![]() The cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. “LoanCare’s proven capability to subservice open-ended home equity lines of credit allows our clients to confidently offer this important product to their customers.” “Mortgage lenders are turning over rocks for cross-sell opportunities within their existing portfolios, and we expect home equity lending to grow remarkably in the next few years,” said Dave Worrall, President of LoanCare. Your success is our success, and we work every day toward our common goals. A happy HELOC customer is much more likely to turn to you when it is time for a new home loan or another financial service. The quality service we provide and your customer’s experience with our online tools help retain your customer… your customers. Our superior loan servicing programs work for you and your customers. Ability to service non-property secured lines of credit such as artwork, car, etc.Assistance with line of credit management.Private label checkbooks for customers to access their draws.We provide interim servicing and other capabilities, including: ![]() Specifically, LoanCare can accommodate segmented, fully amortized and interest-only HELOCs. LoanCare has a comprehensive understanding of the unique nuances involved, such as knowing what’s required to appear on monthly statements, ensuring interest calculations are accurate, and setting up the HELOCs correctly when the loans are on-boarded. ![]() Since this type of product requires the consumer to take on more responsibility, it’s essential that they have access to reliable, easy-to-use services that can help them manage their new loan. Providing your customers with suitable HELOC loan servicing solutions is critical to successful lending. Why choose LoanCare?īecause we’ve been servicing mortgage loans and HELOCs for a long time, our experience and economies of scale help your bank or credit union offer HELOCs even if you are new to them. There’s also client relations, investor remittance/reporting, risk mitigation-the list goes on. Compliance: Federal, state, local, and investor regulations. ![]()
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