Finance
In Wyoming, a loan servicer is the entity that:
AOriginally made the mortgage loan to the borrower
BManages the day-to-day administration of the loan (collecting payments, maintaining escrow accounts, handling delinquencies)✓ Correct
CInsures the loan against default
DAppraises the property for the lender
Explanation
A loan servicer manages the ongoing administration of a mortgage: collecting monthly payments, managing tax and insurance escrow accounts, sending statements, and handling delinquencies and foreclosures. The servicer may be the original lender or a third party that purchased servicing rights.
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