laenuhaldusteenust
Laenuhaldusteenus, often translated as loan servicing, is the administrative process involved in managing a loan after it has been issued. This service typically encompasses a range of activities essential for the lifecycle of a loan, from origination to final repayment. Key functions include collecting monthly payments from borrowers, processing these payments, and disbursing them to the appropriate parties, such as investors or lenders.
Beyond payment collection, laenuhaldusteenus often involves managing escrow accounts for taxes and insurance, particularly for mortgages.
In cases where borrowers face financial difficulties, loan servicers play a crucial role in managing delinquencies