21. State Street could profit from privatization by managing money, but it has greater opportunities as a servicer of accounts. 22. Schenck, 54, will assume the top spot for the nation's fourth-largest servicer of residential mortgages. 23. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of Education. 24. Many times, the additional fees added on create an event of default allowing the mortgage servicer to foreclose on the property. 25. Chemical operated one of the nation's largest bank credit card franchises and was a major originator and servicer of home mortgages. 26. The purchase will make Caremark the nation's largest HMO health care servicer with $ 1 billion in revenues, the company said. 27. BofA will manage $ 77 billion of mortgage loans and rank as the country's seventh-largest mortgage servicer following this deal. 28. In such cases, McCord said, the servicer has no idea what the borrower's original purchase price and down payment was. 29. With NAC, Dime will be the No . 9 mortgage loan originator and No . 21 servicer with a $ 30 billion portfolio. 30. Chase is also the nation's second-largest issuer and servicer of consumer mortgages and the largest independent provider of auto loans.
