Virginia Beach, Virginia (PRWEB) February 29, 2016
LoanCare, a ServiceLink company, today commented on Fitch Ratings affirmation of the company’s primary servicer and specialty sub-servicer ratings at 'RPS2-' with a stable outlook.
Fitch cites LoanCare’s “effective growth strategy, experienced senior management, adequate enterprise-wide risk management framework, [and] continued investment in systems and technology.” The ratings also reflect the financial strength of LoanCare’s ultimate parent company, Fidelity National Financial, Inc.
“We are extremely pleased that Fitch has affirmed our ratings,” said Dave Worrall, president of LoanCare. “We invest heavily in our team and technology to ensure we provide a best-in-class experience for consumers and clients. We were proud to showcase our capabilities to Fitch.”
Fitch’s announcement also acknowledges the addition of Dave Worrall as president of LoanCare. Worrall joined the company in January 2016 and has held various executive positions in the loan servicing industry throughout the last 20 years, most recently as president of RoundPoint Mortgage Servicing in Charlotte, N.C. He intends to continue to refine LoanCare’s operations and further develop the company’s component servicing business.
“LoanCare has reinvented component servicing,” said Worrall. “Our solution integrates into a client’s process without a loan transfer, minimizing disruptions, improving the consumer experience.”
About LoanCare, a ServiceLink company
LoanCare, a ServiceLink company, is a leading national provider of full service subservicing and interim subservicing to the mortgage industry and has offered its expertise and best practices in providing servicing solutions for others since 1991. At the present time, LoanCare subservices approximately 600,000 loans in 50 states, totaling $112 billion in loan balances. LoanCare has a seasoned loan servicing team with senior managers averaging over 28 years of experience in the mortgage and financial services industry. For more information about LoanCare, please visit http://www.loancareservicing.com.