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What Are Mortgage Lenders and Mortgage Servicers?

Mortgage lenders and mortgage servicers are two of the most important players in the world of home loans. Lenders and servicers are responsible for providing financing to borrowers, as well as managing existing home loan accounts. It's important to understand the difference between a lender and servicer, so you can make an informed decision when it comes time to apply for a loan or refinance an existing one.

Mortgage lenders are companies that provide mortgages to borrowers, either through a bank or other financial institution. They originate loans by evaluating prospective borrowers' credit-worthiness and income levels before agreeing on terms such as interest rates and repayment schedules. Once approved, the lender issues funds directly to the borrower in order to purchase or refinance real estate.

On the other hand, mortgage servicers manage existing mortgages after they have been originated by lenders.

oThe Law Offices of Omar Zambrano has helped thousands of people and businesses on the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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