LoanCare Unveils Innovative New Servicing Division for Distressed Loans – Velocity Servicing

LoanCare Unveils Innovative New Servicing Division for Distressed Loans – Velocity Servicing

New Division offers “Special Servicing at Scale,” Helping Reduce Financial Losses, and Maximizing Return on Investments

VIRGINIA BEACH, Va., March 16, 2023 /PRNewswire/ — LoanCare, LLC, a top U.S. mortgage subservicer, today announced the launch of Velocity Servicing, an independently managed division dedicated to delivering one-stop resolution for credit sensitive mortgage loans by carefully managing the borrower relationship and providing  transparency into servicing performance.

Utilizing advanced data analytics, Velocity Servicing puts distressed mortgage loans on the path to resolution significantly faster than traditional servicing. By analyzing an intelligent network of triggers, exceptions, and conditions at the loan level, it achieves a consistent return on investment earlier in the process. In addition, the division works with clients on establishing portfolio goals and executing on a loan-by-loan disposition plan. Velocity Servicing can uniquely structure a solution tailored to a homeowner’s situation, helping them understand their options and make decisions at a pace that puts both the homeowner and client at ease.

“At LoanCare, we are always looking for ways to improve portfolio performance and provide the highest level of service,” said Dave Worrall, President of LoanCare. “Velocity Servicing is a major step forward in our commitment to improve asset performance through high-touch servicing while driving a higher ROI for mortgage investors.”

Velocity Servicing offers clients the talent and process rigor proven to address the unique challenges of specialty loan servicing, along with the ability to leverage the scale of LoanCare, including its best-in-class compliance processes, risk management infrastructure, and proprietary data analytics platform which monitors and predicts risk and opportunity across a portfolio. The division has invested in and developed tools specific to this strategy, such as Portfolio Arc, a robust loss mitigation data model.

“The Velocity Servicing team has deep loss mitigation experience along with the expertise and personalized service skills necessary to turn distressed loans into performing assets,” said Matt Stadler, President of Velocity Servicing. “The partnership between Velocity and LoanCare creates a unique offering in the servicing space, delivering our partners better resolution times with significant reduction in losses. Together, we help our clients turn distressed loans into performing loans faster.”

For more information about Velocity Servicing, visit velocity.loancare.com.

About LoanCare
LoanCare is a top national provider of full service, component, and interim mortgage loan subservicing. The company is known for delivering a superior customer experience through personalization and convenience. Its proprietary portfolio management platform, LoanCare Analytics, identifies risk and opportunity quickly to enable smarter decisioning across the servicing spectrum. For over 30 years, LoanCare has been servicing loans for banks, credit unions, independent mortgage companies and portfolio investors. LoanCare is part of Fidelity National Financial (NYSE: FNF), a Fortune 500 company and leading provider of title insurance and transaction services to the real estate and mortgage industries. For more information, visit www.loancare.com. 

SOURCE LoanCare

Originally published at https://www.prnewswire.com/news-releases/loancare-unveils-innovative-new-servicing-division-for-distressed-loans–velocity-servicing-301774125.html

business banners

Latest posts

Irvinei Announces Launch Date for AI-Powered Touch Screen Doorbell

Irvinei Touch Screen DoorBell IRVINE, CALIFORNIA, UNITED STATES, March 28, 2024 /EINPresswire.com/ -- Irvinei, the innovator in smart home technology, is...

Governor Ron DeSantis Makes One Judicial Appointment

TALLAHASSEE, Fla. – Today, Governor Ron DeSantis announces one judicial appointment to the Sixth Judicial Circuit Court.   Benjamin Thomas, of Clearwater, to serve as Judge...

Elevating The College Experience With Style And Comfort

Sweetly Dorm Logo Sweetly Dorm is Making College Life Sweeter, One Dorm Room at a Time BOYNTON BEACH, FLORIDA, USA, March 27,...

JLL Income Property Trust Acquires Luxury Apartment Community in Suburban Portland

CHICAGO, March 14, 2024 /PRNewswire/ -- JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $7 billion...

Breaking Boundaries: Hambone Multicultural Folk Art and Recipes Now Available as NFTs

Hambone NFTs Dive into a Digital Tapestry of Culture and History ORLANDO, FLORIDA, UNITED STATES, March 27, 2024 /EINPresswire.com/ -- Hambone, the...

$525B in Multifamily Loans Will Mature Through 2029, Reports Yardi Matrix

By the end of next year, loans on 6,800 properties totaling nearly $150 billion are set to mature SANTA BARBARA, Calif., March 14, 2024 /PRNewswire/...

Westward Look Resort & Spa Introduces Catalina Riding Club

Westward Look Horseback Riding Westward Look Horseback Sunset Westward Look Horseback Trail Ride Westward Look Resort & Spa Tucson’s Historic Resort Showcases Pristine Trails...
celebrity reality tv