Virginia Beach, Virginia (PRWEB) March 31, 2016
LoanCare, a ServiceLink company, today announced it has received an Above Average rating as a residential mortgage primary servicer and as a residential mortgage special servicer from Standard & Poor’s Ratings Services. The outlook is stable for both rankings.
According to Standard & Poor’s Ratings Services, the rankings reflect, among other items, the experience of LoanCare’s management, low turnover, well-designed training programs, well-written policies and procedures, and sound technology environment.
The report states: “LoanCare operates in a well-controlled environment that incorporates multiple levels of operational oversight, including quality control reviews, internal audits and a separate SSAE 16 exam, to help identify and expediently resolve any servicing issues. Its training regimen properly acquaints staff with their servicing responsibilities through various mediums.”
“We are pleased that LoanCare has been acknowledged with an Above Average rating as a residential primary and special servicer from Standard & Poor’s,” said Dave Worrall, president of LoanCare. “As one of the nation’s leading mortgage servicers, positive ratings actions reflect on our investments in the customer experience and our compliance management system.”
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.
Media Contact: Leanna Anderson, 412.776.2220, leanna.anderson(at)svclnk(dot)com