LoanCare appoints chief risk officer

Anshul Aggarwal previously served with Caliber Home Loans

LoanCare appoints chief risk officer

LoanCare has announced the addition of Anshul Aggarwal as senior vice president and chief risk officer to lead the company’s risk management, auditor relations, quality control, and compliance initiatives as well as control risk.

In his new role, Aggarwal will plan and execute within a risk and control framework, conducting comprehensive audits, business analysis, process improvements, and enterprise risk management. LoanCare is a provider of full-service subservicing and interim subservicing to the mortgage industry.

Aggarwal brings more than 15 years of experience in the banking and consumer finance industry. As servicing senior risk officer at Caliber Home Loans, he developed a risk model that was leveraged to build the enterprise risk framework.

Additionally, the company announced the appointment of John Baker as senior vice president of investor accounting, cashiering, and bank reconciliations. He will lead LoanCare's quality assurance processes and compliance with all investor, insurer, client, and LoanCare procedures, requirements, and guidelines.

Baker brings more than 20 years of experience managing investor accounting and reporting, cash processing, and accounting for servicing. Prior to joining LoanCare, he served as vice president of investor reporting and payment administration for LoanDepot.

"LoanCare is excited to have two of the best in the industry join the team. Both John and Anshul have held several senior executive roles in servicing which will support our ongoing effort of strengthening our risk management and accounting processes," LoanCare President Dave Worrall said. "Our team is committed to providing clients and customers with excellent service and assurance that their loans are managed carefully and at the highest level of compliance."