BROOKFIELD, Wis.--(BUSINESS WIRE)--
CUNA GAC, Booth #338 - Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Richland, Wash.-based HAPO
Community Credit Union (HAPO), with 1.2 billion in assets and over
109,000 members, has increased its loan origination and processing with
the Velocity™ loan origination solution from Fiserv.
Velocity
from Fiserv supports consumer, business, home equity and indirect loans
all on the same platform, and integrates all of the essential system
components required for lending success, including loan origination,
decision support tools, workflow software and image capture
capabilities. An enhanced version of Velocity, Velocity 3.0, is
currently in beta testing and will include improved system
administration capabilities and improved data mapping of forms and
standardized interfaces.
"HAPO has built a reputation for making good loans to good people and
the Velocity platform has given us greater control in offering a smooth,
efficient lending process to our members," said Scott Mitchell, Chief
Lending Officer at HAPO. "We use the system to support multiple loan
types, such as boats, RVs, secured lines of credit and dealer direct
auto financing. The customizable workflow tools allow our staff to
tailor the processes that work best for our organization. We're also
looking forward to deploying Velocity 3.0, which will provide the
foundation for additional self-service options in our lending operation."
"Credit union employees often have to wear many hats, and HAPO is
committed to delivering exemplary service to its members across each of
those experiences. With Velocity, HAPO has been able to provide superior
member convenience by eliminating manual steps throughout the
origination process using just one system to support a wide range of
loan types," said Kevin Collins, president, Lending Solutions, Fiserv.
"Velocity has the capabilities credit unions such as HAPO need as they
adjust to the current loan origination landscape."
Velocity is a pre-configured solution with comprehensive features
designed for small and mid-tier credit unions and community banks
seeking to grow their business. Velocity simplifies and expedites loan
closing and provides greater control over business operations by
integrating with numerous account processing systems and an extensive
array of third-party applications.
HAPO uses the DataSafe® account processing solution from
Fiserv. With the addition of Velocity, HAPO can book new loans directly
within DataSafe from Velocity without re-keying any information.
Additional Resources:
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, 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:
Wade Coleman
Director, Public
Relations
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com
or
Additional
Contact:
Karissa Bursch
Public Relations Specialist
Fiserv,
Inc.
678-375-4603
karissa.bursch@fiserv.com
Source: Fiserv, Inc.
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