Ever wonder why your mortgage payment sometimes goes to a different company than the one that approved your loan? In this week’s Two-Minute Tuesday, I break down the difference between a mortgage lender and a mortgage servicer in plain English. Understanding these roles can save you confusion and help you navigate your homebuying journey with confidence.

Here’s what you’ll learn:
What a mortgage lender does and why they’re responsible for your loan approval
What a mortgage servicer does, from collecting payments to managing escrow
Why your loan might get “sold” or transferred and what that means for you
How knowing the difference can make you a more informed homebuyer

Whether you’re a first-time homebuyer or just curious about how mortgages really work, this video gives a clear, practical explanation so you can make smarter decisions and avoid surprises!

Have questions about lenders, servicers, or your own mortgage? Drop them in the comments—I’d love to hear from you. Don’t forget to like this video, subscribe, and hit the bell so you never miss a Two-Minute Tuesday episode.

Timestamps :

0:00 – Why Payments Go to Different Companies
1:21 – Mortgage Servicer Explained
1:38 – When Your Loan Gets Transferred
2:00 – Simple Real-World Example
2:43 – Who to Contact for Issues
3:05 – Why This Difference Matters
3:49 – Tips
3:59 – California Real Estate Help

#mortgagelender #MortgageServicer #homebuyingadvice #realestateeducation #mortgageprocess

Alex Schult CA DRE License # 02236174 KW Spectrum Properties
📲 Text: 949-726-2601
📧 Email: aschult@kw.com

DISCLAIMER:
This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.

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