1. a person or company that maintains, repairs, or provides regular care for equipment or systems
2. a company that collects payments and manages loans on behalf of the original lender
Usage: finance

Examples

• The air conditioning servicer comes every spring to check our system.
• We hired a computer servicer to fix the network issues.
• The mortgage servicer handles all our monthly payments.
• Our loan servicer sent us a notice about the payment schedule.
• The equipment servicer arrived early to perform routine maintenance.
• The bank sold our mortgage to a different servicer last year.