LoanCare Approved to Service eNotes

VIRGINIA BEACH, Va., Oct. 9, 2018 /PRNewswire/ -- LoanCare, a ServiceLink company, announced that Freddie Mac has approved LoanCare as the first subservicer to begin servicing eNotes through its own eVault.

LoanCare continues to be a leader of technology and innovative subservicing solutions. The company recently announced the addition of eVault capabilities to its existing suite of subservicing offerings. The solution allows for the servicing of eMortgages by providing eNote storage, efficient integration of event reporting to MERS® eRegistry and reporting associated with the eNote activities.

"We believe that Freddie Mac's approval has officially positioned LoanCare as the industry's leader for eMortgages. We continue to invest in our technology and leverage our expertise in the industry to shape the future of subservicing," said Dave Worrall, President of LoanCare. "We continue to expand the servicing products we offer to our clients and provide them with market differentiators."

Additionally, LoanCare has created a "standard" eNote solution that is being utilized to support its current and potential clients' needs around eNotes; however, LoanCare can tailor a solution to fit clients' needs. The solution allows clients to cut costs, operate more efficiently and save time when transferring or selling their eNote loan to Freddie Mac.

eDeliveries may be received in LoanCare's eVault and transfers of control and/or location may be transferred to Freddie Mac from LoanCare's eVault. Meanwhile, LoanCare will monitor for events in the portfolio which require reporting and perform the updates needed in its eVault to drive the updates to MERS® eRegistry.

About LoanCare, a ServiceLink Company

LoanCare, a ServiceLink company, is one of the top three providers of full service subservicing and interim subservicing to the mortgage industry and is also leading the industry in engineering agile technology solutions to provide a superior consumer experience. Presently, LoanCare subservices more than 1.34 million loans in all 50 states, approximating $231 billion in loan balances. LoanCare has a seasoned loan servicing team with senior managers averaging nearly 30 years of experience in the mortgage and financial services industry. To learn more about subservicing of e-notes, please reach out to LoanCare's Sales team at salessupport@loancare.net. To learn more about LoanCare, please visit https://www.loancareservicing.com/.

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SOURCE LoanCare, a ServiceLink company