Finance
A mortgage servicer in Tennessee is the entity that:
AOriginally makes the loan to the borrower
BCollects monthly payments, maintains escrow accounts, and handles loan administration✓ Correct
CInsures the loan against default
DOwns the loan in the secondary market
Explanation
A mortgage servicer manages the day-to-day administration of a mortgage loan on behalf of the lender or investor who owns the loan. Servicer responsibilities include collecting payments, managing escrow accounts for taxes and insurance, and handling delinquencies and foreclosures.
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