SERVICING FEE
Servicing Fee is a mortgage servicer’s payment taken from the mortgage payment. The borrower compensates the mortgage servicer for the maintenance of record payments, collection and carrying out escrow payments, and the passing of principal and interest payments along to holders. The servicing fee is typically priced between ).25% to 0.5% of the remaining principal balance of the mortgage per month.
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Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
Cost Control
Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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