Virginia Beach, Virginia (PRWEB) July 22, 2016
LoanCare, a ServiceLink company, today announced that Moody’s has affirmed its Servicer Quality (SQ) assessment at SQ2- as a Primary Servicer of Prime/Alt-A residential mortgage loans and SQ3+ as a Special Servicer of residential mortgage loans.
Moody’s attributed the affirmations to LoanCare’s “above average collection abilities, above average loss mitigation results, above average foreclosure and timeline management, above average loan administration and average servicer stability.” Moody’s previously upgraded LoanCare in March 2015, advancing the Special Servicer rating from SQ3 to SQ3+.
“We are pleased that LoanCare has been acknowledged through another rating agency affirmation,” said Dave Worrall, president of LoanCare. “We are the best option in the industry for private-label prime servicing. Being recognized for our capabilities in default further demonstrates the breadth of LoanCare’s servicing expertise.”
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 $115 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, please visit http://www.loancareservicing.com/.
Media Contact: Leanna Anderson, 412.776.2220, leanna.anderson(at)svclnk(dot)com