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  • B&FS-Assign No 02 (Snehal)

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    Somnath Khandagale
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    B&FS-Assign.no.02(Snehal)

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    7 views3 pages

    B&FS-Assign No 02 (Snehal)

    Uploaded by

    Somnath Khandagale

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 3
    \Banking products 2 Services) == _Assiqnment No-02 ; Iota Inon_fromn_the time the pinceede dire dicpereal to the J [oan loan spate sco iegl = / ee arvicing refers to the administrative _acpeck ‘borrower until the [nan is poid_off. Loan _serviclna, includes sgondina monthty payment statement lecting “monthly payment, maintaining records nF paymnente land balances collecting and paying faves _and _imeuraince lnernitting funds 40 the note holder and falloval ng ty Naan servicing tan be cattie ba r he lony delingueneiecs Specictlizing in loan servicing or a Uilrd party nd r [far the lending inchibutinn loan _servicr'na, may alco rebeve ln the horrowér's obligaHian +n make “timely poymend of pincipal and inferect ona loan _as_a way to Imdiniatn creditwonrthineds uaith lendere and credit ran llageneieo.. i Loan servicing ode Heditinnally een ot a core. Function held within hanke. Banks istued the orginal loan, so ite made sense that they twouild bo yeeponsible for i Ihondting the admirigaHon of the loan. That waa Hl pread —_securritizal Hon of |ndn. So bhonaed the naire of banking and finance in geneal. lone tons. and morigageo in partcular - were repackage into _securives and

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