What is the meaning of loan services?
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.
Hi. It's only my personal opinion but I strongly recommend you to check more information about these lenders in the Philippines right there because it seems to me that it can be useful in case you don't know what to choose and you don't want to make a mistake as well. Hope that it was helpful for you