Fidelity National Financial

LoanCare® Launches New Mobile App

Retrieved on: 
Wednesday, February 21, 2024

VIRGINIA BEACH, Va., Feb. 21, 2024 /PRNewswire/ -- LoanCare®, a top U.S. mortgage subservicer, is making it easier than ever for homeowners to manage their mortgages with the updated, proprietary My LoanCare Go mobile app.

Key Points: 
  • VIRGINIA BEACH, Va., Feb. 21, 2024 /PRNewswire/ -- LoanCare® , a top U.S. mortgage subservicer, is making it easier than ever for homeowners to manage their mortgages with the updated, proprietary My LoanCare Go mobile app.
  • "We are excited about the launch of the My LoanCare Go mobile app, as it is always LoanCare's goal to provide our customers with a seamless user experience that offers robust features and personalized convenience," said Dave Worrall, President of LoanCare.
  • With the new app, users can set up autopay and make secure payments, review monthly statements, manage paperless billing, track loan finances, escrow, taxes, insurance, and more.
  • Customers using the now-retired LoanCare mobile app will need to download the new My LoanCare Go app to access their mortgage account dashboard or sign into their account at myloancare.com.

Fidelity National Financial Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, February 7, 2024

A webcast and conference call to discuss the results will follow at 11:00 a.m. Eastern Time on Thursday, February 22, 2024.

Key Points: 
  • A webcast and conference call to discuss the results will follow at 11:00 a.m. Eastern Time on Thursday, February 22, 2024.
  • Additional information about quarterly financial results, including the earnings release, will be available on the Investor Relations web site at www.fnf.com .
  • The event can be accessed the following ways:
    The conference call replay will be available via webcast through FNF's Investor Relations website at www.fnf.com .
  • The telephone replay will be available from 3:00 p.m. Eastern Time on February 22, 2024, through February 29, 2024, by dialing 1-844-512-2921 (USA) or 1-412-317-6671 (International).

LoanCare® Launches Enhanced, Proprietary Servicing Website

Retrieved on: 
Tuesday, February 6, 2024

VIRGINIA BEACH, Va., Feb. 6, 2024 /PRNewswire/ -- LoanCare®, a top U.S. mortgage subservicer, announced it has introduced a wholly re-imagined, re-engineered, and re-designed version of the myloancare.com website powered by its proprietary software. The new homeowners' website provides a path towards a more consumer-centric tech-driven future through state-of-the-art capabilities designed for quick interactions and intuitive self-service options.

Key Points: 
  • The new homeowners' website provides a path towards a more consumer-centric tech-driven future through state-of-the-art capabilities designed for quick interactions and intuitive self-service options.
  • "This proprietary mortgage management platform was built with analytical insight, authoritative market research, and client collaboration.
  • Website highlights include the ability to communicate with homeowners through their preferred method – text, email, or phone – and language, English or Spanish.
  • LoanCare retains complete control over the website, allowing the company to quickly pivot to meet market dynamics, government programs, regulatory compliance, and servicing updates.

Private Bancorp of America, Inc. Announces Record Net Income and Earnings Per Share for Full Year 2023 with Total Assets of $2.2 Billion

Retrieved on: 
Friday, January 19, 2024

LA JOLLA, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the fourth fiscal quarter ended December 31, 2023. The Company reported net income of $7.9 million, or $1.36 per diluted share, for the fourth quarter of 2023, which represents a 5.6% increase from $7.4 million, or $1.31 per diluted share, for the fourth quarter of 2022. For the fiscal year ended December 31, 2023, the Company reported record net income of $40.9 million (GAAP basis), or $33.6 million(1) (as adjusted), and record diluted earnings per share of $7.11 (GAAP basis), or $5.85(1) (as adjusted).

Key Points: 
  • The spot rate for total deposits was 2.49% as of December 31, 2023, compared to 2.18% at December 31, 2022.
  • (1) A reconciliation of net income to adjusted net income and diluted earnings per share to adjusted earnings per share is provided on page 15.
  • The Company continues to have strong credit metrics and its nonperforming assets are 0.23% of total assets as of December 31, 2023.
  • At both December 31, 2023 and September 30, 2023, there are no doubtful credits and classified assets were $11.0 million.

FundingShield Q4 2023 Fraud Analytics Show Record High Risk for Wire & Title Fraud

Retrieved on: 
Tuesday, January 23, 2024

Wire and title fraud risk reached all time highs for Q4 2023.

