English to Arabic translations [PRO]
Bus/Financial - Investment / Securities / investment | | English term or phrase: servicer | It is an organization which collects principal and interest payments from borrowers and manages their escrow accounts.
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| | | مُحَصلي / مُقَدمي / مُزويدي الخدمة | Explanation:
The servicer is an organization hired by a lender or secondary market to provide day to day processing functions for the student loan program. Loan servicing includes disbursing loan funds, monitoring loans while borrowers are in school, collecting payments, and assisting borrowers during repayment of their loans.
I hope this help you Sam. Good Luck. |
| Selected response from:
  A Nabil Bouitieh
United Kingdom
Local time: 21:38
| Grading comment Thank you
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14 mins confidence:  
1 hr confidence: peer agreement (net): +2 مدير خدمة الديون
Explanation:
Debt service (خدمة ادين( connotes the payment of loan and principal amounts due in periodic installments. This is someone who manages the collection/payment thereof and keeps and manages an account of collected debt. Sometimes this is done by collection agencies.
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Note added at 1 hr (2006-01-28 23:59:12 GMT)
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The servicer may be authorized to invest collect funds or make payments as agreed between lender and servicer.
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