What does mortgage administration entail?

Mortgage administration primarily involves the management and oversight of mortgages on behalf of lenders or investors. This process includes handling all aspects of the mortgage after the origination, such as collecting payments, managing escrow accounts, handling loan modifications, and ensuring compliance with regulatory requirements. By administering mortgages, organizations ensure that the borrowers adhere to the terms of the loan while simultaneously safeguarding the financial interests of the investors.

In this context, evaluating mortgage rates, providing financial advice, and facilitating home inspections, while related to the broader real estate and mortgage field, do not encompass the core responsibilities of mortgage administration itself. Evaluating rates is typically part of loan origination or market analysis, whereas offering financial advice often falls under the responsibilities of financial advisors or mortgage brokers. Home inspections are a separate activity that is crucial for property assessments but are not part of administering the mortgage following its approval.