"LoanCare is a nationally recognized subservicer featuring advanced systems and fulfillment delivered with personalized service."
Background of LoanCare, a division of FNF Servicing, Inc.
FNF Servicing, Inc. is a subsidiary of Fidelity National Financial, Inc. (NYSE:FNF), a publicly traded company with annual revenues in excess of $4 billion anually. FNF has a diversified business model with primary business lines in the area of title insurance and specialty insurance. FNF is the nation's largest title insurance underwriter issuing over 45% of all title policies for residential loan transactions along with a substantial commerical title insurance group.
LoanCare, a division of FNF Servicing, Inc., is a leading national provider of full service subservicing and interim subservicing to the mortgage industry. has offered its expertise and best practices in providing servicing solutions for others since 1991. At the present time, LoanCare subservices approximately 125,000 loans for 90 companies, in 50 states, totaling approximately $15 billion in loan balances. LoanCare is licensed to service in each state required, has a SAS 70 Type II report and is Fitch and Moodys rated.
LoanCare has a seasoned loan servicing team with senior managers averaging over 18 years experience in the mortgage and financial services industry. Subservicing is our core competency, it is not a sideline business or a way to fill excess capacity. Through LoanCare, our clients have access to advanced servicing technology. We utilize the LPS/MSP servicing system, the premier servicing platform in the industry with over 30 million loans on the system. We have wrapped a number of proprietary systems around the core platform.
LoanCare is a member of the Hope Now Alliance and our direct involvement with this organization has enhanced our ability to provide quality workout solutions for our clients and borrowers in need.
LoanCare is focused on client satisfaction and loyalty. Of the 90+ clients currently under contract, 40 have been with LoanCare at least six years and 14 for ten years or more.
LoanCare’s obligation to perform services is specified in a subservicing agreement that generally runs for two years.
Combining strategic, technical, operational and organizational expertise with proven, disciplined approaches, LoanCare builds solutions that gets results. Let us tailor a subservicing program for you.