Servicing

2019 HW Tech100 winner: LoanCare

Interact with mortgage company with a smartphone

F1

MyLoanCare mobile allows the customer to interact with their mortgage company with their smartphone.

The overall goal for MyLoanCare mobile is to have a full mortgage subservicing experience available in a mobile application. LoanCare experienced robust F1growth in 2018 with revenues up 29% over 2017 and over 1.17 million loans, totaling over $237 billion serviced. MyLoanCare mobile consistently educates customers about their mortgage including adding pop-up definitions on mortgage terms, organizing data logically for navigation ease and displaying data in a more user-friendly way with visual representations and detailed payment breakdowns.

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U.S. homeowners are using HELOCs to access trillions in home equity amid rising interest rates. Mortgage originators should explore this area with innovative financing solutions like bank statement HELOCs.

3d rendering of a row of luxury townhouses along a street

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