Special servicer

Special servicer

The term "Special Servicer" refers to companies that have specialized processes in place to deal with loans that require unusual attention, i.e., currently in or about to go into default. Special Servicers can obtain the loans themselves or just the servicing rights to loans. Often, the Pooling and Servicing Agreement (PSA) between the investment pool Trustee and the Master Servicer will define the conditions under which the servicing of a loan or pool of loans will be transferred.


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