servicer

English

Etymology

service +‎ -er

Noun

servicer (plural servicers)

1. (law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement
   • 2002, Frank J. Fabozzi, The Handbook of Financial Instruments‎^[1], page 373:

     The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.