answersLogoWhite

0

Definition of servicing firms

Updated: 9/16/2023
User Avatar

Wiki User

14y ago

Best Answer

service firm - a business that makes its facilities available to others for a fee; achieves economy of scale.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Definition of servicing firms
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is corporate banking its functions?

Banking services for large corporations or firms. This type of banking is designed to deal with major financial transactions that do not generally a definition of financing it is (often unsecured), cash management, and other banking services custom-tailored for large firms. Usually the definition of the business of banking for the purposes of corporate banking, directed at large business entities; private banking


When did Countrywide home loan servicing merge with BAC Home Loans Servicing?

When did they become a part of bankofameerica


Does Countrywide Home Loans Servicing LP still exist?

Countrywide Home Loans Servicing, LP is now BAC Home Loan Servicing, LP and they are still operating out of Simi Valley, CA.


What is the difference between servicing retained and servicing released mortgages?

Servicing retained is when the bank/whereever you originated your loan keeps the right to service you. That means that when (or if) they sell your loan to an investor, say Fannie Mae or Freddie Mac, you can still walk into your bank and hand them the check. Servicing released means that when (or if) your bank sells your loan, you will have to mail your checks to whomever it was sold to. Keep in mind that there is usually a fee involved w/ servicing retained, normally 25 basis points or .25%


How is Green Tree Servicing connected to Bank of America?

Green Tree Servicing is a service company that Bank of America Releases many of it's mortgages to

Related questions

Definition of client servicing?

please send me the definition of CLIENT SERVICING


What is the Definition of allied concern?

allied firms


How do you find services servicing free credit scores?

Firms and companies servicing free credit scores are beneficial to consumers by way of helping them be aware of their financial status. These firms and companies assess our income as well as our capacity to pay based on certain criteria and are very helpful in preventing us to have bad credit scores.


What is the definition of allied concern company?

allied firms


What is the definition of expanding industry?

An industry whose firms earn economic profits and for which an increase in output occurs as new firms enter the industry.


What is the definition of a brokerage firm?

A firm that conducts transactions on the behalf of the client. Brokerage firms derive their profit from commissions. Most brokerage firms must be registered with the SEC.


What is the definition of Indigenous firms?

Indigenous firms are companies set up in their country (if the entrepreneur sets up in their home town). They use the 'nature' surrounding them to supply the factories.


What is the definition of real flow in economics?

The flows of factors of production that go from households through factor markets to firms and of the goods and services that go from firms through goods markets to households.


What are the activities in second line servicing of aircraft?

Second line servicing includes all servicing of air craft components and systems laid down in servicing instructions.


How do you spell servicing?

That is the correct spelling of "servicing" (doing maintenance or repair).


What specialty entities do agency and brokerage firms selling and servicing insurance policies encompass?

The industry offers services to insurance companies and to policyholders, such as independent claims adjusters, information bureaus, pension and retirement planning services, and research organizations


When was Concord Well Servicing created?

Concord Well Servicing was created in 1979.