Just so, is NewRez and LoanCare the same company? Cenlar is a privately held thrift that doesn’t take deposits from the public and has grown to dominate the niche over the past two decades. LoanCare is owned by mortgage industry vendor ServiceLink, which provides a host of services to both lenders and servicers.
Consequently, is NewRez a mortgage company?
NewRez LLC is a national mortgage lender headquartered in Fort Washington, Pa., near Philadelphia. … It was founded in 2008 under the name New Penn Financial, and rebranded in early 2019.
Similarly one may ask, who owns LoanCare mortgage?
Fidelity National Financial
Did NewRez buy Ditech?
(NYSE: NRZ, “New Residential”, the “Company”), a leading provider of capital and services to the mortgage and financial services industries, announced today that it has completed its acquisition of select assets from Ditech Holding Corporation and Ditech Financial LLC (collectively “Ditech”).
Who is the CEO of NewRez mortgage?
Jack Navarro
Is Shellpoint NewRez?
Customer Care Line: 1-800-365-7107
Shellpoint Mortgage Servicing is proud to be a part of the NewRez Family of Companies.
Who is LoanCare?
LoanCare, LLC, is a nationally recognized leader in full-service subservicing to the mortgage industry. We have been offering our expertise and best practices in providing servicing solutions for others since 1991.
Is LoanCare a real company?
Headquartered in Virginia Beach, Virginia, with a second operation in Jacksonville, Florida, LoanCare is among the three largest subservicers in the industry.
Is NewRez backed by Fannie Mae?
The firm has over 150 locations nationwide, lends in 49 states (plus D.C.), and is an approved lender and servicer by Fannie Mae, Freddie Mac, and HUD. More information is available at www.newrez.com.
Is LoanCare a debt collector?
Loancare, which also does business as The Money Source and Arc Home Loans, is a mortgage broker and debt collection agency located in Virginia Beach, Florida. It was founded in 1983, has 664 employees on staff, and is managed by Dave Worrall, its President.
Why does my mortgage keep getting sold?
In hopes of a quicker profit, lenders will often sell the loan. If servicing a loan costs more than the money it brings in, lenders may attempt to sell the servicing of it to lower their costs. The lender may also sell the loan itself to free up money in order to make more loans.
Does LoanCare do refinance?
LoanCare will work with mortgage companies with limited servicing capability who own or are considering acquiring seriously delinquent portfolios. Upon direction from a mortgage company client, LoanCare will deploy liquidation initiatives such as short refinances, short sales, deed-in-lieu or foreclosure strategies.