Usually means: Entity managing loan repayment process.
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We found 11 dictionaries that define the word servicer:

General (6 matching dictionaries)
  1. servicer: Merriam-Webster
  2. servicer: Oxford Learner's Dictionaries
  3. servicer: Collins English Dictionary
  4. Servicer, servicer: Wordnik
  5. servicer: Wiktionary
  6. servicer: Dictionary.com

Art (1 matching dictionary)
  1. Glossary of Stamp Collecting Terms (No longer online)

Business (4 matching dictionaries)
  1. servicer: Merriam-Webster Legal Dictionary
  2. INVESTORWORDS (No longer online)
  3. MonsterMoving Mortgage Glossary (No longer online)
  4. Real Estate and Mortgage Glossary (No longer online)

(Note: See service as well.)

Definitions from Wiktionary (servicer)

noun:  (law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement

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