Definition: Mortgage keeper, or mortgage manager, is a person or organization responsible for maintaining the loan payment status on loans they are managing, including those for home mortgages and other types of mortgage loans. The term "mortgage keeper" generally refers to someone who manages or oversees the process of making payments on mortgage loans. This could involve handling aspects such as the collection and remittance of fees, making monthly statements, contacting lenders to update information, and providing assistance with any questions or concerns related to loan payment status. In some cases, a mortgage manager may also be involved in negotiations with creditors and other parties involved in managing the loan. They are typically responsible for ensuring that all applicable legal requirements are met, such as filing taxes on your home and complying with various lending guidelines. The term "mortgage keeper" is not widely used as part of a standard definition or terminology. However, it can be used to identify someone who is involved in managing or overseeing the process of paying off mortgages.
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