FULL SUBSERVICING
LOANCARE'S FULL SERVICE SUBSERVICING SOLUTION
LoanCare’s various subservicing programs enable you to be flexible in the secondary market, assisting you to choose the best execution for your loans. You can diversify your exit strategies to include whole loan sales, securitizations and deliveries to the GSEs. As a result of our experience and support of a wide variety of servicing products and services, you can now offer new and different products to your customer base at a time that makes the most sense to you.
LoanCare is proficient at one-time bulk portfolio transfers of existing portfolios and we support the needs of lenders with newly originated flow loan programs.
The main benefits of engaging a subservicer include:
- Lower cost
- Reduced operational and compliance risk
- Access to advanced servicing systems
- The ability to expand your mortgage servicing business without expanding infrastructure
- Enhancing your borrower experience
As part of our full subservicing offering for mortgage companies, LoanCare performs the following functions in compliance with government regulations and investor requirements:
- Loan boarding
- Cashiering and payment processing
- Escrow administration
- Investor reporting
- Customer services
- Default management
- Loan satisfaction processing