Fidelity Subservicing Unit Touts Growth

Virginia Beach-based ServiceLink LoanCare Servicing, a division of a wholly-owned subsidiary to Fidelity National Financial (FNF), touted recent company growth on Wednesday. In a press statement, the firm said it has added 150 jobs and 10,000 square feet in the past 18 months. The company did not disclose if it had added new clients during that time. Company officials cited growth across all aspects of their business, but in particular noted that a call center now handles 150,000 calls per month. The company expects to see continued job growth throughout 2011 “in anticipation of signing new clients in need of loan servicing administration,” it said. ServiceLink LoanCare Servicing is also seeing significant growth in its seller finance division, the company said. Currently, the company services seller finance accounts in Arizona, Oregon, Washington, and California with offices in Arizona, Oregon, Washington, and Virginia Beach. Since the start of this year, the company has more than doubled the seller finance accounts it services to over 16,000. The servicer manages approximately 135,000 loans for over 80 companies, totaling approximately $20 billion in loan balances. This story was prepared by HW wire staff. To contact the editor: [email protected]

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