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Texas Real Estate Exam

Category - Vocab

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Which of the following is not part of loan servicing?

Processing payments, sending statements
Managing the escrow account
Handling pay-offs and assumptions
All of the above are part of loan servicing

Explanation

Answer: D - The company you make your loan payments to is servicing your loan by processing payments, sending statements, managing the escrow account, providing collection efforts on delinquent loans, making sure insurance and property taxes are made, handling pay-offs and assumptions, and other services.

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Texas Real Estate Exam

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Texas Real Estate Exam

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