A residential mortgage loan servicer typically does which of the following?

A residential mortgage loan servicer primarily focuses on managing the day-to-day operations associated with mortgage loans. This includes handling the receipt of payments, managing escrow accounts, and communicating with borrowers about their loan status. Servicers play a crucial role in ensuring that the terms of the mortgage are properly executed and that all financial aspects are accurately managed.

The correct answer highlights the servicer's core function, which is to directly service or offer to service mortgage loans. This involves not only collecting payments but also managing customer service inquiries and addressing issues that arise during the life of the loan. By fulfilling these responsibilities, servicers maintain the health of the loan portfolio and support borrowers throughout the mortgage process.

In contrast, options like helping borrowers refinance, conducting home inspections, or offering financial planning advice are not typical responsibilities of a loan servicer. Refinancing usually requires different stakeholders, such as lenders or mortgage brokers, while home inspections are typically part of the home buying process rather than servicing. Financial planning advice falls outside the purview of loan servicing, which is specifically focused on the management and administration of mortgage loans rather than broader financial guidance.