Usage Examples
Filter by Meaning The sub-servicer is a mortgagee who is responsible for servicing the loan on behalf of the primary mortgagee.
The mortgagee has the right to initiate foreclosure proceedings against the borrower.
The mortgagee can foreclose on the property if the mortgagor fails to make payments.
The mortgagee can repossess the property if the borrower defaults on the loan.
The secondary mortgagee has the right to receive payments on the loan.
The mortgagee may require the borrower to provide additional collateral if the property is deemed to be a high-risk investment.
The mortgagee is not subject to prepayment risk, which is the risk that borrowers will refinance their mortgages at a lower interest rate.
The mortgagee can sell the mortgage to another party.
The mortgagee sent a letter requesting payment on the loan.
The mortgagee filed a claim with the insurance company.
The mortgagee required proof of insurance on the property.
The mortgagee provided a breakdown of the monthly payments.
The mortgagee sold the loan to another financial institution.
The mortgagee offered refinancing options to the borrower.
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