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Fitch Ratings has affirmed its residential mortgage-backed securities (RMBS) Servicer Ratings for LoanCare, a ServiceLink company.
For the second consecutive year, LoanCare has received ‘RPS2’ ratings in the primary servicer and specialty subservicer categories, both with a stable outlook. These favorable rankings, according to Fitch, reflect continued systems and facility upgrades, strengthened enterprise risk management control, upgrades to customer self-service functions and effectively managed growth.
“We are proud to receive such high marks from Fitch,” said Dave Worrall, President of LoanCare. “We strive every day to provide a best-in-class and compliant customer experience. It is exciting to see our investment in technology, risk management and operations pay off.”
With nearly $300 billion in subservicing on its platform, LoanCare continues to seek measured expansion of its subservicing and component subservicing businesses through new and existing clients.
LoanCare is a national provider of full-service subservicing, component subservicing and interim subservicing to the mortgage industry. The company's engineering agile technology solutions are customized to provide a superior customer experience. Presently, LoanCare subservices more than 1.5 million loans in all 50 states, approximating $300 billion in loan balances. LoanCare has a seasoned loan subservicing team with senior managers averaging nearly 30 years of experience in the mortgage and financial services industry.
