BSI Financial Selects LoanServ from Fiserv to Help Drive Additional Value to its Clients
After being acquired by an investor group in 2006, BSI has evolved as a lender/servicer to become an exclusive service provider and outsourcer to its clients. The company's selection of LoanServ strengthens this business model. Additionally, BSI needed an advanced technology platform to support unprecedented growth due, in part, to a trend toward subservicing and the need for expanded services relating to default management, loss mitigation and due diligence.
"As a subservicer, being able to market a state-of-the-art solution to
our diverse client base had become critical," said
The role of a servicer and how loan servicing is handled continue to change at a rapid pace. Since the company supports clients of all sizes, and services diverse loan portfolios, BSI needed to expand its servicing capabilities. Using LoanServ, BSI can offer its clients highly customizable, private label sub-servicing and interim servicing and a more effective and efficient solution.
"Partnering with BSI is a testament to the breadth and depth of the
LoanServ solution," said
LoanServ is available to help automate all loan servicing processes, including integrated default management and collections, cashiering, escrow and investor accounting for both closed-end and revolving loans. With the LoanServ solution, data transactions are available online, in real-time so lenders don't have to contend with the limitations associated with an end-of-day batch processing cycle.
About BSI Financial
BSI Financial ("BSI") is the premier special servicer handling all types
of loans from non-performing, sub performing, distressed assets, early
payment defaults to performing agency portfolios. As an independent
third party mortgage servicer, BSI provides clients with customized
solutions to maximize the return on their investment by generating the
highest value on their loans, lowering costs and reducing turnaround
time. BSI is an approved servicer with Fannie Mae, Freddie Mac, HUD, VA
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