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Terry Smith - CEO - Rushmore Loan Management Services, LLP | LinkedIn.
Loan servicing includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up on any delinquencies.
Rushmore Loan Management Service is a debt collection agency in Irvine, California with branch offices in Dallas, Texas and San Juan, Puerto Rico. It was established in 2008, has 1,000 employees, and is managed by its CEO, Terry Smith.
What Is A Loan Modification? A loan modification is a change to the original terms of your mortgage loan. Unlike a refinance, a loan modification doesn't pay off your current mortgage and replace it with a new one. Instead, it directly changes the conditions of your loan.