Existing Servicing Retained Portfolios

If you have an existing loan portfolio serviced in-house either for yourselves or investors consider outsourcing the servicing to LoanCare.  The main benefits of engaging LoanCare subservicing for this purpose are:

1.  Lower Cost - LoanCare has the capacity to handle any size portfolio and can pass on the cost benefits that come with economies of scale.

2.  Transfer of Risk - Many of the operational and compliance risks associated with loan servicing can be transferred to LoanCare. No longer will you need to worry about timely payment of real estate taxes or insurance premium payments.  We will make all the ARM changes and will timely manage all default management events, filing of lien satisfaction documents and year end reporting.  We will comply with all applicable federal, state and local laws regulating servicing, particularly RESPA, Gramm/Leach/Bliley, the Homeowners Protection Act, IRS requirements, Patriot Act, FACT Act and more.

3.   Immediate Access to Advanced Servicing Systems - You can take advantage of our state-of-the-art loan servicing platform without lead time or developmental expense.  Through LoanCare, you can now expand the number of loan types you service and gain improved reporting capability. We will provide you with enhanced consumer services by offering your borrowers greater access to loan information through LoanCare's proprietary web-based customer service system, MyLoanCare, with more options to make their payments (auto debit, pay-by-phone, bi-weekly program, payments in branches) and many other features.

4.  Expand Your Mortgage Servicing Business Without Expanding Infrastructure - no need to acquire more space, people, hardware, software, etc., to grow your servicing retained business.  You can now redeploy internal resources and reduce management focus on back office issues.

LoanCare is fully approved to service Fannie Mae, Freddie Mac, Ginnie Mae and Federal Home Loan Bank loans. We are also an approved FHA and VA servicer. LoanCare can also help Private Investors by applying a full service subservicing program, featuring a more aggressive collection campaign to include more calls earlier in the month, for credit-challenged borrowers.