Servicing Fee is the ongoing fee the loan servicer charges for collecting payments, managing escrow, generating statements, and reporting. For investor loans, servicing is often handled by the lender directly or by a contracted servicer; the fee is typically baked into the rate rather than billed separately. When a loan transfers to a third-party servicer post-close, borrowers should verify the servicer''s contact info, online portal access, and ACH setup within 30 days to avoid missed-payment risk.
Costs & Fees