Tag Archives: Lending Solutions

Business, Finance, Occupation & Industry

Fiserv Partners with ChannelNet to Create Enhanced Self-Service Channel for Lenders to Offer Borrowe

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By Business Wirevia The Motley Fool

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Fiserv Partners with ChannelNet to Create Enhanced Self-Service Channel for Lenders to Offer Borrowers

  • LoanLink allows financial institutions using LoanServ from Fiserv to launch secure, customizable and cost-effective websites that meet customer expectations
  • Solution gives borrowers 24/7 access to loan transactions, and the ability to view and update loan information in real-time

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, announced today that it has partnered with ChannelNet, a multichannel marketing solutions company, to create an enriched version of LoanLink™, a consumer-facing online channel that enables clients of LoanServ™ to quickly roll-out robust self-service websites for their borrowers. LoanServ from Fiserv is a real-time servicing solution that streamlines processes for all retail loans.

The LoanLink offering is built on ChannelNet’s patented and scalable SiteBuilder™ software, and provides lenders with the ability to rapidly launch customized websites. Each SiteBuilder website comes with powerful administration features, personalization capabilities and content management tools for the financial institution. For the consumer, LoanLink provides additional self-service features and intuitive account management tools, such as the ability to make payments online, receive loan payoff information, view transaction history and update personal and financial information related to their loans. This flexibility puts more control in the hands of the consumer, which can lead to higher levels of customer satisfaction and retention.

“Borrowers today are seeking the most convenient options for managing their loans. LoanLink brings loan data to the consumer and facilitates online activities – including escrow balances and loan modification options – reducing calls to a customer service department,” said Kevin Collins, president, Lending Solutions, Fiserv. “This ability leads to greater efficiency and cost savings for the financial institution and a superior customer experience for the borrower. In addition, our clients have a tremendous opportunity to grow electronic payment usage among their borrowers.”

This strategic partnership with ChannelNet enables Fiserv to enhance the LoanLink platform and speed the time to market for banks, credit unions and any other servicing operation using the solution. Consumers have access to multiple accounts through a single sign-on feature and expanded self-service tools for mortgage, installment and revolving credit accounts. LoanLink leverages a broad selection of web services and pulls data directly from the LoanServ platform.

Each institution using LoanLink can customize the website to meet specific branding and function or feature needs.

From: http://www.dailyfinance.com/2013/04/11/fiserv-partners-with-channelnet-to-create-enhanced/

Business, Finance, Occupation & Industry

Fiserv Launches New Consulting Initiative Designed to Help Banks Improve Profitability and Efficienc

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By Business Wirevia The Motley Fool

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Fiserv Launches New Consulting Initiative Designed to Help Banks Improve Profitability and Efficiency of Commercial and Small Business Lending

  • Business Lending Strategy designed for regional and community banks
  • Fiserv consultants conduct an in-depth review followed by strategic and operational recommendations

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, today announced a new offering designed to help regional and community banks improve the efficiency and profitability of their commercial and small business lending products and processes.

The Business Lending Strategy from Fiserv begins with Fiserv consultants conducting an in-depth review of a bank’s commercial lending business. Based on this strategic and operational review, Fiserv then provides recommendations for new or improved credit products and processes, improved pricing for business growth, process automation opportunities and enhanced credit policies and underwriting parameters for improved efficiency, credit performance and control.

The review and recommendations from Fiserv utilize the company’s expertise in commercial and small business lending to advance important institutional objectives, including improvements in commercial and small business market share, enhanced profitability and greater efficiency in lending processes.

In addition to the expertise of the Fiserv consultants, the Business Lending Strategy program draws on the expertise of several Fiserv business units including:

  • Bank Intelligence Solutions from Fiserv combines financial analysis, market analysis and expert advice into a suite of automated decision tools to help identify the right strategies for financial institutions.
  • Lending Solutions from Fiserv offers real-time solutions that automate and consolidate the workflows and processes associated with underwriting, processing and servicing loans of all types including mortgages, home equity loans and lines of credit; installment, auto or small business loans; or captive financing
  • Account Processing from Fiserv helps banks create a reliable platform to reduce risk and drive efficiency using all channels of banking activity.

