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SPS is a mortgage servicer, which means we manage your account on behalf of the note holder. FrequentlyAskedQuestions - Select Portfolio Servicing Select Portfolio Servicing ? StaticDetails ? Help Select Portfolio Servicing ? StaticDetails ? Help
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Securitization. Act of pooling mortgages and then selling them as mortgage-backed securities. - Mortgage loans purchased from the primary mortgage market are assembled into pools by a government/quasi-governmental entity or a private investor who operates in the secondary mortgage market. Chapter 1: Mortgage Lending Overview Flashcards - Quizlet quizlet.com ? chapter-1-mortgage-lending-overvi... quizlet.com ? chapter-1-mortgage-lending-overvi...