Definition: The word "mortgage bankers field services" refers to individuals who provide specialized services or support to financial institutions or mortgage lenders in managing their lending operations, such as servicing mortgages, checking loan balances, assisting with due process actions, providing advice on loan modifications, and more. This may include consulting with clients about the terms of a loan or arranging for additional assistance if necessary.
The definition of "mortgage bankers field services" is broad and can be applied to individuals who work in various capacities within a mortgage lending organization, including:
1.
Directors
: These are typically responsible for setting policies and procedures for loan servicing, making decisions about loan modifications, and providing technical support.
2.
Service Centers
: They manage the daily operations of the field services division, including scheduling, billing, and monitoring loan status.
3.
Branch Managers
: They oversee branch offices and ensure that their employees are adhering to the organization's policies and procedures in handling loans.
4.
Client Representatives
: These individuals work with customers to provide advice on various aspects of mortgage servicing, such as property evaluation or financial planning.
Overall, this term encompasses a wide range of roles within a financial institution or mortgage lender that help manage and improve the loan processes while providing exceptional service to their clients.
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