Key Points: 
  • Wire and title fraud risk reached all time highs for Q4 2023.
  • During Q4 2023 51.8% percent of transactions on a $61bn portfolio had issues leading to a risk of wire & title fraud.
  • Analytics Q4 vs Q3 2023:
    CPL Validations, agent good standing, issuance limits or title file order registered in title insurer systems had a 35.85% increase Q4 vs Q3 2023.
  • Increasing Fraud and Cyber Security Risk in the Market:
    As reported by FundingShield, the trend of 2022 vs 2023 showed increases in risk and fraud across the board of all risk categories.

F&G Annuities & Life Announces $250 Million Investment From Fidelity National Financial

Retrieved on: 
Tuesday, January 16, 2024

DES MOINES, Iowa, Jan. 16, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G or the Company") today announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. ("FNF").

Key Points: 
  • DES MOINES, Iowa, Jan. 16, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G or the Company") today announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. ("FNF").
  • F&G intends to use net proceeds from the investment to support the growth of its insurance company subsidiaries.
  • Under the terms of the agreement, FNF has agreed to invest $250 million in exchange for 5,000,000 shares of F&G's 6.875% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (the "Mandatory Convertible Preferred Stock").
  • Each share of Mandatory Convertible Preferred Stock will have a liquidation preference of $50.00 per share.

AM Best Upgrades Credit Ratings of Fidelity & Guaranty Life Holdings, Inc. and Its Life/Health Subsidiaries

Retrieved on: 
Friday, January 12, 2024

These subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGLH) (Delaware), are referred to collectively as Fidelity & Guaranty Life Group (FGL).

Key Points: 
  • These subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGLH) (Delaware), are referred to collectively as Fidelity & Guaranty Life Group (FGL).
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Console & Associates, P.C.: Fidelity National Financial Reports Data Breach Exposing Confidential Information of 1.3 Million Consumers

Retrieved on: 
Thursday, January 11, 2024

On January 9, 2023, Fidelity National Financial filed a notice with the Securities and Exchange Commission describing a data breach affecting consumers nationwide.

Key Points: 
  • On January 9, 2023, Fidelity National Financial filed a notice with the Securities and Exchange Commission describing a data breach affecting consumers nationwide.
  • What Should You Do if You Receive a Fidelity National Financial Data Breach Letter?
  • Individuals who receive a data breach letter from Fidelity National Financial should take steps to protect themselves.
  • Additionally, victims should consider contacting a data breach attorney immediately, as anyone who receives a data breach letter from Fidelity National Financial may be entitled to financial compensation.

Lynch Carpenter Investigates Claims in LoanCare Data Breach

Retrieved on: 
Wednesday, December 27, 2023

The information potentially impacted in the data breach includes individuals’ names, addresses, Social Security numbers, and loan numbers.

Key Points: 
  • The information potentially impacted in the data breach includes individuals’ names, addresses, Social Security numbers, and loan numbers.
  • Lynch Carpenter, LLP is investigating claims against LoanCare and Fidelity related to this data breach.
  • If you received a data breach notification from LoanCare and/or Fidelity, you may be entitled to compensation.
  • If you have received a notification from LoanCare and/or Fidelity that your information was impacted, please call Patrick Donathen at (412) 322-9243, email him at [email protected] , or fill out our contact form at www.lynchcarpenter.com/contact .

Console & Associates, P.C.: LoanCare Reports Data Breach Exposing the Social Security Numbers of Over 1.3m Consumers

Retrieved on: 
Tuesday, December 26, 2023

MARLTON, N.J., Dec. 26, 2023 /PRNewswire/ -- The sensitive personal data of 1,316,938 consumers has been compromised. Now, victims' names, addresses, Social Security numbers, and loan numbers may be in the hands of criminals, putting victims at a greater risk of identity theft and other frauds.

Key Points: 
  • MARLTON, N.J., Dec. 26, 2023 /PRNewswire/ -- The sensitive personal data of 1,316,938 consumers has been compromised.
  • On December 20, 2023, LoanCare filed a notice with the Attorney General of Maine describing a data breach affecting consumers nationwide.
  • Individuals who receive a data breach letter from LoanCare should take steps to protect themselves.
  • Additionally, victims should consider contacting a data breach attorney immediately, as anyone who receives a data breach letter from LoanCare may be entitled to financial compensation.