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Fitch Affirms LoanCare’s Servicer Ratings

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.

About Author: Radhika Ojha

Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.

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