Charter Mortgage Selects Fiserv UniFi PRO Mortgage eX LOS for Flexible, Integrated Mortgage Automation.LAKE MARY Lake Mary may refer to:
Please [ improve this article] or discuss the issue on the talk page. software (LOS) system to take its mortgage business to new levels of flexibility and integration. Founded in 1976, Charter Mortgage is New Mexico's largest mortgage company and is the only company originating and servicing residential and commercial mortgages in the state. Charter Mortgage is also the state's largest originator of FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). , VA, and other affordable home-loan programs. Charter Mortgage is an affiliate of Charter Companies, which also owns Charter Bank, New Mexico's sixth-largest financial institution. "Charter Mortgage is an existing user of our MortgageServ(R) loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. system, so we're pleased they have selected the UniFi PRO Mortgage eX solution as their LOS," said Ed McWilliams, Senior Vice President of Loan Management Products for Fiserv Lending Solutions. "The efficiency they will gain from integrating UniFi PRO Mortgage eX with MortgageServ will benefit their entire lending business from origination all the way through servicing." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Lyle Greenberg, Charter's Vice President of Mortgage Operations, the company found itself needing to take better advantage of modern technology, especially in the areas of databases, the Internet, and integration with other systems and services. "We especially needed more and better interfaces to our current business partners. The integration of our first- and second-mortgage loan processing was also important to our operation," Greenberg said. "We are very impressed with Fiserv's solid customer base and strong financials." As a long-term customer of the MortgageServ system, Charter already has a good relationship with Fiserv, according to Greenberg. "We've been a MortgageServ client for about 12 years," Greenberg said. "We're very pleased with the way MortgageServ meets our loan-servicing needs, so in 2004 we signed another extension on our MortgageServ contract. When we began thinking about a new LOS, we liked the synergy of having Fiserv solutions on both the front end and the back end." After deciding to evaluate LOS solutions, Greenberg and his team gathered information on several vendors' solutions. Charter then invited a select group of vendors to submit RFPs. "From there we made on-site visits with several system users," Greenberg said, "culminating in a visit to the UniFi PRO Mortgage eX development team in Florida. We were impressed with the Fiserv staff we dealt with. We asked a lot of questions, and Fiserv really stood out during our evaluation by providing thorough yet clear answers. "We selected UniFi PRO Mortgage eX because it offers the best combination of solid functionality, good technology, and a strong parent company," said Greenberg. "We liked not only its out-of-the-box feature set--so we can get it up and running quickly--but also its flexibility. We need an LOS that we can customize as we see fit, and UniFi PRO's Power Tools toolkit will enable us to add data fields, change screens and modify system workflow to meet our changing needs." Greenberg anticipates good things as he and his team begin the LOS implementation process. "We want to use our new LOS to not only improve our retail origination process, but also establish a more robust and technologically sophisticated broker and correspondent network," Greenberg said. "Overall, we're looking forward to using UniFi PRO Mortgage eX to enhance our workflow and improve our operational efficiency." UniFi PRO Mortgage eX is a highly customizable, enterprise-wide lending solution of unlimited scalability for larger, highly sophisticated, multi-channel lenders. Currently in use at dozens of innovative mortgage-lending operations nationwide, UniFi PRO Mortgage eX is a complete and comprehensive LOS solution that automates every phase of mortgage and home-equity loan Home-Equity Loan A consumer loan secured by a second mortgage, allowing home owners to borrow against their equity in the home. The loan is based on the difference between the homeowner's equity and the home's current market value. origination, processing and closing. MortgageServ provides on-line, real-time solutions for the advanced servicing of mortgage and home-equity loan products. Details about UniFi PRO Mortgage eX and MortgageServ are on the Internet at www.fiservlendingsolutions.com. UniFi PRO Mortgage eX and MortgageServ are part of Fiserv Lending Solutions, a suite of products and services for mortgage, consumer, and commercial lenders Whilst nearly all lenders offer loans on a commercial basis the term commercial lender has differed meanings around the world.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial industry, including software solutions, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in . The company serves more than 16,000 clients worldwide, including banks, thrifts, credit unions, lenders, financial planners/investment advisers, insurance companies, and self-funded employers. Headquartered in Brookfield, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. ., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry in the 2004 FinTech 100 survey by the American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. newspaper and the Financial Insights research firm. For more details, visit www.fiserv.com. |
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