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Definition of servicer

servicer

/ˈsɝːvɪsɚ/
ser · vic · er
Adverb:serviceably
•
Plural:servicers
•
Adjective:serviceable
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servicer Lexical Profile

servicer Game Scores & Validity

• noun

1

A financial institution or company that administers a loan or mortgage by collecting principal and interest payments from borrowers, managing escrow accounts, and distributing funds to the lender or investor.

Example

"The borrower contacted the loan servicer to discuss options for refinancing the mortgage."

2

A person or business that performs routine maintenance, inspection, or repair work on machinery, vehicles, or equipment.

Example

"An authorized servicer inspected the commercial heating unit before the winter season began."

Synonyms
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Antonyms
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• Nearby Words

serviceably
serviceberry
serviceman
servicer
servicewoman
serviette
servile

Cite this Entry

Wordmom. (2026). Definition of Servicer. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/servicer
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