LoanCare LLC ABOVE AVERAGE Residential Primary And Special Servicer Rankings Affirmed; Outlooks Are Stable

Overview We affirmed our ABOVE AVERAGE rankings on LoanCare as a residential primary and special servicer. The company is primarily a subservicer for various clients in the industry. The rankings reflect LoanCare's experienced management, good internal controls, enhancements made to its automation systems, and servicing statistics that generally compare well with its relevant industry peers. NEW YORK (Standard&Poor's) March 17, 2016--Standard&Poor's Ratings Services today affirmed its ABOVE AVERAGE rankings on LoanCare LLC (LoanCare) as a residential mortgage primary (prime) servicer and as a residential mortgage special servicer. The outlooks are stable for both rankings. Our rankings reflect: Good senior and middle management experience with overall low turnover; A well-designed training program that has experienced some enhancements;

...Overview + We affirmed our ABOVE AVERAGE rankings on LoanCare as a residential primary and special servicer. + The company is primarily a subservicer for various clients in the industry. + The rankings reflect LoanCare's experienced management, good internal controls, enhancements made to its automation systems, and servicing statistics that generally compare well with its relevant industry peers. NEW YORK (Standard & Poor's) March 17, 2016--Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE rankings on LoanCare LLC (LoanCare) as a residential mortgage primary (prime) servicer and as a residential mortgage special servicer. The outlooks are stable for both rankings. Our rankings reflect: + Good senior and middle management experience with overall low turnover; + A well-designed training program that has experienced some enhancements; + Multiple levels of internal controls, including quality control reviews, internal audits, and a Statement on Standards for Attestation Engagements...

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