Fee a Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. receives for collecting payments, managing operational procedures, and assuming your portion of credit risk for a Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 , and which may be expressed as a percentage.