Finance
In Montana, a 'mortgage servicer' is the entity that:
AOriginates the mortgage loan and determines qualification
BCollects monthly payments, maintains escrow accounts, and manages the day-to-day administration of the loan on behalf of the loan owner✓ Correct
CProvides mortgage insurance for the lender
DAppraised the property for the lender
Explanation
A mortgage servicer handles the ongoing administration of a loan: collecting monthly payments, managing escrow accounts for taxes and insurance, applying payments to principal and interest, and handling borrower inquiries—often separate from the loan owner.
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