-
Productivity improvements due to workflow automation and positive
experience with Fiserv key to decision
-
Solution fully integrated into core account processing solutions from
Fiserv
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Enhanced functionality gives the bank the ability to manage its
investor activities in real-time
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), the leading global provider of financial services
technology solutions, announced today that Home
Loan Investment Bank, a Fiserv client since 2004, is now using LoanServ™
from Fiserv to support its mortgage loan servicing operation. When
re-evaluating loan servicing solutions, Home Loan Investment Bank
decided to expand its relationship with Fiserv by implementing LoanServ
because of the solution's workflow capabilities, real-time
functionality, the ability to fully integrate with account processing
solutions from Fiserv and the positive experience the bank has had with
the Fiserv team.
"Our search for a loan servicing solution began when we realized today's
lending landscape required that we do more than just band-aid our
current solution. We needed a solution that was equipped to handle the
regulatory, economic and technological challenges in the marketplace,"
said Brian J. Murphy, president, Home Loan Investment Bank. "LoanServ
was the answer we were looking for. The solution's ability to support
our real estate-backed retail loans will enable us to stay competitive.
We feel confident that by deepening our partnership with Fiserv, we will
be better prepared for tomorrow."
Home Loan Investment Bank is taking advantage of the enhanced investor
rules functionality within LoanServ, which will give the
bank the ability to manage its investor activities without having to
wait for overnight data updates. This functionality will give the bank
and its investors the ability to access data about portfolio position
any time and immediately see the impact of every borrower transaction.
"The growing complexities of the lending landscape make having a
flexible loan servicing solution a necessity for all lenders," said
Thomas Gorman, Chief Operating Officer, Lending Solutions, Fiserv. "By
selecting LoanServ, Home Loan Investment Bank is able to take advantage
of technology that fully integrates with their core processing solution
and a team of Fiserv professionals that are dedicated to helping their
business grow."
LoanServ automates all loan servicing processes, including integrated
default management and collections, cashiering, escrow and investor
accounting for both closed-end and revolving loans. With the
single-platform 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. The
rules-based architecture of the platform also gives lenders such as Home
Loan Investment Bank the ability to manage data in a way that is
meaningful to their business. The ability to process real-time
transactions and the solution's default management capabilities were
especially appealing to Home Loan Investment Bank, since these
capabilities can enable the bank to differentiate itself from its
competitors.
Links in this release:
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of
information management and electronic commerce systems for the financial
services industry, driving innovation that transforms experiences for
financial institutions and their customers. Fiserv is ranked No. 1 on
the FinTech 100 survey of top technology partners to the financial
services industry. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Amanda McCracken
Public Relations
Manager
Fiserv, Inc.
262-879-5722
amanda.mccracken@fiserv.com
or
Additional
Contact:
Julie Nixon
Public Relations Manager
Fiserv,
Inc.
678-375-3744
julie.nixon@fiserv.com
Source: Fiserv, Inc.
News Provided by Acquire Media