Fitch Ratings has assigned LoanCare Servicing Center Inc., Virginia Beach, Va., an RPS3-plus residential subservicer rating for prime loans.In addition, Fitch affirmed the company's RPS3 residential primary servicer rating for prime loans. "The subservicer rating is based on the company's client branding technology, interim servicing, and loan boarding and new loan set-up expertise," Fitch said. "Both the subservicer and primary servicer ratings reflect the company's effective loan administration procedures and established formal training programs as well as the financial strength of LoanCare's parent, LandAmerica Financial Group, which is rated BBB with a Stable Outlook by Fitch." Fitch rates residential servicers on a scale of 1 to 5, with 1 being the highest rating. The rating agency can be found online at http://www.fitchratings.com.

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