servicer

English

Etymology

service +‎ -er

Noun

servicer (plural servicers)

  1. (law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement
    • 2002, Frank J. Fabozzi, The Handbook of Financial Instruments‎, page 373:
      The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.
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