Servicer ALL0-9ABCDEFGHIJKLMNOPQRSTUVWXYZ Closing – A meeting between buyer, seller and lender (and their agents) where property and funds legally change hands. Related Articles: Glossary: ServicerTax Deduction Documents For A Home MortgageWhat Is A Mortgage Recast?Alternative Meanings: Servicer An organization that collects principle and interest payments from borrowers and manages borrowers’ escrow accounts. The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market.
