BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Freedom
Mortgage Corporation, a Mount Laurel, N.J.-based residential
mortgage lender, has selected the LoanServ™ platform to expand its
in-house mortgage servicing capabilities and enhance the customer
experience. Freedom Mortgage will convert its existing loan servicing
portfolio to LoanServ to offer real-time servicing, and deploy the
LoanLink self-service web portal to enable its borrower customers to
access and update their loan information online.
LoanServ from Fiserv provides Freedom Mortgage with the scalability and
functionality to achieve greater processing effectiveness, minimize
risk, manage client expectations and grow its mortgage business. It will
enable the company to service its mortgage loans in-house and acquire
new portfolios at a more rapid pace.
"In Fiserv, we found a technology partner with the services and products
that meets our needs," said Carla Wise, executive vice president at
Freedom Mortgage. "The LoanServ and LoanLink solutions will help us
achieve our growth goals, while delivering exceptional service and a
high level of customer satisfaction."
LoanServ will handle all point-in-time and real-time reporting with
flexible fee structures and payment options based on how borrowers
manage their mortgage payments. Freedom Mortgage can implement automated
loan boarding for processing single or bulk transactions, and use the
integrated platform for loan servicing processes, payment collections
and default management.
"Freedom Mortgage has a nationwide presence as a full-service lender
that delivers outstanding customer service," said Kevin Collins,
president, Lending Solutions, Fiserv. "Our LoanServ and LoanLink
solutions will provide Freedom Mortgage with the robust in-house
servicing technology needed to support its goals of becoming a national
leader in the mortgage arena."
LoanLink is one of the newest LoanServ options, and allows clients to
quickly roll out self-service websites that pull account information
directly from the LoanServ system in real-time and enable consumers to
access their accounts with 24/7 convenience.
LoanServ is an integrated solution that consolidates support for all
retail loan products on a single platform, including mortgages, home
equity loans and lines of credit, personal loans and lines of credit,
closed-end and revolving installment loans and indirect financing. It
integrates all loan servicing processes and automates payment
processing, collections, default management, cashiering, escrow, and
investor accounting.
Additional Resources:
About Freedom Mortgage Corporation
Freedom Mortgage Corporation is a national, full service mortgage banker
with retail, wholesale, correspondent and commercial origination and
servicing operations. The company is licensed in all 50 states, DC and
Puerto Rico. Freedom Mortgage maintains an A rating with the Better
Business Bureau and is known for using the most advanced technologies
and providing world-class service to its clients, borrowers and
partners. The company was founded in 1990 and is headquartered in Mount
Laurel, New Jersey. For more information, please visit www.FreedomMortgage.com.
About Fiserv
This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership
in financial services technology. As one of FORTUNE® magazine's
World's Most Admired Companies, Fiserv is helping clients worldwide
achieve best-in-class results by driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Media Relations:
Karissa Bursch
Public Relations
Specialist
Fiserv, Inc.
678-375-4603
karissa.bursch@fiserv.com
or
Additional
Contact:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
678-375-4039
ann.cave@fiserv.com
Source: Fiserv, Inc.
News Provided by Acquire Media