Correspondent ALERT – Subservicer Update for FHA and VA Programs

Effective for loans purchased on or after August 1, 2024, the subservicer for all FHA and VA loans is now “Arc Home LLC* c/o LoanCare, LLC”.

 

The mortgagee clause and insurance loss payee for LoanCare is:

Arc Home LLC* c/o LoanCare, LLC

ISAOA/ATIMA

P.O. Box 202049

Florence, SC 29502-2049

 

* For AR, FL, IL, MO, TX and WI, lender name is Arc Home Loans LLC; for OR, lender name is Arc Home LLC, a limited liability company of Maryland.

 

 

Important Notes

·         The Client’s Goodbye Letter and First Payment Letter must reflect the servicer information noted above.

·         The Arc Home Delegated Correspondent Client Reference Guide and Non-Delegated Correspondent Client Reference Guide subservicer details for these loan programs have been updated and will be available on the website soon.