Mortgage subservicer LoanCare has announced its first Chief Revenue Officer and welcomes David Vida to the role. By instituting this new executive role, LoanCare is further advancing its business strategy to support client growth and product expansion by leveraging its partnership, technology, talent, and successful servicing operations.
“David’s extensive background in the mortgage industry makes him perfectly suited to lead our charge to identify new business opportunities,” said Dave Worrall, President of LoanCare. “Placing David at the helm is a strategic move by LoanCare to further our relationships with lender clients and business partners by helping them—along with LoanCare—increase opportunities and drive revenue.”
Vida has more than 30 years of experience in the industry, and most recently served as COO at Weston Portfolio Group. Previously, Vida led Enterprise Sales at Computershare Loan Services, where he focused on growing third-party subservicing clients, expanding servicing of HELOCs and second liens, broadening relationships with existing clients, and improving portfolio retention. Vida also served as President, Chief Strategy Officer for LenderLive Network where he drove the company’s entry into subservicing and correspondent lending.
“I’m excited to use my skills and experience in leading high-performance teams to advance LoanCare’s business development strategies and identify new opportunities to scale the servicing enterprise,” said Vida. “I’m looking forward to creating a collaborative, results-oriented environment that will strengthen client and business partner relationships and increase our revenue pipeline for sustained growth. I am incredibly impressed with the team, platform, technology, and culture at LoanCare and thrilled to be a part of their continued success.”
LoanCare is a provider of full-service mortgage loan subservicing, including special loans, white label, and marketing services. The company’s proprietary portfolio management platform, LoanCare Analytics, identifies risk and opportunity quickly to enable smarter decision-making across the servicing spectrum. For 40 years, LoanCare has been servicing loans for banks, credit unions, independent mortgage companies, and portfolio investors. LoanCare is part of Fidelity National Financial (FNF), a Fortune 500 company, and provider of title insurance and transaction services to real estate and mortgage industries.
LoanCare was recently recognized by Fannie Mae as a 2023 Servicer Total Achievement and Rewards (STAR) Performer in the General Servicing category, LoanCare’s seventh STAR recognition in General Servicing. Awarded to the top performing servicers since 2011, the Fannie Mae STAR Program is based on a continuous improvement model designed to promote servicing knowledge and performance excellence. The 2023 program recognized a total of 32 mortgage servicers for competency, capacity, and overall performance. Servicers are evaluated based upon Fannie Mae’s Servicer Capability Framework (SCF) and are selected to participate in the STAR Program primarily based on total Fannie Mae servicing loan volume and the portfolio composition.
