BROOKFIELD, Wis., May 10, 2006 (BUSINESS WIRE) -- Fiserv Lending Solutions, a business unit of Fiserv, Inc. (Nasdaq:FISV), announced that Marriott Vacation Club International is now using the Fiserv UniFi(R) PRO loan origination solution to automate its vacation ownership lending operations. This implementation follows the company's successful deployment of the Fiserv loan servicing platform MortgageServ(R) in February 2005.

Marriott Vacation Club International's ownership resorts are located in many of the world's most popular vacation destinations. Headquartered in Orlando, Fla., the company has servicing offices located in Lakeland, Fla., Salt Lake City, Utah, and Cork, Ireland, performing life-of-loan management.

Marriott Vacation Club International's positive implementation and operational experience with MortgageServ opened the door to due diligence on UniFi PRO. One of UniFi PRO's chief selling points is the capability to customize screens and workflows. Using UniFi PRO's built-in PowerTools, Marriott Vacation Club International created unique screen configurations that precisely match the nuances of vacation ownership lending.

"We are committed to providing excellent customer service," said Ed Kinney, vice president of corporate affairs for Marriott Vacation Club International. "That means keeping all the processes related to vacation ownership convenient for our domestic and international clients."

Fiserv Lending Solutions technology products work to support the unique business needs of the vacation club. On the loan production side, UniFi PRO is able to quickly close loans to provide a positive experience for vacation owners. MortgageServ provides streamlined payment processing and multicurrency support for the global company.

For Fiserv Lending Solutions, Marriott Vacation Club International's decision to use both MortgageServ and UniFi PRO provides confirmation of its technology direction and system conversion methodology.

"Marriott Vacation Club International's back-to-back deployment of UniFi PRO and MortgageServ is testimony to the systems' flexible technology and Fiserv Lending Solutions' ability to expertly manage system implementations," said Ed McWilliams, Fiserv Lending Solutions' senior vice president. "The best praise of our platforms and professionalism comes in the form of orders for more of our products and services. Fiserv offers a full array of products so that we can truly be a single-source provider to the lending industry."

UniFi PRO is a "next-generation" enterprise lending solution that blends innovative, Web-centric technology with proven business logic. With its service oriented architecture, highly configurable decision-making and workflow capabilities and complete integration to a wide range of services and business systems, UniFi PRO offers lenders the tools to achieve a fully automated, end-to-end mortgage processing environment. MortgageServ is the industry's leading online, real-time solution for the advanced servicing of mortgage and home equity loan products. Details about UniFi PRO and MortgageServ are available on the Internet at www.fiservlendingsolutions.com.

Fiserv, Inc. (Nasdaq:FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing, software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.

SOURCE: Fiserv, Inc.

Fiserv Mortgage Servicing Systems
Kathleen Mikula, 574-245-1562
or
Fiserv, Inc.        
Mike Muckian, 262-879-5667

Copyright Business Wire 2006

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