Functioning and Servicing

noun

• Process or manner of functioning or operating.
  • usage: "the power of its engine determines its operation"; "the plane's operation in high winds"; "they compared the cooking performance of each oven"; "the jet's performance conformed to high standards"
  • synonyms: operation, performance

verb

• Perform as expected when applied.
  • usage: "The washing machine won't go unless it's plugged in"; "Does this old car still run well"; "This old radio doesn't work anymore"
  • synonyms: function, work, operate, go, run
• Serve a purpose, role, or function.
  • usage: "The tree stump serves as a table"; "The female students served as a control group"; "This table would serve very well"; "His freedom served him well"; "The table functions as a desk"
  • synonyms: serve, function
• Perform duties attached to a particular office or place or function.
  • usage: "His wife officiated as his private secretary"
  • synonyms: officiate, function

adjective

• Performing or able to perform its regular function.
  • usage: "a functioning flashlight"

noun

• The act of mating by male animals.
  • usage: "the bull was worth good money in servicing fees"
  • synonyms: service

verb

• Be used by; as of a utility.
  • usage: "The sewage plant served the neighboring communities"; "The garage served to shelter his horses"
  • synonyms: service, serve
• Make fit for use.
  • usage: "service my truck"; "the washing machine needs to be serviced"
  • synonyms: service
• Mate with.
  • usage: "male animals serve the females for breeding purposes"
  • synonyms: serve, service

All the management and operational procedures that the mortgage company handles for the life of the loan, up through foreclosure if necessary, including: collecting the mortgage payments, ensuring that the taxes and insurance charges are paid promptly, and sending an annual report on the mortgage and escrow accounts.