Is LoanCare and Newrez the same company

Is LoanCare and Newrez the Same Company? A Comprehensive Guide

Are you wondering if LoanCare and Newrez are the same company? It’s a common question, as both organizations offer a variety of services related to loan servicing, loan origination, and other financial services. The answer is actually a bit complicated, as both LoanCare and Newrez have distinct business models and lines of service. In this comprehensive guide, we’ll explain the differences between LoanCare and Newrez, so you can better understand how each organization works.

What is LoanCare?

LoanCare is a loan servicing company that offers services for residential mortgage loans, home equity loans, and commercial loans. The company is a subsidiary of ServiceLink, which is itself a subsidiary of Fidelity National Financial, Inc. (FNF). LoanCare has been in business since 1992 and provides loan servicing for a variety of lenders, including banks, credit unions, and mortgage companies. LoanCare’s services include loan origination, loan servicing, escrow administration, and default management. The company is headquartered in Virginia Beach, Virginia, and has offices and operations in all 50 states.

What is Newrez?

Newrez is a technology-focused loan origination platform that offers a variety of services to lenders, including loan origination, loan servicing, and post-closing solutions. The company was founded in 2017 and is headquartered in Birmingham, Alabama. The company also has offices in Texas and California. Newrez works with a variety of lenders, including banks, credit unions, and mortgage companies. The company’s services include loan origination, loan servicing, post-closing support, and default management.

Are LoanCare and Newrez the Same Company?

No, LoanCare and Newrez are not the same company. While both organizations offer services related to loan servicing and loan origination, they have different business models and lines of service. LoanCare is a loan servicing company that provides services for residential mortgage loans, home equity loans, and commercial loans. Newrez is a technology-focused loan origination platform that offers services to lenders, including loan origination, loan servicing, and post-closing solutions. 

Conclusion

LoanCare and Newrez are not the same company. LoanCare is a loan servicing company that provides services for residential mortgage loans, home equity loans, and commercial loans. Newrez is a technology-focused loan origination platform that offers services to lenders, including loan origination, loan servicing, and post-closing solutions. Both organizations offer a variety of services related to loan servicing and loan origination, but they have different business models and lines of service. Understanding the differences between LoanCare and Newrez can help you make an informed decision when it comes to choosing a loan servicing or loan origination provider.