Special Servicing

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January 1, 1 6 min read Definitions

Special Servicing Default Loans Loan Servicing Mortgage Real Estate Lending Loan Workout Collections

Special Servicing refers to a specialized department within a lender’s organization tasked with managing loans that are in default or are at risk of default. The primary objective is to resolve the issues, either through collection strategies or by reworking the loans to bring them back into good standing.