UPDATE 1-Fidelity National to buy another LandAmerica unit

* To buy LoanCare Servicing for $16.3 mln

* Third buy from bankrupt LandAmerica

May 14 (Reuters) - Title Insurer Fidelity National Financial Inc (FNF.N) said it will buy LoanCare Servicing Center Inc for $16.3 million, its third acquisition from bankrupt LandAmerica Financial Group Inc (LFGRQ.PK). LoanCare, a provider of national loan subservicing services, has been a wholly owned subsidiary of LandAmerica, which filed for bankruptcy in November after bigger rival Fidelity National withdrew a $126 million takeover offer.

Jacksonville, Florida-based Fidelity National bought three title insurers in December, two of which were LandAmerica's Commonwealth Land Title Insurance Co and Lawyers Title Insurance Corp.

The acquisition is subject to approval of the court overseeing the LandAmerica Chapter 11 bankruptcy proceedings.

Shares of Fidelity National closed at $15.39 Thursday on the New York Stock Exchange. (Reporting by Amiteshwar Singh in Bangalore; Editing by Anil D'Silva)