BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that the Massachusetts
Housing Finance Agency has selected its LoanServ™
platform to perform all aspects of residential mortgage servicing
including new loan boarding, business-to-consumer and
business-to-business web-based applications, and the disposition of real
estate-owned properties.
The Massachusetts Housing Finance Agency (MassHousing) is an independent
public authority that provides financing for the construction and
preservation of affordable rental housing, and for affordable first and
second mortgages for homebuyers and homeowners in Massachusetts.
"Switching to LoanServ is going to help us deliver on our mission to
increase affordable housing options for Massachusetts residents by
improving the speed and efficiency of closing, managing and servicing
our loans, while minimizing the risk," said Kevin Mello, director of
HomeOwnership Servicing & Operations, MassHousing.
LoanServ from Fiserv is an online real-time loan management system that
supports every aspect of a customer relationship and provides valuable
insights and consolidated views of customer needs and credit-worthiness
to help grow customer relationships. In addition, simplified reporting
and regulatory compliance efforts make it easy to satisfy governance
policies, while also providing risk analysis and added protection
against defaults. The software helps increase staff productivity with
process automation and enables servicers to more effectively manage
operations because all critical information about each loan is in a
central database.
"MassHousing's selection of LoanServ demonstrates the diverse
capabilities of the lending solutions Fiserv has to offer, including the
flexibility required by government agencies in their role as stewards of
public funds," said Kevin Collins, president, Lending Solutions, Fiserv.
"Quick access to loan information means greater transparency and more
streamlined reporting, something that is critical to the GSEs and
private investors."
"Fiserv is proud to assist MassHousing with their loan servicing
modernization and to be a part of providing the people of Massachusetts
affordable lending," said Ray Kalyustan, senior vice president,
Government Solutions, Fiserv. "Our goal is to ensure that all who
interact with the LoanServ solution will have a consistent,
easy-to-access and satisfying experience."
LoanServ from Fiserv 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, and the rule-based workflow tools of LoanServ
let users define processes according to their own business needs.
Additional Resources:
About Massachusetts Housing Finance Agency
Massachusetts Housing Finance Agency is a self-supporting not-for-profit
public agency. It has provided more than $17 billion in financing for
homebuyers and homeowners, and for developers and owners of affordable
rental housing. MassHousing does not use taxpayer dollars, but sells
bonds to fund its programs. In recent years, MassHousing has
also supported the Commonwealth of Massachusetts by contributing funds
to offset budget cuts to state housing programs.
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:
Julie Nixon
Senior Public Relations
Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Thought Leadership
& Communications
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com
Source: Fiserv
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