141k views
3 votes
A company registered in NY to receive residential mortgage loan payments from a borrower is a

1 Answer

3 votes

Final answer:

A company registered in NY to receive residential mortgage loan payments from a borrower is a mortgage servicer.

Step-by-step explanation:

A company registered in NY to receive residential mortgage loan payments from a borrower is a mortgage servicer. A mortgage servicer is a company that handles the day-to-day management of mortgage loans, including collecting payments, tracking escrow accounts, and handling borrower inquiries.

User Will Parzybok
by
9.2k points