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  2. Mortgage lender vs. servicer: What’s the difference? - AOL

    www.aol.com/finance/mortgage-lender-vs-servicer...

    The mortgage loan servicer picks up where the mortgage lender leaves off. Once the loan is transferred, the servicer takes over the ongoing administration of the loan. Mortgage servicing can ...

  3. Select Portfolio Servicing - Wikipedia

    en.wikipedia.org/wiki/Select_Portfolio_Servicing

    Parent. Fairbanks Holding (1989-2004) SPS Holding Corp. (2004-2005) Credit Suisse First Boston (2005-2006) Credit Suisse (since 2006) Website. spservicing .com. Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida .

  4. Ocwen - Wikipedia

    en.wikipedia.org/wiki/Ocwen

    Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as " debt collectors, collecting monthly principal and interest from homeowners". Ocwen was founded in 1988 by William Erbey and is headquartered in West Palm Beach, Florida ...

  5. Loan servicing - Wikipedia

    en.wikipedia.org/wiki/Loan_servicing

    Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...

  6. Mortgage lenders vs. banks: Which is best for you? - AOL

    www.aol.com/finance/mortgage-lenders-vs-banks...

    “The use of a specialized lender is a good idea when the homebuyer has atypical loan issues that would make approval for a mortgage loan more challenging,” says David Reischer, a real estate ...

  7. Ditech - Wikipedia

    en.wikipedia.org/wiki/Ditech

    In 1995, John Paul Reddam founded DiTech Funding Corporation (DiTech) in Costa Mesa, California. [3] The company's name was derived from the phrase “direct technology.”. [3] [4] DiTech became one of the first lenders to offer mortgages to the public online and via a toll-free number. [3] In April 1995, Reddam began originating, selling, and ...

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