Interim Subservicing

Many of the operational risks associated with loan servicing exist in servicing retained programs, yet these risks also exist for a short time in servicing released programs.  LoanCare specializes in Interim Subservicing.

Benefits to Seller/Client:

• Lower cost to manage service released process
• Reduce operational and compliance risk
• Reduce first payment defaults
• Provide smooth transfer for borrowers
• Add flexibility to sales process allowing better execution in the secondary market
• Complete year end reporting included
• Simple fee structure covering all services

Interim Subservicing Program

LoanCare's Interim Subservicing program is designed to manage the servicing issues for the entire process: before the loan is sold, while the loan is held pending sale, and after the loan is sold.  LoanCare will load the loan into our servicing system, service it for as long as it remains unsold and when it is time, coordinate the release to the permanent investor.