Full Service Subservicing

 

  "Take advantage of the many benefits of owning servicing rights without the need to build infrastructure."

 

 

 

Full Service Subservicing

Overview:

For financial institutions in need of total servicing support, LoanCare is a full service subservicer. We are a nationally recognized servicing source for companies with limited servicing capability. 

Loan Types:  

  • 1st & 2nd mortgages
  • HELOC (open ended)
  • FHA/VA
  • Commercial
  • Manufactured Housing
  • Bridge loans
  • Biweekly
  • Daily Simple Interest Loans
  • Interest Only
  • Payment Option ARMs
  • Consumer loans
Loans With Varying Degrees of Delinquency:
  • Non-performing Agency loans
  • Alt-A loans
  • Subprime loans
  • Scratch and dent loans

 LoanCare Will Provide The Following End-to-End Servicing Functions: 

  • Loan boarding
  • Escrow administration
  • Cashiering
  • Payment processing
  • Investor reporting
  • Customer/Member services
  • Default Management including: collections, loss mitigation, monitoring foreclosures and bankruptcies
  • Loan satisfaction processing. 

Component Subservicing:

In addition to full service subservicing, we also offer you the ability to "unbundle" our menu of services so you can choose and pay for only those services on the menu you actually need, including:

  • LoanCare will perform front end servicing (customer service, escrow adminstration, investor reporting, early stage collections), while you perform the back end functions (late stage collections, loss mitigation, foreclosure and bankruptcy monitoring).
  • You perform the front end servicing functions, while LoanCare will do the back end work (see our component loss mitigation program).