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Loan servicing agent: Difference between revisions
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{{a|contract|}}{{Loan service agent capsule}} | {{a|contract|}}{{Loan service agent capsule}} | ||
An unglamorous role; part of the pluming of the financial system for which the agent is paid a mere annuity, and with respect to which the agent, therefore, accepts as little risk as it can. Agency documentation, as is common for [[trust and agency professional|trust and agency service providers]] tend to be needlessly convoluted and, rather like [[legal opinion]]s, spend most of their length specifying in aggravating and usually outrageous detail every contingency for which the agent is ''not'' responsible, and many of life’s vicissitudes the agent might sustain for which the lenders and borrowers ''are''. | An unglamorous role; part of the pluming of the financial system for which the agent is paid a mere annuity, and with respect to which the agent, therefore, accepts as little risk as it can. Agency documentation, as is common for [[trust and agency professional|trust and agency service providers]] tend to be needlessly convoluted and, rather like [[legal opinion]]s, spend most of their length specifying in aggravating and usually outrageous detail every contingency for which the agent is ''not'' responsible, and many of life’s vicissitudes the agent might sustain for which the lenders and borrowers ''are''. | ||