Real-time, single servicing platform streamlines loan acquisition,
secure document exchange and investor reporting requirements
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, enhanced LoanServ™, which provides comprehensive
servicing with one workforce, one workflow, and one customer-centric
approach to loan servicers of all sizes, to support the technology needs
of servicers poised for growth in 2017.
"Aging technology, spread across disparate lending verticals, is driving
up the cost of servicing," said Bret Leech, president, Lending
Solutions, Fiserv. "Add to that market pressures and regulatory
requirements and growth can be a real challenge for servicers. Our
continued investment in LoanServ results in fewer operational
limitations, which manages cost and enables growth for our clients while
providing a better borrower experience."
Enhancements to LoanServ, an online, real-time solution, include the
introduction of Loan Boarding, improved loss mitigation management and
adherence to Fannie Mae investor reporting requirements. Loan Boarding
reduces the time it takes - minutes instead of days - to acquire
performing and defaulted loans, helping servicers grow their portfolios
quickly and efficiently, therefore, improving the ability of servicers
to bid on a portfolio they must board rapidly.
Improved default management capabilities are designed to enhance
communication with attorneys, including secure document exchanges, plus
loss mitigation decision-making that streamlines processes to reduce
risk. On February 1st, LoanServ rolled out the Fannie Mae
investor reporting requirements for all clients. The adaptive rules
engine for investor management in LoanServ allowed changes to be made
quickly, so the focus was on helping clients plan the transition to
daily reporting well ahead of the effective implementation date set by
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today — financial services at the speed of life. Learn more at Fiserv.com.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine World's Most
Admired Companies® for four consecutive years, ranking first in its
category for innovation in 2016 and 2017. For more information, visit Fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170324005338/en/
Elizabeth McMillan, APR
Manager, Public Relations
Source: Fiserv, Inc.
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