Mortgage Administration
/ˈmɔːrɡɪdʒ ædmɪnɪˈstreɪʃən/
Definitions
- (n.) The process of managing and servicing mortgage loans, including collection of payments, record keeping, and enforcement of loan terms.
The mortgage administration department ensures timely collection of monthly payments from borrowers.
Related terms
See also
Commentary
Mortgage administration focuses on the operational aspects of managing existing mortgage loans, distinct from origination or underwriting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.