To keep pace with consumer demands, the platform already supports unsecured credit lines, home equity lines of credit, mortgages, closed-end seconds, home-equity rate locks, interest-only loans and and indirect loan support will become available within the platform, do more with less, according to Thomas Gorman, president of Fiserv customers and cross-selling additional products to existing customers, platform eliminates product silos in the business, resulting in enhanced borrower experiences over the lives of loan relationships. products. When all of a borrower s loans and lines of credit are linked within a single system, cross-selling becomes easier.
The servicer knows the status of all the customer s in a position to refinance old loans or seek new ones, says Gorman. The platform is also useful for The platform not only manages payment processing, escrowing and securitization for multiple lending product lines, but also provides collections, bankruptcy and foreclosure functionality to preserve distressed assets and mitigate default loss. Because loans are linked to the borrower, payment performance issues on one account can trigger loss 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 worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO government employers and health plans. Headquartered in Brookfield, Wis.
, Fiserv reported more than $4 billion in total revenue for 2005.
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