HomeDefinitionsCompareDebt Mortgage servicingThe financial definition for Mortgage servicing:The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. Similar MatchesMBS servicingMBS servicingThe requirement that the mortgage servicer maintain payment of the full amount of contractually due principal and interest payments whether or not actually collected. Click to compare definitions of Mortgage servicing Click to view definitions beginning mo |