American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

LandAmerica Enters the Mortgage Subservicing Business With Acquisition of LoanCare Servicing Center

October 29, 2004

Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG), a provider of real estate transaction services, announced its agreement to purchase LoanCare Servicing Center, Inc. (“LoanCare”), the nation’s 10th largest mortgage loan subservicing company.

LandAmerica’s decision to enter the loan subservicing industry, adding another fulfillment option for its growing client base, is a strategic step forward in the Company’s effort to become the premier provider of real estate transaction services.

LoanCare is headquartered in Norfolk, Virginia, and provides the full range of loan administrative services for clients nationwide. LoanCare is an approved servicer with the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, the Federal Housing Administration, the Veterans Administration, several nationwide financial institutions, and a number of private investors. As of September 30, 2004, LoanCare subserviced approximately 45,000 loans for over 100 entities in 50 states and the District of Columbia, with outstanding principal balances of approximately $5 billion.

Gene D. Ross is the President of LoanCare and will continue in that position following the acquisition. “We are pleased to be a part of the LandAmerica family. This is a great opportunity for LoanCare, its clients and loan customers,” Ross said. “We share LandAmerica’s mission of providing Superior Service and joining LandAmerica allows us to offer more products, services, and conveniences. In addition, teaming with LandAmerica means we can serve a more extensive client base.”

“This move is a strategic step toward reaching LandAmerica’s goal of becoming the premier provider of real estate transaction services,” said Charles H. Foster, Jr., Chairman and Chief Executive Officer of LandAmerica Financial Group. "We are excited about having Gene Ross, LoanCare, and its employees join our team.”

Source: LandAmerica Financial Group, Inc

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment