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LoanCare Obtains Servicer Rating.
New York -- Fitch Ratings has assigned a primary residential servicer rating of "RPS3-" to LoanCare Servicing Center.
Fitch credited the company's tenured management team and effective loan administration processes and procedures in its rating announcement. Fitch said the rating also reflects the financial strength of LoanCare's parent, LandAmerica Financial Group, which is rated "BBB" by Fitch.
LoanCare is based in Norfolk, Va., and performs third-party servicing for various financial entities throughout the U.S.
The ...
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