insurance escrow accounts, processing payoffs, handling delinquencies and defaults, and borrower communications. Servicers are often different entities from the loan originator or current owner.
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