LoanCare Ready for VA Partial Claim Program Ahead of November 28 Go-Live

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LoanCare announced it has completed the operational, technology and training preparations needed to implement the Department of Veterans Affairs' new Partial Claim Program, making it one of the first subservicers in the industry ready to deliver the home retention solution to eligible veteran borrowers. The program lets veterans in default who qualify work with their mortgage servicer on a three-month trial payment plan; once the trial is completed successfully, the servicer advances the overdue amount, which is reimbursed by the VA, to bring the loan current, and the VA is repaid when the loan is paid in full, refinanced, or the property is sold. LoanCare confirmed its readiness ahead of the program's November 28, 2026, implementation date, saying early adoption gives its clients immediate access to the new loss mitigation program and benefits including new payment relief options for eligible delinquent VA customers, reduced default servicing costs, faster delinquency resolution and improved portfolio performance. Dave Worrall, president of LoanCare, said the program gives eligible veterans another opportunity to overcome financial hardship and remain in their homes, and that the company's readiness reflects its commitment to responding quickly to changing requirements. LoanCare is part of Fidelity National Financial, a Fortune 500 company.

Impact on assets 1

Financials▲ · 1 stocks
Fidelity National Financial Inc
FNF
▲ PositiveRegulationrelevance

Its subsidiary LoanCare is among the first subservicers ready for the VA's new Partial Claim Program, giving clients immediate access to the new loss mitigation program.

Off-coverage companies 1

LoanCare, LLCPrivate▲ Positive
Regulationrelevance

LoanCare completed operational, technology and training preparations to implement the VA's new Partial Claim Program ahead of the November 28 go-live.

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