Question: DISCUSSION POINTS1. Discuss the difference between mortgage loan servicing and mortgage loan administration and how this difference impacts the lender.2. Explain the benefits and drawbacks
DISCUSSION POINTS1. Discuss the difference between mortgage loan servicing and mortgage loan administration and how this difference impacts the lender.2. Explain the benefits and drawbacks to a unit form versus a functional form of organization for a loan servicing/administration department.3. What are the various mortgage-servicing strategies implemented by lenders?4. List and explain mortgage-servicing functions and responsibilities. How do refinance waves affect servicing departments (and len
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