When a homeowner decides to pursue a home american indian loan company modification they have to go through their investor. The investor is the responsible party for financing their home purchase, in other words they have put up the money to cover a borrower's purchase of the home. In the mortgage industry mortgage notes are acquired in large block of purchase. Investors then sells their house notes, or they outsource it to a service company. An investor tends to modify a Home loan quicker than a mortgage servicer.

The investor could be the mortgage company, the bank, a private investor, or several private investors. A loan servicer is not hired by the investor, but they contract with the investor to take over handling the day to day servicing of the home loan for a fee for each loan they service for the investor. The loan servicer handles everything on a loan including collecting on past due payments or missed payments, customer services, work out any disputes with the loan itself, loan modifications, among other duties. However, a mortgage servicer does not approve a loan modification on a mortgage loan without consulting with the investor that owns the note. The mortgage investor makes the final decision on modifying any mortgage loan.

A servicer will take a bit longer when it comes to getting a loan modification approved; because they have to be given access to modify a mortgage by the mortgage investor before they can grant the borrower a mortgage loan modification. When a borrower tries to reach their lender when they have a servicer it can be an issue, because the investor pays the servicing company to service the mortgage loan. So the investor is not expecting to be fielding questions from individual borrowers. An investor that has a servicer does not want to be bothered with the daily activities of servicing their no credit check monthly installment loans, they have already contracted with a servicer to service the direct lender online loans bad credit. Regardless, a homeowner can get mortgage help through either their mortgage servicer or their mortgage company.