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LoanComplete recognized among top lending innovations of 2013
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Automated solution standardizes workflow process to ensure
completeness and accuracy of loan file data and documents
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Loan file process automation improves data and document quality,
reduces defects and helps ensure regulatory and policy compliance
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that the Progress
in Lending Association has named LoanComplete™
from Fiserv as one of six 2014 Innovations Award winners.
LoanComplete is a patent-pending technology solution that ensures
lending process efficiencies and regulatory compliance.
The Progress in Lending Innovations Award recognized innovations that
were introduced into the mortgage market between January and December
2013. Members of the Progress in Lending executive team judged each
innovation on a weighted scale based on the innovation's overall
industry significance, originality, the positive change it made
possible, intangible efficiencies gained as a result of the innovation,
and the hard cost and time savings it enabled lending industry
participants to achieve.
"As the lending market begins to recover, firms will be challenged to
adjust their traditional operating models to address the rising costs of
reforms, processing costs and volume fluctuations, and the impact of
these costs on profitable growth," said Jay Coomes, vice president of
product and strategy, Enterprise Content Management, Fiserv.
"LoanComplete solves these current problems and also addresses process
adjustments required due to reforms that will continue to reshape the
lending landscape. We are pleased that the Progress in Lending
Association has recognized the need for automation of the loan
completion process and the contribution that LoanComplete has made to
the industry in that regard."
By automating manual processes and providing quality review for each
loan file, LoanComplete enhances efficiency, saving lenders time and
money. It is the only solution available today that provides loan
origination and servicing organizations with end-to-end quality control
automation and reduces issues at each phase of processing.
LoanComplete from Fiserv is a secure, PCI compliant solution providing
users with servicing automation, transfer automation, audit details and
on-going analytical reports to support borrower and investor needs. The
solution helps document compliance and streamlines loan portfolio
management processes, supporting the ability of lenders to conform to
new regulatory mandates.
Additional Resources:
About the Progress in Lending Association
The Progress in Lending Association was formed to provide thought
leadership to lending professionals about how to create process
efficiencies through a combination of sound business strategies and
technology. The association and the ideas generated within it aim to
help lenders provide a more trusted and transparent process for both
consumers and investors, leading to a better overall experience for all
parties involved.
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:
Julie Nixon
Senior Public Relations
Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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