Which aspect of mortgage servicing typically involves handling payments and managing accounts?

The aspect of mortgage servicing that involves handling payments and managing accounts is accurately identified as loan management. Loan management encompasses all the activities related to the ongoing administration of a mortgage, including the collection of monthly payments, managing escrow accounts, tracking delinquencies, and maintaining records. This function ensures that the loan is serviced correctly throughout its duration and helps both the borrower and the lender keep track of payments and account status.

In contrast, underwriting focuses on the evaluation of a borrower's creditworthiness and risk before the loan is approved, making it a critical step prior to loan management. Loan origination refers to the initial process of creating the loan, which includes gathering information and submitting the loan application for approval. Property appraisal is a separate function that involves assessing a property's value to ensure that it meets the lender's requirements and is accurately valued in relation to the loan amount. Thus, loan management is the correct choice as it directly pertains to the continual handling of payments and account oversight after the loan has been originated.