A lender (also known at times as a beneficiary) is a person, group of persons, or business entity that has agreed to lend money to a borrower at a specified interest rate. A lender traditionally only will execute loans with borrowers who have property (real estate) that they can pledge as collateral to the loan. Many persons who are not financial institutions choose to become lenders because it is an attractive investment opportunity that provides some degree of security vis-à-vis the property pledged as collateral. Lenders generally are sophisticated investors or groups of investors who contract with loan servicing companies, such as Del Toro Loan Servicing, Inc., to service their loans. Servicing a loan includes collecting monthly payments, forwarding those payments to the lender(s), maintaining impound accounts, and handling regulatory paperwork such as regulatory filings, etc. The Loan Servicing company also serves as a liaison between the borrower and the lender.