“For regional and community banks, the small business segment is a unique class of commercial customers which is critical for achieving growth in market share, revenue and profitability. Today, these banks are facing increasing competition from larger financial institutions, and in order to compete and grow, they must be able to efficiently deliver small business

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Common Origination Platform and LoanServ from Fiserv Integrated for Improved Efficiency and Seamless

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By Business Wirevia The Motley Fool

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Common Origination Platform and LoanServ from Fiserv Integrated for Improved Efficiency and Seamless Data-Sharing

  • Integration will provide full circle loan boarding process for all mortgage, line of credit and installment loans
  • Benefits include fewer errors and real-time integration between originated and closed loans in Common Origination Platform and LoanServ systems

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, announced today that its Common Origination Platform™ and LoanServ™ solutions have been integrated to provide real-time, full-circle loan boarding processes for all mortgage, lines of credit and installment loans. The integration improves efficiency for all users by sharing data points and eliminating potential errors caused by manual data entry.

With an increasing number of financial institutions supporting both production and servicing operations, the integration of the Fiserv solutions provides a consolidated view of each customer as well as a single view of risk for their loan portfolios. The integration eliminates duplication within processes and the business management of the systems.

“Fiserv has clients that use LoanServ to service mortgages, unsecured personal loans and home equity products, and others are using Common Origination Platform to also originate and close the same types of loans,” said Kevin Collins, president, Lending Solutions, Fiserv. “As a result of our integration strategy, organizations that deploy both Common Origination Platform and LoanServ will experience the benefits of improved efficiency and enhanced technology that meets all industry standards.”

Regulatory requirements impact the need for greater standardization during the origination process and how data is presented to borrowers. On the servicing side, monthly statements also are becoming more standardized. The seamless integration of Common Origination Platform and LoanServ will eliminate duplication within processes and the business management of the systems, as well as reduce the number of touch points that may obscure an organization’s total relationship with its lending customers.

LoanServ processes all loan types, including default management and collections, and investor accounting for both closed-end and revolving loans. With the 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.

Common Origination Platform is an enterprise lending solution designed to originate consumer, business, mortgage and real estate-backed loans. Additionally, lenders can establish their own business standards including operating procedures, conditions and limits …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Fiserv Reports Record-Setting Transaction Volume on its Automotive Loan Origination System in 2012

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By Business Wirevia The Motley Fool

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Fiserv Reports Record-Setting Transaction Volume on its Automotive Loan Origination System in 2012

  • More than 10.8 million loan applications processed and 3.7 million contracts funded on auto industry’s leading end-to-end lending and leasing solution
  • Robust, flexible solution offering accuracy, speed and consistency helps dealers and OEMs gain competitive edge

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, announced today that 2012 was a record-setting year for its Automotive Loan Origination System (LOS), with more than 10.8 million loan applications and 3.7 million contracts processed through the company’s auto lending platform. This marks a 31 and 33 percent year-over-year increase for applications and contracts, respectively.

The growth reflects the return to health of the automotive industry that was driven, in part, by renewed consumer demand following the past year’s uptick in the economy. The industry has witnessed the emergence of both established and new lenders vying to meet the needs of growing segments.

“We are seeing continued growth in the sector due to favorable interest rates and pent-up consumer demand, which contributed significantly to the record-setting volumes being supported by our Automotive Loan Origination System,” said Kevin Collins, president, Lending Solutions, Fiserv.

Fiserv technology gives lenders access to robust workflow tools that help them view their borrowers and their auto lending portfolios more holistically. This enables them to make smarter decisions and fund the most appropriate type of loans.

“Three key elements are currently driving best-practice use of auto finance technology: third-party collaboration and integration of applications that offer seamless services; eContracting and other digital initiatives that eliminate paper and reduce costs; and business process outsourcing, which delivers high-quality services as an extension of a lender’s business,” Collins added.

Automotive Loan Origination System from Fiserv is a comprehensive end-to-end solution for automotive originations, from electronic application capture through efficient credit processing, funding verification, validation and booking of new loans and leases. The system assures a fast and efficient origination process, enforces compliance, mitigates risk and promotes profitable growth by lowering processing costs.

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